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Guide

Challenging transactions in an insolvency

minute read
17 February 2023

Guide

Guide

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Where a Jersey company becomes insolvent and is subject to désastre proceedings under the Bankruptcy (Désastre) (Jersey) Law 1990 or a creditors’ winding up under the Companies (Jersey) Law 1991, the primary objective of the Viscount (in the case of désastre proceedings) or the liquidator (in the case of a creditors’ winding up) will be to seek to maximise the return to the company’s unsecured creditors. This guide examines the means by which the Viscount or a liquidator may seek to achieve this.

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