Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Canadian co-owner fails to stop winding-up of Guernsey holding company

By Benjamin Clarke

08 August 2017

Canadian co-owner fails to stop winding-up of Guernsey holding company Peter Island, British Virgin Island: The appeal brought by Canadian businessman Alex Shnaider’s BVI-registered shareholder-vehicles was dismissed. iStock.com/cdwheatley

The Guernsey Court of Appeal has dismissed a bid by the BVI-incorporated shareholder-vehicles of a Canadian businessman to halt the winding-up of a Guernsey-registered holding company that he co-owns with a Russian businessman.