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Restructuring Notice

Full Tilt Poker

The Alderney Court orders the just and equitable winding up of Full Tilt Poker Companies

The Court of Alderney recently ordered that a group of Alderney companies previously carrying on the business of the online poker site Full Tilt Poker (the Full Tilt Alderney Companies), be wound up on the grounds that they had lost their substratum and it was in the public interest and reputation of the States of Alderney and the Bailiwick of Guernsey that they be wound up.

The judgment is of significant interest as the Alderney Court was called upon for the first time to consider the standing of applicants for a compulsory liquidation order on the basis that they have "a legitimate and substantial interest in making the application" pursuant to section 127(1) of the Companies (Alderney) Law 1994.