Channel Eye
Westminster Asset Management
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Financial Services
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing at Work
  • Careers
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Isle of Man
    • Events in Alderney & Sark
    • Virtual events
    • All events
    • Past Events
  • Lifestyle
    • Arts & Culture
    • Charity & Community
    • Education
    • Food & Drink
    • Health & Wellbeing
    • Home
    • Leisure
    • Travel
  • Location
    • Jersey
    • Guernsey
    • Isle of Man
    • Alderney & Sark
  • Advertise
  • Subscribe
No Result
View All Result
Channel Eye
No Result
View All Result
Westminster Asset Management
Home Business

IoD seminar looks at impact of £1billion Guernsey court case

January 3, 2018
in Business, Guernsey, Legal & Professional Services
Share on LinkedInTwitterFacebookEmail

The next seminar in the Guernsey Institute of Directors’ winter series, sponsored by JT, will look at whether the conclusion of the much-publicised Carlyle Capital Corporation case raises or lowers the bar for company directors.

The Carlyle case ended in Guernsey’s Royal Court in September, when senior executives at US-based The Carlyle Group were cleared of negligence in a seven-year case brought against them by liquidators valued at more than £1billion, making it the largest case in the island’s history.

Graeme Millar, CEO of JT, said: “We are pleased to once again be supporting the IoD to provide topical events for its membership. The second in the series discusses the outcome of the lengthy Carlyle case, which attracted international media attention and its implications are far reaching. It’s great to see IoD Guernsey getting together to cover areas of such relevance to the business community.”

The action related to the collapse of Guernsey investment fund Carlyle Capital Corp (CCC) in 2008 in the wake of the global financial crash, and related to US$23 billion that the respondents borrowed in mortgage-backed securities, leading to around US$1billion total losses for investors.

The case, specifically for breach of duty and wrongful trading, was brought by liquidators for CCC, and the respondents included Bill Conway, a co-founder of the global investment group.

While the judgment has provided clarity in respect to certain obligations of directors, the seminar will fully discuss the implications for executive and non-executive directors. Does it bring comfort to them or raise the prospect of more litigation? And do the rewards of leadership still outweigh the risks?

In the panel session, lawyers Gareth Bell and Ian Swan – who represented non-executive directors and directors respectively in the Carlyle case – will discuss its implications and draw on other leading cases in this area.

They will be joined by independent directors Anne Ewing, Peter Mills and Rupert Dorey, who will add their own experiences, knowledge and backgrounds to the discussion.

The seminar will be held on 26 January in the Dorey Room at St James, 12.30pm to 2pm. To book a space, visit www.iod.gg/events

ShareTweetShareSend

Channel Eye Media

Related Stories

Alex Ruddy
Wellbeing at Work

Chamber and IoD team up with Mind Jersey

June 4, 2025
Justin Bellinger
Leadership

IoD Guernsey May webinar focuses on innovation and economic resilience

May 23, 2025
Jersey Chamber notes freight service disruption due to Muratti football charter
Transport

Jersey Chamber notes freight service disruption due to Muratti football charter

May 14, 2025
Next Post

Watch: Guernsey's first public electric car charging stations now live

KPMG
Channel Eye subscribe
  • Channel Eye Careers
  • Channel Eye
  • Channel Eye Careers
  • Channel Eye Careers
  • List your event
  • Channel Eye Careers
  • Channel Eye

Be the first to know​

Subscribe to the essential islands business news, direct to your inbox every morning​
Channel Eye Careers
  • Business
  • Careers
  • Events
  • Lifestyle
  • Subscribe
  • Advertise
  • Privacy Policy
  • Contact

©2025 Channel Eye Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Financial Services
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing at Work
  • Careers
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Isle of Man
    • Events in Alderney & Sark
    • Virtual events
    • All Events
    • Past Events
  • Lifestyle
    • Arts & Culture
    • Charity & Community
    • Education
    • Food & Drink
    • Health & Wellbeing
    • Home
    • Leisure
    • Travel
  • Location
    • Jersey
    • Guernsey
    • Isle of Man
    • Alderney & Sark
  • Advertise
  • Subscribe
  • Contact

©2025 Channel Eye Limited.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.