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Jersey corporate insolvency procedures


The financial impact of the COVID-19 pandemic has put pressure on a wide range of structures and, as a result, lenders, borrowers and other counterparties are looking more closely at the impact of possible insolvency proceedings. As Jersey entities are often used in cross-border finance transactions, it is important to be aware of the differences between Jersey and English insolvency procedures for companies, trusts and limited partnerships.
What are the main Jersey insolvency procedures for a Jersey company?
The main Jersey insolvency procedures for a Jersey company are:
a creditors winding up under the Companies (Jersey) Law 1991 (the Companies Law). This is commenced by a special resolution of the shareholders. The procedure is broadly similar to a creditors voluntary winding up under the UK Insolvency Act 1986; and ....

United Kingdom , Jersey Financial Services Commission , Partnerships Law , Partnerships Jersey Law , United Kingdom Companies , Companies Law , Royal Court , Companies Jersey Law , United Kingdom Insolvency Act , United Kingdom Companies Act , Security Interests , United Kingdom Insolvency Rules , Contractual Subordination , Non Petition Provisions , Limited Partnerships , Limited Partnerships Law , Insolvency Proceedings , ஒன்றுபட்டது கிஂக்டம் , ஜெர்சி நிதி சேவைகள் தரகு , கூட்டாண்மை சட்டம் , கூட்டாண்மை ஜெர்சி சட்டம் , ஒன்றுபட்டது கிஂக்டம் நிறுவனங்கள் , நிறுவனங்கள் சட்டம் , அரச நீதிமன்றம் , நிறுவனங்கள் ஜெர்சி சட்டம் , ஒன்றுபட்டது கிஂக்டம் நொடித்துப்போனது நாடகம் ,

Jersey corporate insolvency procedures


The financial impact of the COVID-19 pandemic has put pressure on a wide range of structures and, as a result, lenders, borrowers and other counterparties are looking more closely at the impact of possible insolvency proceedings. As Jersey entities are often used in cross-border finance transactions, it is important to be aware of the differences between Jersey and English insolvency procedures for companies, trusts and limited partnerships.
What are the main Jersey insolvency procedures for a Jersey company?
The main Jersey insolvency procedures for a Jersey company are:
a creditors winding up under the Companies (Jersey) Law 1991 (the Companies Law). This is commenced by a special resolution of the shareholders. The procedure is broadly similar to a creditors voluntary winding up under the UK Insolvency Act 1986; and ....

United Kingdom , Jersey Financial Services Commission , Partnerships Law , Partnerships Jersey Law , United Kingdom Companies , Companies Law , Royal Court , Companies Jersey Law , United Kingdom Insolvency Act , United Kingdom Companies Act , Security Interests , United Kingdom Insolvency Rules , Contractual Subordination , Non Petition Provisions , Limited Partnerships , Limited Partnerships Law , Insolvency Proceedings , ஒன்றுபட்டது கிஂக்டம் , ஜெர்சி நிதி சேவைகள் தரகு , கூட்டாண்மை சட்டம் , கூட்டாண்மை ஜெர்சி சட்டம் , ஒன்றுபட்டது கிஂக்டம் நிறுவனங்கள் , நிறுவனங்கள் சட்டம் , அரச நீதிமன்றம் , நிறுவனங்கள் ஜெர்சி சட்டம் , ஒன்றுபட்டது கிஂக்டம் நொடித்துப்போனது நாடகம் ,