Due diligence in Guernsey corporate and financing transactions
In the current economic climate, with concerns around companies’ liquidity and trading prospects, it is more important than ever that parties looking to acquire companies or assets, or enter into investment arrangements, undertake effective legal due diligence on the...
Force majeure and the impact of Covid 19
The World Health Organization has on March 11, 2020 declared the novel coronavirus (Covid-19) outbreak a worldwide pandemic, causing a catastrophic impact not only on countries’ health systems, but also on the global economy...
Directors’ Duties - “Upstreaming” and capital adequacy requirements
On 27 March 2020, the Guernsey Financial Services Commission (“GFSC”) issued a cautionary note in respect of upstreaming (https://www.gfsc.gg/news/article/directors-duties). Upstreaming meaning the flow of resources, such...
How might the Guernsey property market look post Covid-19?
In the last couple of months, due to the Covid-19 pandemic, citizens of the globe have experienced for the first time some completely new situations. In our Guernsey community, the position is no different. For example, our...
Covid-19 and wrongful trading
The impact of Covid 19 on businesses has already been significant, with several high profile businesses in the UK and the Channel Islands ceasing to trade or entering administration. The sudden drop in custom as a result of...
Reform of the Guernsey Insolvency Regime
In Autumn 2018 the States of Guernsey proposed changes to Guernsey’s corporate insolvency regime to come into effect in 2019. On 15 January 2020 the States of Guernsey enacted these changes with the passing of the Companies...
What the new Covid-19 Regulations mean for employment law
On 18th March 2020, the Civil Contingencies Authority enacted the Emergency Powers (Coronavirus) (Bailiwick of Guernsey) Regulations, 2020 (the Regulations). The Regulations contain wide-ranging powers in relation to islanders...
Ferbrache & Farrell LLP appoints new counsel in corporate and commercial department
Helen McGeoch, counsel with 20 years’ experience – 15 of which as a corporate lawyer in Guernsey – has joined Ferbrache & Farrell’s corporate and commercial department. Mrs McGeoch practices in all areas of corporate and...
Covid-19 Client Update
The States of Guernsey issued an Island wide self-isolation requirement with effect from 25 March 2020. This has meant that we have fully implemented our business continuity plan. The Ferbrache & Farrell team are now...
Capacity Law - what it means
Islanders in the Bailiwick of Guernsey will soon be able to plan for a time when their mental capacity may be impaired. The current legal position has not been refreshed for many years and does not allow for someone to decide...
Capacity Law moves a step closer
Mental capacity is very much front and centre in our community today. Back in March 2016, an important policy letter was laid before the States of Deliberation. It related to the introduction of a new ‘Capacity Law’ and was...