Getting The Deal Done

Stuart Gardner, a Director at EY in Transaction Advisory Services, and David Jones, Counsel at Carey Olsen, writing on behalf of the Guernsey Investment Fund Association, look at Guernsey's role as a centre for restructuring and insolvency.ⁱ

Importance of a robust insolvency regime

The World Bank's Ease of doing Business Index¹ quite simply measures the ease of doing business in 190 jurisdictions. It takes the mean of 10 subindices to benchmark those jurisdictions. Three of those indices measure the quality of the insolvency regime including protecting investors, enforcing contracts and resolving insolvency. Given that 30% of the index relates to enforcing stakeholder rights, it is clear that the World Bank attaches significant importance to this.