Overseas assistance
Representation of the Viscount
Comment
As a jurisdiction, Jersey is at the heart of cross-border insolvency and restructuring. Inevitably, situations arise where insolvent companies’ assets or important evidence are located overseas, or an overseas liquidation regime would be best for creditors. Conversely, there will be situations where a foreign insolvency process requires steps to be taken in Jersey.
The Bankruptcy (Désastre) (Jersey) Law 1990 contains an assistance provision which gives the Royal Court discretion to assist the courts of prescribed jurisdictions (ie, British Isles jurisdictions, Western Australia and Finland). Further, as a matter of comity, the cou…
Read the full article at: https://www.internationallawoffice.com/Newsletters/Insolvency-Restructuring/Jersey/Ogier/Cross-border-insolvency-and-restructuring
