A JERSEY doctor who was facing claims from creditors of more than £300 million is applying to no longer be deemed bankrupt.Dr Gail Cochrane was officially […]
Gerald Smith has won agreement from a judge to issue a “certificate of inadequacy” after the Serious Fraud Office accepted that he will be at least £30 million short of clearing his arrears. The let-off for Smith was agreed during a commercial court hearing in London over the ownership of tens of millions of pounds of assets obtained in deals conducted by him and others, including the Formula One investor Andy Ruhan. The Serious Fraud Office is seeking to win the right to some of the money, which includes millions of pounds worth of homes in London and elsewhere, and the remaining proceeds of a series of complex property deals carried out via a web of transactions involving offshore companies and intermediaries.