Setting a Precedent: Jersey's First Wrongful Trading Order

A note on In the matter of Restore Builders Limited En Désastre [2024] JRC 290.

The Royal Court of Jersey has recently held, for the first time, that the actions of a Jersey company director constituted wrongful trading and ordered that he be personally liable for the company's debts and disqualified as a director for ten years.

Introduction

Filed under:
Jersey, Company & Commercial, Insolvency & Restructuring, Litigation, Mourant Ozannes
Authors:
Bruce Lincoln , Jon Woolrich , Stephan Venter
Location:
Jersey
Firm:
Mourant Ozannes