ARTICLE
10 March 2023

Companies - Just And Equitable Winding Up

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Collas Crill

Contributor

Collas Crill is an offshore law firm with offices in BVI, Cayman, Guernsey, Jersey and London.

We deliver a comprehensive range of legal services to clients locally and globally in four broad practice areas: Financial Services and Regulatory; Insolvency and Corporate Disputes; Private Client and Trusts; and Real Estate.

Clients include some of the world’s leading financial institutions, international businesses, trusts and funds, as well as high-net-worth individuals and families across the globe. We continue to build a network of independent and trusted partners around the world including the Caribbean, the Channel Islands, the UK, Europe, the US, the Middle East, South Africa and Asia.

Lynne Calder, Of Counsel in the Jersey Dispute Resolution team, was appointed by the Royal Court of Jersey as Amicus Curiae in a case involving an application for the winding...
Jersey Corporate/Commercial Law

Lynne Calder, Of Counsel in the Jersey Dispute Resolution team, was appointed by the Royal Court of Jersey as Amicus Curiae in a case involving an application for the winding up of a company on the "just and equitable" basis under Article 155 of the Companies (Jersey) Law 1991.

It was an unusual case in that it was in respect of a solvent company. There was said to be a loss of confidence on the part of the minority shareholder in the probity and impartiality of the majority shareholder, the latter also being the only director.

The application was granted, this case being another example of the Court's flexible approach to applications of this type in the ever-changing landscape of insolvency law on the island.

Read the full judgment online here or download it as a PDF.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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