The creditors of a company in financial distress are often faced with various options. A debtor company can either be liquidated, placed in business
The slow tightening of solvency requirements due to the 2008 market crisis may place regional insurers under financial strain. This update provides
IntroductionThe Singapore High Court has confirmed that it will recognize the status and powers of a foreign liquidator in the liquidation of an unregistered foreign company in Singapore.
This judgment of the Royal Court in Jersey illustrates circumstances in which the court has been prepared to exercise its jurisdiction to order that a company be wound up on the grounds that it is just and equitable so to do.
During the course of last year, serious concerns led the JFSC to replacing the board of local trust company, Centurion Management Services Limited.
With an increasing number of insolvency proceedings before it, the Jersey courts have recently seen several cases involving court appointed liquidators.
The insolvency of UK insurance companies is, fortunately, a fairly rare event.
In these very challenging times, companies are under considerable pressure to ensure that remuneration strategies incentivise good, risk-balanced management which aligns investors’ interests with those of executives and employees.
Many of our clients wonder if, and how, the meltdown of AIG will affect them.