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STEP Virtual Lecture No. 2 – Ben Rhodes & Jamie Toynton, Grant Thornton
In January 2020, the States of Guernsey approved changes to Guernsey’s insolvency law, which are anticipated to come in to force shortly. The changes are wide-ranging and include: a requirement for liquidators of insolvent companies to be independent; greater consultation with creditors of insolvent companies; obligations for liquidators and administrators to report misconduct; and, greater powers for liquidators and administrators to obtain information.