Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 30 JANUARY 2025

Guernsey Restructuring & Insolvency 2025

Carey Olsen
Carey Olsen
Contributor
Carey Olsen

Carey Olsen

With a heritage that dates back to 1898, Carey Olsen is one of the most established and...

View firm profile
Explore more from Carey Olsen

Parts XXI to XXIV of the Companies (Guernsey) Law 2008, as amended (the Companies Law) contain the main statutory provisions relating to corporate insolvencies and reorganisations...

GuernseyInsolvency/Bankruptcy/Re-Structuring
Tim Bamford
Tim Bamford
David Jones
David Jones
Sarah Orton
Sarah Orton
Author LinkedIn connections

General

Legislation

What main legislation is applicable to insolvencies and reorganisations?

Parts XXI to XXIV of the Companies (Guernsey) Law 2008, as amended (the Companies Law) contain the main statutory provisions relating to corporate insolvencies and reorganisations of Guernsey companies. These Parts consist of the Companies (Guernsey) Law 2008 (Insolvency) (Amendment) Ordinance 2020 (the Insolvency Amendment Ordinance) as supplemented by the Company Insolvency (Guernsey) Rules 2022 (the Company Insolvency Rules), both of which came into force on 1 January 2023. The Companies Law also contains the procedures applicable to protected and incorporated cell companies.

Excluded entities and excluded assets

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

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.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Cayman Islands Investment Funds - Summer 2026 Update

The Cayman Islands investment funds sector continues to evolve with significant regulatory updates affecting reporting requirements and the introduction of a new framework for tokenised funds. Key changes include modifications to Common Reporting Standards and Economic Substance filing procedures, alongside the implementation of legislation enabling digital token representation of fund interests.
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

Cayman Islands Digital Assets - October 2026 Update

The Cayman Islands has introduced significant regulatory developments for digital assets, including a dedicated framework for tokenised funds, enhanced AML and sanctions rules, and strengthened market conduct requirements for virtual asset service providers. These changes provide greater regulatory certainty while reinforcing the jurisdiction's position as a leading hub for digital assets and fintech innovation.
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

British Virgin Islands Digital Assets - October 2026 Update

The British Virgin Islands is advancing its position in the digital assets space through the implementation of CRS 2.0 and progress towards CARF, while single-asset, closed-ended vehicles are gaining traction for tokenised funds and blockchain projects. These regulatory developments and structural innovations are reshaping how crypto assets and real world asset tokenisation projects can be efficiently structured in this jurisdiction.
British Virgin IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

New CIMA AML Rule And Sanctions Rule: What Regulated Funds Need To Consider

New CIMA Rules effective September 2026 will transform anti-money laundering and sanctions compliance for Cayman Islands investment funds, elevating previous guidance to directly enforceable requirements. Fund governing bodies face enhanced responsibilities including mandatory annual AML training, independent audit requirements, and stricter AMLCO independence standards. Understanding these practical implications and preparing appropriate compliance frameworks will be essential for funds and their service p
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

New CIMA AML Rule And Sanctions Rule: What Regulated Entities Need To Consider

The Cayman Islands Monetary Authority has introduced new enforceable Rules on anti-money laundering and sanctions compliance, effective September 18, 2026. These Rules transform previous guidance into directly enforceable requirements, establishing clear obligations for regulated entities including mandatory annual training for governing bodies, independent audit requirements, and enhanced AMLCO independence standards.
Cayman IslandsCorporate/Commercial Law
Carey Olsen
Carey Olsen