Hassans' Partner Nigel Feetham QC takes a look at the risk of insolvency for businesses in the current coronavirus crisis and the new measures governments...

On Monday 13th March 2023 the Supreme Court of Gibraltar discharged the Administration Order over Prometheus Insurance Company Limited and placed it into liquidation.

ISOLAS LLP Partner, James Montado, and Associate, Michael Adamberry, have contributed to the Gibraltar chapter of the Chambers Insolvency Guide.

The 5th September 2011 saw the dawn of a new era for insolvency practitioners in Gibraltar. Much awaited legislation in the field of insolvency was finally passed and a new regime for both personal and corporate insolvency has been put in place.

It has been said that insolvency practitioners (IPs) tend to be misunderstood and even less appreciated.

In answer to the question, "not quite". The use of Administration in Gibraltar for insolvent companies is a fairly recent, and in the case of insurance companies, an innovative use of this insolvency procedure.

The story of Rock Financial Services was indeed brief and spectacular, but by no means are the implications of the results achieved by the parties in any way scandalous.

Whether as a result of the influence of social media and in particular the speed at which information (as well as misinformation) travels, most governments' communication efforts...