ISOLAS LLP Partner, James Montado, and Associate, Michael Adamberry, have contributed to the Gibraltar chapter of the Chambers Insolvency Guide.
The guide features 44 jurisdictions and provides expert legal commentary on out-of-court restructurings and consensual workouts; secured and unsecured creditor rights, remedies and priorities; statutory restructuring, rehabilitation, reorganisation, insolvency and liquidation proceedings; and the duties and personal liability of directors and officers of financially troubled companies.
The Gibraltar chapter offers an overview of the different facets of corporate insolvency and clarifies a number of points regarding the market trends and statutory environment in Gibraltar, as well as the practical effects of the COVID-19 measures introduced though the recent amendments to the Insolvency Act 2014.
James Montado commented: “We are pleased to have been able to contribute to the Chambers Insolvency Guide alongside experts from other jurisdictions. We hope the information contained within our Gibraltar chapter will provide helpful guidance to both companies and creditors alike whether they be locally based or international. Much of the insights given on current trends and developments is very much built upon the foundations and experiences of our team which has, in recent years, been involved with the majority of Gibraltar’s high profile and complex insolvencies.
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