In the recent decision of BTI 2014 LLC v Sequana SA and others, the English Court of Appeal issued helpful guidance regarding the question of when the directors of a company in financi...Read More
On the brink of insolvency: When should directors consider the interests of creditors?
In the recent decision of BTI 2014 LLC v Sequana SA and others, the English Court of Appeal issued helpful guidance regarding the question of when the directors of a company in financi...
07 June 2019
2-REG aircraft registry reaches 500 aircraft
The States of Guernsey Aircraft Registry 2-REG has registered its 500th aircraft. The key milestone took little more than five years from the registry’s launch in December 2013. “Exceeding t...
08 May 2019
Guidance on Guernsey's economic substance requirements published
On Friday 26 April, the States of Guernsey published its guidance on economic substance, having consulted with industry to clarify legislative and reporting requirements to meet the EU Counc...
29 April 2019
Oak acquires IAG on day of deals in Guernsey
Guernsey-headquartered Oak has completed the acquisition of a fellow Guernsey business, corporate services and fund administration group International Administration Group (IAG). IAG was found...
25 April 2019
Zone of insolvency – Directors in the firing line
2018 saw a number of high-profile insolvencies around the world. That trend is expected to continue this year with many sectors facing an extremely challenging trading environment and the ...
28 March 2019
Guernsey features in new UN green and sustainable finance report
Guernsey is part of an international movement driving the transition to a low-carbon economic model, highlighted at a high-level conference on sustainable finance taking place in Brusse...
21 March 2019
Guernsey satisfies EU business substance requirements
Guernsey’s global competitiveness as a finance sector has been further enhanced following confirmation from the EU Council’s Code of Conduct Group and the European Council of Finance Ministe...
12 March 2019
EU reaffirms Guernsey as a co-operative Jurisdiction
The States of Guernsey has published its own response to the ECOFIN confirmation on Guernsey's response to legal economic substance requirements in tax governance The Economic and Financi...
12 March 2019
Open Letter to the signatories of amendments NC3, NC4 and NC5 to the Financial Services (Implementation of Legislation) Bill
Guernsey's Chief Minister Gavin St Pier has written an open letter to MPs regarding proposed amendments NC3, NC4 and NC5 to the Financial Services (Implementation of Legislation) Bill De...
06 March 2019
Guernsey welcomes deferral of the Financial Services (Implementation of Legislation) Bill
The constitutional position of the Crown Dependencies with the UK Government needs to be better understood by Parliamentarians following the UK Government’s decision to defer debate on i...