As many readers will know, Guernsey has recently approved a
significant set of reforms to our insolvency legislation, to bring
it in line with comparable jurisdictions such as England. A rules
committee is also working on a set of corresponding rules to deal
with the finer procedural points that affect a Guernsey insolvency.
You can read Ogier's briefing on the new reforms here.
The purpose of this article is not to look at the reforms
themselves, but to review them briefly in the context of the wider
cross-border insolvency piece, alongside existing case-law, and
examine how Guernsey can, and will, play its part in cross-border
insolvencies and restructurings that will be an inevitable
consequence of the current COVID-19 pandemic.
