Regional news: Gibraltar

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

Gibraltar court finds “arguable case” for jurisdiction over Scotsman in Spain

A Gibraltarian court has granted permission for the service of a statutory demand on a Scottish businessman residing in Spain, saying it may claim jurisdiction to declare the recipient bankrupt if the demand is ignored.

17 January 2017

Peabody gains approval of Chapter 11 plan amid creditor objections

US-Australian coal company Peabody has garnered “substantial support” among creditors for a plan to slash its US$8 billion debt that was submitted to a US court late last year; though some shareholders claim the plan unfairly coerces investors to agree to its terms.

05 January 2017

Enterprise Insurance to be wound-up in Gibraltar as breach of regulations found

A Gibraltarian court has appointed an official liquidator to wind-up European insurance firm Enterprise Insurance amid evidence of regulatory breaches.

07 November 2016

Gibraltarian recognition opts for EU regulation over new UNCITRAL regime

The Supreme Court of Gibraltar has recognised the liquidation of a web development company in the UK, with liquidators opting to use the European Insolvency Regulation over the peninsula’s brand new legislation based on the UNCITRAL Model Law.

22 September 2016

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