Enforcing security over Guernsey real property
16 July 2019
In Guernsey, proceedings to enforce a general bond, judgment debt or other security registered against a property are known as 'saisie proceedings'. By a saisie, the Principal Creditor seeks that the Debtor's real property be vested in the Principal Creditor in satisfaction of the debt due and owing to that creditor. The procedure is governed in Guernsey by the Saisie Procedure (Simplification) (Bailiwick) Order, 1952.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
