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The recent English Court of Appeal ruling in Re Danka Business Systems plc considers how insolvency practitioners ought to deal with contingent claims.
Guernsey was the first jurisdiction to introduce the concept of a protected cell company but the Companies Law has effectively modernised it.
Katie Hooper was sworn in before the Royal Court of Jersey on 1 December and Matt McManus was admitted as a solicitor on 18 December.
The Guernsey Commerce and Employment Department is seeking input on policy options for the reform of Guernsey’s insolvency regime.
One feature of Weavering Macro Fixed Income Fund Ltd v Peterson is that the claims against the directors were brought by the liquidators of a fund in liquidation.
A recent case held that payments made by insolvent companies out of share premium to redeemed shareholders cannot be clawed back by a liquidator using section 37(6) of the Companies Law.
Mourant Ozannes has announced three internal promotions to group partner with effect from February.
This briefing sets out the main features of Jersey cell companies and highlights the benefits offered by this highly flexible type of company.
Remuneration of voluntary liquidators where the company subsequently goes into insolvent liquidation
The BVI court has considered the approach to be adopted in fixing the remuneration of voluntary liquidators where the company subsequently enters insolvent liquidation.
The Supreme Court and the Court of Appeal in England have recently considered the remedy of marshalling.
Getting it right: how to make a successful application for the appointment of provisional liquidators
The main job of a judge is to determine and uphold rights of property ownership, so applications to appoint provisional liquidators tend to go against the judicial grain.
The dispute has given rise to a number of decisions touching on recognition and assistance to foreign insolvency practitioners, receivers and government agencies.
The current insolvency regime in Jersey can be traced back to the 18th century.
This article concerns the investigation of antecedent transactions during the course of the winding up of a company.
Mourant Ozannes has announced that Christopher Harlowe has joined the firm as a partner in the Cayman Islands litigation and insolvency practice.
The Judicial Committee of the Privy Counsel has handed down its decision in the trial of certain preliminary issues in Fairfield Sentry Ltd (in Liquidation) v Migani and Others.
Cayman Court of Appeal clarifies the scope of the international co-operation provisions of the Companies Law
The Court of Appeal delivered its judgment in the case of Picard v Primeo Fund on 16 April 2014.
Guernsey: all potentially interested parties to be considered by the court when blessing a decision of trustees
The Guernsey Court of Appeal has upheld a decision blessing a trustee’s decision to pay for the costs of refinancing a trust asset from the assets of a family trust.
In Re C (a Bankrupt) BVIHC 0080/2013: common law recognition of a foreign bankruptcy trustee in the BVI
In Re C (a Bankrupt) BVIHC 0080/2013, Mr Justice Bannister QC allowed common law recognition of a foreign bankruptcy trustee for the first time in the BVI.
Mourant Ozannes has announced the promotion of three litigation lawyers in the Cayman Islands to senior positions within the firm.