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Hotel investors secured in England are unsecured in Guernsey, court says

By Kyriaki Karadelis

30 July 2019

Hotel investors secured in England are unsecured in Guernsey, court says North Greenwich, London / iStock.com/Magdalenawd

Creditors of a hotel project in London, deemed secured under English law, have been told by a court in Guernsey that they rank as unsecured in local liquidation proceedings.