Regional news: Jersey

English court prevents service on Panamanian investor

An English court has barred the liquidator of a local investment vehicle from serving a preference application on Panama-incorporated investor Holyoak, finding his claim did not have a “reasonable prospect of success”.

15 April 2020

Lebara completes restructuring

Six months after bondholders took control of the company through a “ground-breaking” coercive share pledge enforcement, UK telecoms group Lebara has completed its capital restructuring.

16 January 2020

Gold miner files for bankruptcy in Canada as Armenia arbitration looms

A Jersey-registered gold miner has filed for bankruptcy protection in Canada as it weighs up an investment treaty arbitration against the Armenian government.

06 January 2020

BVI court issues first judgment on pooling liquidations

The estates of three companies tied up in a “substantial fraud” allegedly carried out by São Paulo’s former mayor can be pooled, a British Virgin Islands court has ruled, in the first published judgment of its kind.

10 December 2019

CVR Global opens Jersey office after Moore Stephens acquisition

Advisory firm CVR Global has opened its third offshore office after acquiring the Moore Stephens restructuring and insolvency team in Jersey.

20 August 2019

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

Norwegian driller restructures in Jersey

Akin Gump Strauss Hauer & Feld and Houlihan Lokey are advising Connecticut-based fund SVP Global on the distressed acquisition of a Norwegian oil driller.

27 June 2019

Carey Olsen hires familiar face as partner

Harneys counsel Richard Brown has rejoined his old firm Carey Olsen as a partner in London, after two years away.

19 June 2019

Harneys counsel goes in-house

Harneys counsel and IWIRC director-at-large Catherine D’Alton is moving in-house at Standard Chartered Bank in Singapore.

25 April 2019

English court approves closure of Lehman Brothers’ client money estate

Four months after sanctioning a scheme of arrangement to close the general estate of Lehman Brothers’ main trading arm in Europe, the English High Court has approved an order to facilitate the closure of its client money estate.

30 October 2018

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