Ogier's team continues to be at the forefront of
Restructuring and Insolvency law, acting in two matters that have
broken new ground in Guernsey recently.
Partner Mathew Newman appeared before the Guernsey Royal Court
for the applicants in two matters which raised several legal
issues, some of which have not been addressed previously by the
court.
The matters were In the matter of Maplecross Properties
Limited (in liquidation) (Royal Court, 29 January 2018)
(Maplecross) and In the matter of Canargo
Limited (Royal Court, 21 February 2018)
(Canargo).
Both cases provide lessons for practitioners, as we outline
below:
Background
The Maplecross application concerned whether the liquidators of
a company had standing to bring an application for the company to
be placed in compulsory liquidation by the court.The precise
background of the matter is largely irrelevant and too lengthy for
this article. The purpose of the application was, however, that due
to the
