Regional news: Guernsey

Ogier promotes one in Guernsey, hires two in London

Offshore firm Ogier has promoted Bryan de Verneuil-Smith in its Guernsey dispute resolution team and hired Jeremy Snead and Anna Snead from Appleby in the Cayman Islands.

03 July 2020

British retailer Matalan to launch scheme after securing additional liquidity

Guernsey-owned British fashion and homeware retailer Matalan is launching a scheme of arrangement to deal with its second lien debt after raising £50 million of additional liquidity to see it through covid-19 disruption.

12 June 2020

Guernsey miner files Chapter 15 after losing US$2bn arbitration

Guernsey-based mining company BSG Resources has filed Chapter 15 proceedings in New York, as it tries to stop Brazilian miner Vale from enforcing a US$2 billion arbitration award.

05 June 2019

Joint liquidators appointed over dissolved Guernsey claims handler

A Guernsey court has handed down its reasons for appointing joint liquidators over dissolved claims handler Highbridge Investments, finding the possibility its customers had been “duped” warranted further investigation.

02 May 2019

Carlyle Capital loses on appeal against former directors in Guernsey

Bankrupt investment fund Carlyle Capital Corporation and its joint liquidators have lost their US$360 million appeal against the fund’s former directors and investment manager in Guernsey.

18 April 2019

Litigation funder to wind up in Guernsey

Guernsey-based investment fund Juridica, which claimed to be the “first significant litigation funder”, is preparing to wind itself up following several disappointing litigation outcomes.

14 December 2018

Carey Olsen promotes in Guernsey

Offshore firm Carey Olsen has promoted restructuring and insolvency lawyer David Jones to its partnership in the Channel Islands.

12 December 2018

Guernsey scheme of arrangement gets court greenlight

A court in Guernsey has approved a US-owned slot machine manufacturer’s purchase of a recently-refinanced sports wagering company via a scheme of arrangement, saying it fulfilled the sanction criteria set out last year in the Puma Brandenburg case.

19 February 2018

Guernsey court sanctions "unusual" HSBC ring-fencing scheme

A Guernsey court has, for the first time, sanctioned a scheme of arrangement that transfers a banking business between related companies, in a bid to meet bank ring-fencing regulations introduced in the UK after the global financial crisis.

01 September 2017

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

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.

08 August 2017

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