Appleby's Guernsey dispute resolution team represented Standard Chartered Trust (Guernsey) Limited (SCTG) in successfully obtaining an order from the Royal Court of Guernsey placing SCTG and its five Guernsey subsidiaries (together the Group) into compulsory liquidation. The Group was a licenced provider of fiduciary and corporate services.
The winding up application formed the final phase of the Group's cessation of business in Guernsey, announced in July 2016, as part of Standard Chartered Bank's (SCB) centralisation of its trust and fiduciary services offering to Singapore.
Appleby's team in Guernsey consisted of Advocate Anthony Williams, Partner and Head of Appleby's Guernsey dispute resolution team, Andrew Murphy, Senior Associate and Jarrad Knoetze, Associate. Appleby worked alongside the Group, Standard Chartered Bank and Deloitte LLP. Alex Adam, Andy Wood and Stephen Browne of Deloitte LLP were appointed as the Joint Liquidators.
Speaking on the transaction, Advocate Anthony Williams commented; "We are delighted to have advised SCTG and SCB on this deal. It is the culmination of a phased wind down of its business in Guernsey and is a demonstration of our expertise in dealing with matters of this nature."
Appleby's Dispute Resolution teams provide advice on every aspect of the law and act on a full range of legal issues, often dealing with high-profile, sophisticated and complex disputes. Appleby are experts in the resolution of every type of commercial and civil dispute, whether through litigation or arbitration and alternative dispute resolution. It's team includes experienced advocates with rights of audience, who litigate at all levels of the court system. This includes the Privy Council; the final court of appeal for all eight of the jurisdictions where we practice. Appleby also have significant experience in providing legal expertise to support disputes in other jurisdictions.
Originally published May 26, 2020.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.