The liquidity crisis has increased the need for creative procedures to avoid sudden death bankruptcy in order to salvage existing value.
A Jersey company or a company incorporated elsewhere but administered in Jersey may become involved in insolvency procedures under Jersey law or the law of a jurisdiction outside Jersey.
Jersey, Insolvency & Restructuring, Bedell Cristin, Bankruptcy, Shareholder, Debtor, Ex parte, Liquidation, Moratorium, Liquidator (law), UNCITRAL
The Statutory Position:
The provisions governing the recognition of a foreign (including a UK) insolvency office holder under Jersey law are found in Article 49 of the Bankruptcy (Désastre) (Jersey) Law 1990 (the 'Law') and Article 6 of the Bankruptcy (Désastre) (Jersey) Order 2006 (the 'Order').
Jersey, Insolvency & Restructuring, Ogier, Bankruptcy, Conflict of laws, Ex parte, Comity, Courts of Jersey