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Appleby
As the impact of the Covid-19 pandemic deepens and a prolonged "U" shaped recession looks increasingly more certain...
Jersey
Ogier
Rumours that a company is in the zone of insolvency may create a race to the assets, with potential creditors or interested parties commencing proceedings ...
Collas Crill
The below article, written by Collas Crill's Of Counsel in Jersey Sam Williams and first published on Lexis PSL, provides an update on the latest developments in the Z Trusts insolvency case...
Ogier
In the current COVID-19 environment it is likely that there will be more businesses becoming insolvent.
Collas Crill
The Royal Court's latest judgment on an application to approve liquidators' fees demonstrates a strong and thorough approach to protecting creditors.
Appleby
Insolvency professionals have watched with great interest as the Corporate Insolvency and Governance Bill (the Bill) was recently published by UK Parliament.
Ogier
Private wealth structures are not immune from insolvency. Here we examine the Jersey and Guernsey position from the trustee's perspective and consider the issues with which a trustee
Collas Crill
Jersey is a popular international finance centre because it is well regulated, creditor friendly and has modern and flexible legislation. It is home to a large number of asset holding vehicles...
Ogier
Jersey imposed travel restrictions in response to the Coronavirus crisis in March 2020 and has been operating a full lockdown for all residents, apart from essential workers, since 30 March.
Collas Crill
Désastre proceedings are a Court initiated insolvency procedure that is used to liquidate an insolvent company.
Ogier
If a company is insolvent, it is either not able to pay its debts as they fall due, or its assets are less than its liabilities.
Ogier
As governments around the world look to bring forward packages of measures to help companies deal with COVID-19 related insolvency issues.
Bedell Cristin Cayman Partnership
There are two principal regimes for corporate insolvency in Jersey: désastre and winding-up.
Collas Crill
Jersey is a popular place to establish an asset holding company because the Companies Law is modern, flexible and modelled on English companies legislation.
Appleby
Once upon a time the high street was packed with household names. High footfall, consumer confidence and disposable income all made for fairy-tale returns for retailers and landlords alike.
Bedell Cristin Cayman Partnership
Jersey law security over Jersey intangible movable property such as shares, units and bank accounts is taken by way of a security interest
Walkers
Many readers will have heard about the Z Trust litigation in Jersey, which has implications for trustees in the event that the trusts that they work with become insolvent.
Ogier
Ogier's newest associates Graeme Loarridge, Melanie McKernan and Richard Parrish have all been admitted to the Cayman Bar.
Walkers
The insolvency regime in Jersey is an interesting mix of English law and Norman customary law influences.
Walkers
In times of financial pressure, it is not unheard of for companies to enter into transactions that turn out, with the benefit of hindsight to be far more disadvantageous than understood, or to act in ways which when reviewed down the line can take on a questionable complexion.
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