Restructuring and Insolvency in Jersey: Overview | Practical Law

Restructuring and Insolvency in Jersey: Overview | Practical Law

A Q&A guide to restructuring and insolvency law in Jersey.

Restructuring and Insolvency in Jersey: Overview

Practical Law Country Q&A 2-505-7561 (Approx. 22 pages)

Restructuring and Insolvency in Jersey: Overview

by Peter German and Marcus Pallot, Carey Olsen
Law stated as at 01 Mar 2022Channel Islands-Jersey
A Q&A guide to restructuring and insolvency law in Jersey.
The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform.