Insolvency of Guernsey companies

A unique aspect of Guernsey insolvency law is the ability of members to wind up their company by special resolution even when this company is insolvent. This article has been written to take into account the legislative changes which will be enacted by the Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020 which will come into force during the course of 2020.

Related briefings

Channel Islands employment law update – July 2020

Jersey Tribunal rules HR advisers not protected by legal privilege The Jersey Employment Tribunal (the Tribunal) in David Slater v Consolidated Minerals[1] sought to consider an interesting question concerning discovery: whether HR consultants are protected by legal advice privilege, given their status as non-legally qualified advisers. In the context of a constructive unfair dismissal claim, […]

Channel Islands Funds Quarterly Update: Q2 2020

Contents: 1 Developments in the Channel Islands 1.1 Mandatory Disclosure Rules 2 Jersey developments 2.1 Deadline for submission of JPF annual compliance return extended 2.2 Outsourcing Notifications to be submitted online 2.3 JFSC consultation on changes to fund fee rates 2.4 JFSC Annual Report 2019 published 2.5 Migration of foreign limited partnerships into Jersey 2.6 […]

Cayman Islands private funds law – expanded scope

The Cayman Islands Government has approved an important amendment to the Private Funds Law 2020 (PF Law) that will increase the number and categories of closed-ended Cayman investment vehicles required to register with the Cayman Islands Monetary Authority (CIMA).

Rise in venture capital-backed tech in response to pandemic

The COVID-19 pandemic has destabilised global markets. However, the crisis has encouraged swift adaptations in all walks of life and the development of innovative living and working patterns as a result of lockdowns around the world.

Technology in legal transactions

The COVID-19 pandemic and the resultant lockdown have thrown into sharp relief the benefits of a robust IT infrastructure and the ability to work flexibly to provide smooth client services in times which are anything but ordinary. In this article, partner James Fox looks at the technology being used to support clients.

Latest Briefings

Borrowers experience speed bump in road to compliance – expanded scope of Cayman private funds law

By now most fund finance professionals would likely choose an afternoon in the dentist’s chair over a discussion about the Cayman Islands Private Funds Law, 2020. Borrowers unfortunately experienced a speed bump in the road to compliance this week with the introduction by the Cayman Islands Government of an amendment to the PF Law which significantly increases the number of entities which will need to register with the Cayman Islands Monetary Authority (CIMA) by 7 August 2020.

What are the benefits of employee engagement?

By Chris Shenton Reading Time: 5 minutes Employee engagement is the central topic here at Weekly10. Whether we’re talking about the latest employee engagement strategies, how to improve employee engagement or simply what exactly employee engagement is, it’s fair to say it is always a focus for us. Yet, we still often get asked the […]

BVI economic substance requirements 2020 update

The framework that the British Virgin Islands (“BVI”) government has created to enable BVI ‘legal entities’ to report prescribed economic substance information’ is now operational. New reporting and (in some cases) economic substance requirements now apply for BVI ‘legal entities’ that conduct certain defined ‘relevant activities’ under the Economic Substance (Companies and Limited Partnerships) Act, 2018 and the Rules on Economic Substance (together the “Economic Substance regime”).

Exploring the appeal of Jersey and Guernsey trust structures

Jersey and Guernsey trusts and foundations are popular choices for asset protection structuring. In this Q&A, partner Rupert Morris and senior counsel Sevyn Kalsi from Walkers’ Guernsey and Jersey Private Capital & Trusts teams explore the appeal of offshore trust structures as solutions for clients.

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Norton Rose Fulbright

Norton Rose Fulbright sets out blueprint for firm’s working future

Norton Rose Fulbright is putting together plans for a gradual and phased return to its offices after a global survey found that a huge proportion of staff would prefer to work remotely “most of the time”, while almost 1,000 employees want to work from home one or two days a week. In a bid to […]

Deloitte Legal lures Luminance CEO in bid for NewLaw talent

Deloitte Legal has hired Luminance chief executive officer Emily Foges to lead its managed services business. Foges will take on the leadership function in June, concluding a four-year stint as CEO of the artificial intelligence company. As part of her role, she will concoct a string of new services that will combine managed services capabilities […]

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