Friday, 9 March 2018

Guernsey: company wound-up for failure to provide member with accounts

The Royal Court (Ordinary division) gave judgment towards the end of February in In the Matter of Canargo Ltd (Judgment 13/2018). A copy of the judgment is available here (but note that registration, free of charge, is required to access the judgment). The decision is of interest because it appears to be the first application before the Royal Court to place a company into liquidation on the ground of its failing to provide a member with a set of accounts as required by section 251 of the Companies (Guernsey) Law, 2008. The application was granted.

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