Insolvency Experts Create New Association For Industry

Guernsey Evening Post – A NEW industry body for experts in the field of restructuring and insolvency is being set up in the Channel Islands.

Aries, the Association of Restructuring and Insolvency Experts, is offering membership to solicitors and advocates, accountants and financial advisors, business turnaround consultants, lenders, investment bankers, trustees and others with an interest in the subject.

‘The establishment of Aries has been warmly welcomed by the professionals practising insolvency in the Channel Islands, with all of the major accounting and law firms actively supporting its formation,’ said Tim Le Cornu, managing director of KRyS Global and a member of the Aries executive committee, pictured.
‘Aries will provide an additional avenue of representation in the field of restructuring and insolvency, training and professional development, and a formally organised body for government and regulators to discuss matters of mutual interest.’

Mr Le Cornu said the association aimed to become the pre-eminent voice of the industry and would promote the islands on the world stage, particularly through membership of Insol International, a world-wide federation of national associations for accountants and lawyers who specialise in restructuring and insolvency, which has more than 9,000 members.