Reforms to Guernsey's insolvency laws that will provide for
an even more effective corporate insolvency regime should be
welcomed by those within industry, according to Carey Olsen partner
David Jones.
Approval by the States of Guernsey of the Companies (Guernsey)
Law, 2008, (Insolvency) (Amendment) Ordinance, 2020 ("the
Ordinance") brings the introduction of the updated law one
step closer including, for the first time in Guernsey, formal
insolvency rules to offer guidance on procedural matters
surrounding both the new and existing law.
David is a specialist in restructuring and insolvency with
intricate knowledge of the practical application of the legislation
having been involved in the majority of significant insolvencies to
touch the island in the past 10 years. He sat on the industry
working party tasked with reforming the law and has also been
nominated to sit on the first ever Insolvency Rules Committee that
will draft the practical framework around which
