Insolvency & Restructuring
Our dedicated insolvency practice advises on Jersey, Guernsey and BVI law.
Working with leading legal and accountancy practices, we have extensive expertise in insolvencies with an international element and have advised on many significant cross-border insolvency cases, both contentious and non-contentious, as well as security enforcement, asset tracking, disclosure and freezing orders.
Our highly experienced team has also for a number of years been at the cutting edge of developing the law on assisting foreign office holders and from seeking assistance from the courts in other jurisdictions.
The highly acclaimed guide 'Jersey Insolvency & Asset Tracking' (5th Edition) edited by Bedell Cristin Partners Robert Gardner and Edward Drummond is available to purchase. For further details please click here.
Excellent understanding of commercial realities and cross-border issues, and always provide pertinent advice.Legal 500 2015
Their performance has been outstanding. Every lawyer I have worked with has been responsive, skilled and exceptionally knowledgeable.Chambers 2016
Bedell Cristin is a finalist in two categories of the prestigious STEP Private Client Awards 2017/18.
Bedell Cristin has been shortlisted for ‘Offshore Law Firm of the Year’ in the prestigious annual awards organised by The Lawyer.
Today ARIES, the Association of Restructuring and Insolvency Experts, being the Channel Islands member of INSOL International, has produced Guernsey Insolvency Practice Statements (“GIPS”). These are a voluntary initiative launched in Guernsey intended for ...
Two Bedell Cristin partners will be speaking at a seminar devoted to legal updates and developments in Jersey insolvency law and practice.
Bedell Cristin has been awarded the Offshore Client Service Award at the prestigious Chambers Europe Awards.
A new edition of an acclaimed book on insolvency in Jersey, Channel Islands, has been published which includes updated and enhanced analysis on a range of legal developments in the Island.
The management buyout of Bedell Trust has completed following regulatory approvals. As a result, Bedell Cristin is now a wholly separate business to Bedell Trust.
Bedell Cristin has appointed Advocate Kate Ovenden as the new Managing Partner of its award winning Guernsey office.
We act for the liquidators of a group of companies ultimately owned by a Jersey family trust.
Bedell Cristin, commercial litigation partner, Lisa Springate has been invited to speak at the annual Trusts Conference hosted by BL Events in Jersey, on 25 May 2016.
INSOL Channel Islands One Day Seminar - 9 June 2016
We acted for the Jersey borrowers in the Glengall Bridge group, which own development land in London worth in excess of £50m.
Bedell Cristin has acted for Joint Liquidators in the winding up of three Jersey companies ordered under Article 155 of the Companies (Jersey) Law 1991.
On 3 August 2015, the Privy Council has helpfully explained the nature of the credits and debits that apply when operating a bank account.
Insolvency and trust specialists will gather in Guernsey on Wednesday 9 September 2015 for a one day seminar looking at the issues affecting practitioners.
On 19 August 2015 the Royal Court of Guernsey issued an important Practice Direction concerning the information which will be required to accompany any future application for the appointment of a liquidator or administrator.
Bedell Cristin have acted on the recent successful restructuring of syndicated bank facilities of over $5 billion for United Company Rusal plc ("Rusal").
Bedell Cristin has been shortlisted in the prestigious STEP (Society of Trust & Estate Practitioners) Private Client Awards for 2015.
Bedell has been shortlisted in the ‘Offshore Law Firm of the Year’ category in the prestigious Asian Legal Business SE Asia Awards 2015 for the third consecutive year.
In Guernsey, collective investment schemes (open- or closed-ended) can either be "authorised" or "registered".
Bedell Crsitin has been shortlisted for a further industry awards adding to the accolades achieved to date this year.
Bedell Cristin Guernsey has been named Offshore Law Firm of the Year in the UK Captive Services Awards 2015.
Bedell has been recognised in a number of industry awards.
Bedell Cristin partners Anthony Dessain and Edward Drummond and Associate Jessica Bermingham have acted on the recent successful restructuring of syndicated bank facilities of over $5 billion for United Company Rusal plc ("Rusal"), a Jersey company listed o...
Mark Dunlop and Edward Drummond were speakers at the Institute of Law conference "The Enforcement of Creditors Rights'
We are pleased to announce our membership of the World Services Group (WSG) representing both Jersey and Guernsey in the Channel Islands. We are looking forward to working with other member firms and developing our membership.
Restructuring of syndicated bank facilities of over USD 5 billion for United Company Rusal plc
The first updates in six years to guidelines aimed at local directors will be discussed at a seminar and book launch being held by the Jersey branch of the Institute of Directors (IoD) next month.
Alasdair Davidson, assisted by Jon Barclay led the successful application in the matter of Esquire Realty Holdings Limited on 16 April 2014.
The Royal Court of Guernsey has delivered a landmark ruling in the matter of Esquire Realty Holdings Limited on 16 April 2014.
Jurisdictional issues in a globalised world – a Jersey view point
Bedell Cristin has been named ‘Offshore Law Firm of the Year’ at the Chambers Europe Awards for Excellence 2014.
The Royal Court of Jersey has determined a novel point of insolvency law in relation to the vesting of claims in a désastre, Jersey's unique bankruptcy regime for personal and corporate debtors.
INSOL Channel Islands One Day Seminar - 12 June 2014
The Channel Islands insolvency body, the Association of Restructuring and Insolvency Experts ('ARIES') has had its membership of the premier global insolvency body, INSOL International, ratified.
Bedell Cristin has appointed Rob Gardner and Edward Drummond as partners to further strengthen the firm’s top ranking litigation group in Jersey.
On 22 May 2013, the Court of Appeal of England and Wales delivered the reasoned judgment for allowing the appeal from the decision of the High Court of 12 April 2013 which we referred to in an e-alert dated 2 May 2013.
Acting for Deloitte LLP, the Joint Liquidators of numerous companies in the Belgravia Group.
For the first time the Royal Court of Jersey has given guidance on the issues facing trustees of trusts who find that they are unable to pay trust liabilities out of trust assets as they fall due, or where the trust liabilities exceed the trust assets. Whi...
There are two principal regimes for corporate insolvency in Jersey: désastre and winding-up. This Briefing seeks to highlight the major features of each and some of the differences between the two.
A Jersey company or one of its creditors may wish the company to be placed into administration in England under Schedule B1 of the UK's Insolvency Act 1986 (the "Act").
Insolvency office-holders appointed under a law or by a court outside Jersey will have no authority, as a matter of Jersey law, to act in Jersey. It is normal therefore for an application to be made for recognition of their appointment and authority to exe...
Bedell Cristin has acted for the Joint Liquidators in the winding up of three Jersey incorporated companies ordered under the Companies (Jersey) Law 1991 (the "Companies Law"). The winding up proceedings are particularly significant as they involved the su...
In everThe concept of administration under Guernsey insolvency law is a relatively recent one. Since the changes to Guernsey company law in 2008 it is now possible to obtain an administration order from the Royal Court in Guernsey. The purpose of such an or...
This article written by Edward Drummond discusses the merits of incorporating a rescue culture, and an appropriate procedure enabling rescue, into Jersey Law. Published in The Jersey and Guernsey Law Review, October 2015.
Alasdair Davidson looks at The Company Administration Regime in Guernsey - a Flexible and Creative Jurisdiction. Published in INSOL World 3rd Quarter 2014.
There has been continued growth in companies incorporated outside England using the scheme of arrangement regime contained in the UK Companies Act 2006 to restructure debts governed by English law. But in what circumstances should the debtor also initiate a...