Changes to Guernsey's Insolvency Regime
16 January 2020
Long-awaited amendments to companies law in Guernsey should be in force soon. Guernsey's legislature, the States of Guernsey, has approved the Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020. The new provisions will come into force on a date to be fixed, likely early this year. The amendments to the law are aimed at further improving and updating Guernsey's corporate insolvency regime.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.