Created Date:
28 April 2021
A guide to restructuring and insolvency in Guernsey: overview (PLC Chapter)
Lawyers from our restructuring and insolvency practice have drafted these Q&As, which give a structured overview of key practical issues concerning restructuring and insolvency in Guernsey.
Forms of security
- Immovable property
- Movable property
Creditor and contributory ranking
- Pari passu principle
- Order of priority on a liquidation
- Order of priority on an administration
- Secured creditors
Unpaid debts and recovery
- Compromise or arrangement
- Debt recovery proceedings
- Restructuring
- Set-off
State support
Rescue and insolvency procedures
- Administration
- Compulsory liquidation
- Voluntary liquidation
Stakeholders' roles
- Administration and compulsory liquidation
- Voluntary liquidation
Liability
- Director
- Partner
- Parent entity (domestic or foreign)
- Other party
Setting aside transactions
- Preferences
- Fraudulent dispositions
- Dispositions by insolvent companies
Carrying on business during insolvency
- Administration
- Compulsory and voluntary liquidation
Additional finance
- Administration
- Compulsory and voluntary liquidation
Multinational cases where there are no applicable EU or international frameworks
- Recognition
- Money judgments
- Concurrent proceedings
- International treaties
- Procedures for foreign creditors
Reform
