Regional news: Gibraltar

Gibraltarian appeals court overturns Scotsman’s bankruptcy discharge

The Gibraltarian bankruptcy trustees of a Scottish former hedge fund manager have overturned a lower court order discharging his bankruptcy, after an appeals court found the bankrupt’s failure to comply with his statutory obligations to them went “well beyond” a limited failure to evade service.

19 January 2023

Scotsman’s bankruptcy discharge allowed after five years of inaction in Gibraltar

Gibraltarian bankruptcy trustees from Begbies Traynor and PwC have failed to stop a Scottish former hedge fund manager’s automatic discharge, after a local court found they didn’t engage with the bankrupt during the relevant statutory period.

22 March 2022

Gibraltar court clarifies powers of protected cell company administrators

The PwC administrator of parts of a Gibraltarian protected cell company may apply to hold a private examination of one of its directors under the local regime for such entities, Gibraltar’s Supreme Court has confirmed.

06 January 2022

Community round-up: Pachulski Stang, Piper Sandler and RSM beef up, as Duff & Phelps opens in Gibraltar

The new year flurry of personnel changes is showing no sign of abating with Pachulski Stang Ziehl & Jones and Piper Sandler acquiring restructuring teams in the US, Duff & Phelps opening a new office in Gibraltar, and RSM adding an investigations partner in London.

19 January 2021

Gibraltar court throws out St Vincent conspiracy claim

A Gibraltarian businessman who accuses his former lawyer of liquidating his company in the Caribbean to frustrate breach of legal privilege proceedings against her, will not have his claims heard locally, after a court found it lacked jurisdiction to hear his conspiracy tort.

20 October 2020

Gibraltar Supreme Court clarifies insolvency set-off rules

The Supreme Court of Gibraltar has clarified the time at which an account should be taken for insolvency set-off purposes, following an application from the administrators of a locally-registered insurance company.

21 July 2020

CVR Global hires Deloitte BVI head as partner

Advisory firm CVR Global has hired a joint liquidator of Panama Papers leak victim Mossack Fonseca from Deloitte in the British Virgin Islands.

12 July 2019

Gibraltarian payday loans business files Chapter 15 in Miami

Two weeks after its UK sister company filed for Chapter 15 protection in New Jersey, the joint liquidators of a Gibraltar-registered payday loans business embroiled in fraud and mismanagement allegations, have sought recognition of their appointment in Miami.

15 August 2018

Kaupthing barred from IVA vote

The English Court of Appeal has voided a British property developer’s individual voluntary arrangement after finding former Icelandic bank Kaupthing should not have been permitted to vote on it.

31 July 2018

Gibraltar court dismisses Singaporean shipper's winding-up petition

In what appears to be the first decision of its kind, a Gibraltar court has dismissed a winding-up petition brought by a Singaporean gas shipper against a Gibraltar-based trading company following repeated adjournments.

14 August 2017

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