Regional news: Guernsey

Appleby advised Arcadia administrators in Jersey, Guernsey and the Isle of Man

A court decision published in Jersey shows how offshore firm Appleby helped the joint administrators of British retail tycoon Philip Green’s Arcadia Group obtain recognition in the Channel Islands and the Isle of Man, before his fashion empire was sold off.

24 February 2021

Guernsey fund’s liquidators secure emergency US discovery powers

The voluntary liquidators of a Guernsey-incorporated fund have secured provisional US recognition in New York, along with powers to examine transfers made by a Delaware real estate group.

29 January 2021

Ogier adds new partners in Hong Kong and Guernsey

Offshore firm Ogier has boosted its global restructuring offering with the appointment of three news partners in Hong Kong and Guernsey.

14 December 2020

Guernsey liquidators secure court’s “blessing” for Georgian oil group sale

A Guernsey court has approved the sale of an insolvent Georgian oil group, dismissing accusations that its liquidators sought to shed responsibility for a deal that did not benefit creditors.

09 November 2020

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

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