International Corporate Rescue
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Vol 16 (2019) - Issue 3
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Guernsey Letter of Request: Guidance from the Royal Court
Mathew Newman, Partner, and Sam Dingle, Managing Associate, Ogier, Guernsey, Channel IslandsSynopsis
The Royal Court of Guernsey has clarified its approach to the issuance of a letter of request to the High Court, seeking that it act in aid of and auxiliary to the Royal Court pursuant to section 426 of the Insolvency Act 1986, in recognising the appointment of Joint Administrators of a Guernsey-registered company. The removal of any residual doubt as to how the Royal Court of Guernsey might deal with such an application is a helpful development in the island, to be welcomed by practitioners, office-holders and creditors alike.
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