Setting Aside Company Transactions Involving Jersey, Guernsey and BVI Companies

Financial pressure can change perspectives on transactions - whether through the lens of an insolvent winding up, in the context of a counterparty or related interested party exploring ways in which they might unravel a transaction, or a new board considering whether a company can extricate itself from contractual arrangements that appear to have been subject to a conflict of interest or which were for an improper purpose. It is hard to draw bright lines in terms of what deals will or won’t be susceptible. However, there are common legal provisions and rules that exist and in this note we summarise some of the principal routes in Jersey, Guernsey and BVI law which might be pursued to undo past transactions in different corporate contexts.

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BRITISH VIRGIN ISLANDS
Iain TuckerPartnerT +1 284 852 2230iain.tucker@walkersglobal.com

GUERNSEY
Adam ColePartnerT +44 (0) 1481 748 912adam.cole@walkersglobal.com

JERSEY
Nigel SandersPartnerT +44 (0) 1534 700 862nigel.sanders@walkersglobal.com
Fritha FordSenior AssociateT +44 (0) 1534 700 899fritha.ford@walkersglobal.com

LONDON
John O'DriscollPartnerT +44 (0)20 7220 4987john.o'driscoll@walkersglobal.com
Emma HillSenior AssociateT +44 (0)20 7220 4970emma.hill@walkersglobal.com