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ARTICLE · 11 AUGUST 2021

Collas Crill Explains... The Administration Process In Guernsey

Collas Crill
Collas Crill
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Collas Crill

Collas Crill

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The Companies (Guernsey) Law, 2008 (Law) provides for companies to be placed into administration and for an administrator to be appointed to manage the company's affairs, by order...

GuernseyCorporate/Commercial Law
Michael Adkins
Michael Adkins
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Introduction

The Companies (Guernsey) Law, 2008 (Law) provides for companies to be placed into administration and for an administrator to be appointed to manage the company's affairs, by order of the Royal Court of Guernsey (Court).

Administration is intended to be a temporary process where in certain circumstances insolvent companies can be provided with 'breathing space' in order to maximise realisations and/or save all or parts of a company's business. It does this through its most significant feature, a moratorium on most creditors' claims.

When will the Court make an administration order?

The Court will only make an administration order if two requirements are fulfilled:

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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