In an application by Joint Official Liquidators for sanction of an agreement to sell the assets of a Company over the objections of creditors, the Court has confirmed the importance of establishing a clear and transparent sale process, which enjoys the confidence of the interested parties, in order to establish that the sale agreement is in the best interests of creditors.

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Introduction
Local business
Regulated business
International business
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Introduction

Introduction

Introduction

Introduction
Domestic business
Regulated and international business

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Introduction

The Guernsey Royal Court recently handed down judgment which brought to an end an important chapter in a long-running dispute regarding control of the exploration and exploitation of the oil and gas reserves of Georgia. The case involved a rare blessing application under section 426 of the Companies Law in an insolvency context, enabling the liquidator to get their decision blessed by the Royal Court.

What are the main Jersey insolvency procedures for a Jersey company?
What is the effect of commencement of Jersey insolvency procedures?
What are the powers of the liquidators or the viscount?
What transactions can be set aside?
How are assets distributed on a creditors' winding up or désastre?