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On 18 January 2021, the Royal Court of Jersey handed down a
judgment which materially contributes to the use of court-appointed
receiverships in the Island.
In what is believed to be a first, Collas Crill successfully
applied for the appointment of Alan Roberts and James Toynton of
Grant Thornton (together, the Receivers), in order to recover the
sums due under a promissory note, with a face value in excess of
€52,000,000 as part of the well-publicised Crociani saga.
The Receivers appointment led to a world-wide enforcement
effort, with the Receivers coordinating cross-border legal actions