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Ogier | Guernsey | 23 Sep 2021

Fund finance: Guernsey perspectives and updates

The global fund finance market has shown much resilience over the past 18 months. This article outlines the recent developments in Guernsey's fund finance market, including with regard to security and investor notices as well as general partner commitment and net asset value facilities.
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Ogier | Guernsey | 15 Sep 2021

Guernsey: employment law update

In Guernsey, the "Your Island Pension" scheme, which was due to be set up from January 2022, has been delayed due to the challenges of Brexit and the covid-19 pandemic. In other news, the government has confirmed that the payroll co-funding scheme, which has provided financial support for Guernsey businesses during the covid-19 pandemic, will be closed in September 2021. This article provides......
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Ogier | Guernsey | 9 Sep 2021

Guernsey: employment law update

In Guernsey, the "Your Island Pension" scheme, which was due to be set up from January 2022, has been delayed due to the challenges of Brexit and the covid-19 pandemic. In other news, the government has confirmed that the payroll co-funding scheme, which has provided financial support for Guernsey businesses during the covid-19 pandemic, will be closed in September 2021. This article provides......
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Ogier | Guernsey | 19 Aug 2021

Guernsey's local market housing boom – what does it mean for first-time buyers?

The past year has seen no shortage of media coverage about Guernsey's "runaway" housing market and its "unrelenting" rise in property prices. However, is there more to the statistics than the headlines suggest? As the effect on the economy of the lockdown put in place as a response to the covid-19 pandemic unfolds and restrictions lift, it is going to be an interesting year for the local......
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Ogier | Guernsey | 30 Jul 2021

Economic substance extended to certain partnerships

In a further amendment to the economic substance regulations, the Income Tax (Substance Requirements) Implementation Regulations 2021 recently came into force. The main amendment to the economic substance regime is that the regulations will apply to certain newly formed Guernsey partnerships as of 1 July 2021 and many other Guernsey partnerships that existed on 30 June 2021 from 1 January......
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Ogier | Guernsey | 29 Jul 2021

Economic substance extended to certain partnerships

In a further amendment to the economic substance regulations, the Income Tax (Substance Requirements) Implementation Regulations 2021 recently came in to force. The main amendment to the economic substance regime is that the regulations will apply to certain newly formed Guernsey partnerships as of 1 July 2021 and many other Guernsey partnerships that existed on 30 June 2021 from 1 January......
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Ogier | Guernsey | 23 Jul 2021

Snapshot: enforcement against personal property in Guernsey

To proceed against a debtor's personal property in Guernsey, customary law remedies are used. These start with the arrest of a debtor's goods and enable all creditors to share in the proceeds in the event that the monies owed are greater than the debtor's assets. If there are several creditors and insufficient funds from the proceeds of the auction, désastre proceedings will be commenced.
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Ogier | Guernsey | 22 Jul 2021

Snapshot: enforcement against personal property in Guernsey

To proceed against a debtor's personal property in Guernsey, customary law remedies are used. These start with the arrest of a debtor's goods and enable all creditors to share in the proceeds in the event that the monies owed are greater than the debtor's assets. If there are several creditors and insufficient funds from the proceeds of the auction, désastre proceedings will be commenced.
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Ogier | Guernsey | 16 Jul 2021

Guernsey cross-border insolvency: assisting foreign insolvency office holders

Guernsey is a jurisdiction that is used to dealing with cross-border issues and has developed practical tools to assist foreign office holders in collecting in assets located in Guernsey or interviewing former directors of companies in an insolvency process. Guernsey can help these foreign office holders using section 426 of the Insolvency Act 1986 or the common law.
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Ogier | Guernsey | 15 Jul 2021

Guernsey cross-border insolvency: assisting foreign insolvency office holders

Guernsey is a jurisdiction that is used to dealing with cross-border issues and has developed practical tools to assist foreign office holders in collecting in assets located in Guernsey or interviewing former directors of companies in an insolvency process. Guernsey can help these foreign office holders using section 426 of the Insolvency Act 1986 or the common law.
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