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2020 Heralds New Insolvency Law Changes for Guernsey

2020 Heralds New Insolvency Law Changes for Guernsey
Published on: 24 January 2020
Published by: LexisPSL
  • 2020 Heralds New Insolvency Law Changes for Guernsey
  • A members’ voluntary winding up
  • The power to demand documents and interview individuals
  • The power to disclaim
  • Transactions at undervalue and exorbitant credit transactions
  • Further administrator powers: distributions to creditors, early dissolution and creditor meetings
  • Winding up non-Guernsey companies
  • Supplies of gas, water, electricity and IT
  • Duty to report delinquent officers of the company
  • Conclusion

Article summary

Restructuring & Insolvency analysis: On 15 January 2020 the States of Guernsey passed the Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020, making Guernsey an even more desirable forum for insolvency proceedings. Written by Alex Horsbrugh-Porter, Advocate and Counsel at Ogier (Guernsey) LLP. or take a trial to read the full analysis.

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