Notable Appleby Guernsey Corporate Insolvency Matters

Appleby's insolvency and restructuring team in Guernsey have been involved in a number of high value corporate insolvency matters in 2014. Advocate Anthony Williams discusses notable cases involving a complex cross border restructuring, the discharge of a company administration order by the Royal Court returning the company to its owners and a novel application to wind up a group of online gaming companies in Alderney as a result of a massive fraud perpetrated in the United States.

Administration order

In a highly complex and sensitive commercial matter, Appleby successfully sought administration orders in respect of a number of Guernsey investment companies, forming part of a wider UK property holding structure. The primary purpose of the administration order was to implement a plan of restructuring to rescue the group as a going concern. The reorganisation involved the proposed restructuring of a secured loan facility in excess of £700m, and the managed disposal