Overview
Administration is the most encountered process in the corporate insolvency process. Distributing and buying the business and assets of an insolvent company has unique characteristics compared to a standard business transaction. The highly skill team at Evander can assist with the key requirements of each stage of the process.
Whilst foreign insolvency or restructuring proceedings do not apply in Guernsey, Section 426 of the UK Insolvency Act 1966 has been extended to Guernsey by the Insolvency Act 1986 (Guernsey) Order, 1969, and as such Guernsey Royal Court can assist with insolvency matters to the courts in:
· England and Wales, Scotland, Northern Ireland, the Isle of Man and Jersey.
Guernsey courts will also assist with foreign insolvency proceedings under common law in circumstances where the court can effectively cooperate with the foreign jurisdiction, and more specifically if there are established sufficient connections.
Our Services
Closures and Restructuring: As a wealth management business that specialises in dealing with large scale projects from closing banking books to business closures. We have experience in creating prepack liquidations for licenced businesses.
Administrators – Evander cam act as court appointed officers when insolvency occurs. As appointed administrators the team are trained to identify assets which are part of multi-jurisdictional structures.
Sufficient Connections – Our team can create packs and succinct Management Information on jurisdiction information; centre of main interest/interest/principal place of business; asset location; review of legal documents; and insights into economic activities of the insolvent companies.
Administration – Evander can assist with any of the non-contentious matter’s pre- liquidation including schemes of arrangement in order to effect "in court" restructuring. We have the experience and the capacity to manage a variety of structures ranging from complex and expansive cross-border groups to single entities.
Directorship - When circumstances prevail and Evander can assist with providing contingent directors who can bring a wealth of experience to any company who is facing insolvency. With our specialist knowledge and impartiality, we seek to drive realistic realisation strategies and communicate effectively with all stakeholders. Our presence on a board, often replacing existing directors, also provides comfort to investors as an alternative to formal insolvency proceedings
Why Choose us?
As a company who supports the administration of voluntary and compulsory insolvency cases in Guernsey, Evander can assist in marketing companies and ensure that any marketing campaign reiterates that its services will ensure that the best available consideration is obtained which is a key factor in providing reassurance to creditors. Our marketing team is always able to justify the adequacy and reasons underpinning the marketing strategy, which is always proportionate to the nature and size of the companies that we market. The segmentation process that Evander uses ensures that the widest group of viewers is available utilising multimedia channels to achieve positive outcomes.
