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Guernsey Insolvency Update: Understanding And Managing A Director's Duties In Times Of Financial Distress
2018 saw a number of high profile insolvencies around the world, including in Guernsey. The climate for many sectors remains extremely challenging with the UK further hindered ...
Guernsey
17 Jan 2019
2
Carey Olsen Assists NYX Gaming Group With Its Can$775 Million Takeover By Scientific Games Corporation
Carey Olsen has played a central role in advising its existing client NYX Gaming Group Limited (NYX) in relation to its recommended takeover by Scientific Games Corporation (Scientific Games).
Guernsey
30 Jan 2018
3
Trusts & Trustees Article: The Criminal Offences Of Failure To Prevent Tax Evasion
Sir Winston Churchill, with inimitable wit, contended that, ‘for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle'.
UK
6 Dec 2017
4
Directors And Companies: Everything You Always Wanted To Know About Carlyle But Were Too Afraid To Read
On 4 September 2017, the Royal Court of Guernsey handed down one of the most anticipated judgments in recent Guernsey jurisprudence, Carlyle Capital Corporation Limited and others v. Conway and others [2017].
Guernsey
5 Dec 2017
5
A Comprehensive Guide To The Carlyle Case: Everything You Need To Know
On 4 September 2017, the Royal Court of Guernsey handed down one of the most anticipated judgments in recent Guernsey jurisprudence...
Guernsey
5 Dec 2017
6
The Tax Man Cometh: The Criminal Offences Of Failure To Prevent Tax Evasion
On 30 September 2017, the UK Criminal Finances Act 2017 (the CFA) will come into force, along with its newly-focused corporate criminal offences of failure to prevent facilitation of tax evasion.
Guernsey
6 Sep 2017
7
The Time Limit For Claims Against Directors For Breach Of Duty
It is rare that directors foreshadow claims against them, and often claims arise with little if any warning, from what directors may consider to have been historic transactional decision-making.
Guernsey
17 Jul 2017
8
Insolvency Practitioner Guidelines Introduced In Guernsey
In March 2017, the States of Guernsey approved the reform of Guernsey's insolvency laws, which afford greater protection to creditors and investors. The necessary legislative amendments are...
Guernsey
26 May 2017
9
Guernsey Companies: Striking Off And Voluntary Winding Up
This briefing note provides an outline of the different processes of voluntary winding up and striking off under the Companies (Guernsey) Law, 2008 (as amended) (the "Law").
Guernsey
9 Feb 2017
10
Discharge Of An Administration Order - A Pragmatic Approach
Our Restructuring and Insolvency team has had further significant success, recently securing the discharge of an administration order over a Guernsey Protected Cell Company to facilitate its voluntary winding up.
Guernsey
18 Aug 2016
11
Guernsey Insolvency Law Consultation - February 2016
On 11 February 2016, the Guernsey Commerce and Employment Department published a consultation response document to set out the proposals the Department is going to take forward for the reform of Guernsey's personal and corporate insolvency laws (the Consultation Response).
Guernsey
8 Mar 2016
12
Practice Direction No.5 Of 2015: A Dedicated Commercial Court For Guernsey
The Royal Court of Guernsey has taken the welcome step of dedicating specific court time to company and insolvency matters.
Guernsey
24 Nov 2015
13
Practice Direction No.3 Of 2015 Direction On Administration And Liquidation Costs And Procedure
The Royal Court of Guernsey has issued a Practice Direction pertaining to the information required when applying for the appointment of an administrator or liquidator in Guernsey.
Guernsey
25 Aug 2015
14
Discharging An Administration Order
On 19 June 2014, MR6 was placed into administration on the basis it was unable to pay its debts as they fell due.
Guernsey
14 Jan 2015
15
Guernsey Insolvency Law Consultation
David Jones a restructuring and insolvency expert from Carey Olsen was invited to participate as part of the Commerce and Employment Department’s working party that reviewed the laws which raise a number of key areas for change.
Guernsey
5 Nov 2014
16
AIFMD Update - January 2014
The deadline for implementation of the Alternative Investment Fund Managers Directive (the "Directive") passed on 22 July 2013.
Guernsey
15 Jan 2014
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