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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Iain TuckerPartnerT +1 284 852

Adam ColePartnerT +44 (0) 1481 748

Nigel SandersPartnerT +44 (0) 1534 700

John O'DriscollPartnerT +44 (0)20 7220 4987john.o'