On Corporate Insolvency matters

At Charles Gomez & Co we have ample experience in representing clients with Company and/or Personal insolvency matters. Whether you need representation in regard to collecting a debt or enforcing judgment or whether you require representation against a Creditor or an administrative body, at Charles Gomez & Co you will find that we stand apart and always provide qualitative, efficient and professional legal representation with the utmost independence and discreetness possible. For the past three decades we have been involved in a number of liquidations (compulsory and voluntary) and have also acted in matters of Bankruptcy.

Liquidations

Gibraltar Insolvency law is considerably different from that of England & Wales. The law of Corporate / Company Insolvency in Gibraltar is contained primarily in the Gibraltar Companies Act 1930 and the Companies (Winding-up) Rules 1929.

At Charles Gomez & Co we pride ourselves in having acted for numerous types of clients whether they be Creditors or Liquidators. Liquidations, like divorce, are conventionally quite stressful events, and therefore in order to ensure a compliant and efficacious dissolution to a Company we aim to always keep our clients fully advised throughout particularly with regards to what procedural steps are required to be taken. We have carried out and assisted in small and large scale liquidations and where necessary we work closely with consultants, accountants and administrators, particularly in liquidations which feature an overseas aspect.

Rescue and Reorganisation

Charles Gomez & Co currently advise clients who are in the brink of Compulsory Liquidation but at the same time we look for ways to avail our clients of pursuing possible rescue avenues. Our consultants on matters of finance and debt re-structuring are always close at hand and together with our experienced legal team we enjoy a reputation within the business community as the natural choice for these specific types of legal representation.

The law of Bankruptcy and Liquidations in Gibraltar draws from legislation dating back to 1930 and there has been pressing need over the years for a modernised and updated piece of legislation more in line with the UK Insolvency Act 1986 and 21st Century practices. Both areas of law are now in the midst of a considerable legislative overhaul in view of their outdated applicability and the onset of legislative changes in the UK and the European Union. In 2011, the Gibraltar Parliament published a new Insolvency Bill which has yet to become an official Act of Parliament. This new Act will no doubt be a landmark in Gibraltar since it will invariably affect financial institutions, businesses and the commercial sector in Gibraltar. This new Act will, for the most part, replace the relevant section of the Companies Act 1932 and the Bankruptcy Act 1934 and consolidate the laws dealing with Liquidations, Administrations, Corporate Malpractices and Bankruptcies into one single Act.

For more information please contact us on 200 74998 or email info@gomezco.gi

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