Begbies Traynor Group Offshore News

Posted On: 20th April 2022
Begbies Traynor Group Offshore News

It is now almost 15 months since Begbies Traynor Group acquired CVR Global, and began its international expansion.

The integration of the firms, together with that of David Rubin & Partners is well progressed, and the overseas offices are now joining the Group brand. As we get into the final stages of the integration, we will be holding a series of client receptions in each of the offshore jurisdictions. The first of these, in Gibraltar, is now set for 9 June; more details of this will follow.

As some of you may already know, Wes Edwards is moving to pastures new, and departs in early May. As we rebrand to Begbies Traynor Group, and prepare to move to new offices at Waters Edge, we are also announcing a new appointment taker on the island.

Brian Simpson, with 13 years at Begbies Traynor Group, is moving over to lead the office. Brian spent three months working in Tortola last year, and was keen to go back, so the opportunity was one that he enthusiastically welcomed.

We are travelling to BVI on 18 April and will be in the office from 20 April, when we will begin getting out and about to meet the local business community.

Brian Simpson
Brian is a licensed insolvency practitioner and qualified accountant.

Having joined the insolvency and restructuring profession via a Big 4 firm, he moved to Begbies Traynor Group in 2009 to manage a wide variety of cases, since accumulating over 20 years' experience involving cases with cross jurisdictional, litigation, and asset tracing aspects.

Most recently Brian managed the trading administration of a bridging lender with AUM in excess of £600m, subsequently rescued through a UK Companies Act Restructuring Plan scheme of arrangement - a first for both SMEs and as an exit route from Administration.

Brian is a member of the Insolvency Practitioners Association and the Institute of Financial Accountants.

It is now 18 months since we opened a staffed office in Gibraltar and it is going from strength to strength; led by Joanne Wild, we were recently joined by Gianni Chipolina.

Gianni is an administrator and supports the international team across all of its offices.

The Gibraltar office is currently undertaking only the second Protected Cell Company administration following an appointment by the Supreme Court of Gibraltar. The law surrounding this area is very much in its infancy and the case already has an application pending before the Court of Appeal.

This month has seen some significant changes in Jersey insolvency law, both in the law itself, and the way in which is it operated in the jurisdiction.

Since 1 March 2022 the Jersey Courts have, for the first time, permitted creditors' applications for winding-up, giving a more focused alternative to the previously limited options.

In addition, the island has changed the way in which Insolvency Practitioners are regulated. The island now has its own regulation programme, and permits resident and non-resident practitioners to be registered.

Our own Adrian Rabet is registered as a resident liquidator, and Adrian Hyde is registered as a non-resident liquidator.

Posted By: BTG Global Advisory

Posted On: 20th April 2022

BTG Global Advisory is one of the world’s largest specialist independent financial advisory alliances.