Archive for July 2024

The Gibraltar Financial Services Commission (GFSC) remains silent on the ongoing issue of Castle Trust and Management Services Ltd (CTMS), now in liquidation. This lack of communication suggests the GFSC is either unwilling or unable to provide meaningful direction or assistance to the victims of CTMS. Gibraltar is supposed to be a safe haven for…

In the world of insolvency, a winding up petition holds significant importance. When a company has received a statutory demand (SD) and fails to raise a legitimate dispute or make payment, the creditor can proceed with a winding up petition. This article delves into the essence of winding up petitions, their process, and the implications…