Guide
Challenging transactions in an insolvency
17 February 2023
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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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
