Jersey: Financial Restructuring

Jersey's Companies Law has been amended to introduce administration, a corporate rescue process that enables restructuring of viable businesses while preserving secured creditor rights. This comprehensive modernisation provides Jersey with its first true rescue mechanism, positioning it alongside other leading restructuring jurisdictions and offering an alternative to the previously necessary practice of passporting companies into UK administration.

On 19 June 2026, Jersey introduced a corporate administration regime through the Companies (Jersey) Amendment No. 2 Law 2026.

Jersey law enables the creation of protected cell companies (PCCs) and incorporated cell companies (ICCs), which allow for the segregation of assets and liabilities within separate cells. While PCC cells share a single legal identity with the parent company, each ICC cell operates as an independent legal entity, offering distinct advantages for structuring complex financial arrangements.

In the last of a three-part series on Jersey and Guernsey law in the New Law Journal, Senior Associate Karen Stachura provides an overview of restructuring procedures available in the Channel Islands...

Reports last week of the significant increase in corporate insolvencies and voluntary liquidations in England and Wales for Q2 demonstrate the combined impact of government COVID-19 support being withdrawn, soaring energy and fuel costs, ...

With a sharp global increase in energy costs, localised inflation at record highs and interest rates trying to offer some counterbalance to the soaring costs of living driven by the...

As the impact of the Covid-19 pandemic deepens and a prolonged "U" shaped recession looks increasingly more certain...

Insolvency professionals have watched with great interest as the Corporate Insolvency and Governance Bill (the Bill) was recently published by UK Parliament.

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