Guernsey court recognises UK bankruptcy trustees under common law, but limits powers

Guernsey court recognises UK bankruptcy trustees under common law, but limits powers

In a landmark decision, a court in Guernsey has recognised the rights of bankruptcy trustees appointed in England over the estate of a former company director, but has prevented them from collecting proceeds from sales of his assets in local désastre proceedings - leaving them entitled only to an unsold watercolour painting.

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