Recently, the Royal Court has, for the first time, considered the interrelationship between foreign insolvency proceedings and désastre in Guernsey affecting trustees in bankruptcy looking to gather in a bankrupt’s Guernsey assets. The case also gives useful guidance as to when the assets of a debtor no longer form part of the debtor’s estate during a désastre.

Concurrent insolvency proceedings were on foot in Guernsey and England in respect of the same individual….

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