Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Jersey court distributes Yugoslav refinancing trust assets to successor states

By Dominic Lawson

17 May 2019

Jersey court distributes Yugoslav refinancing trust assets to successor states Belgrade, once capital of the Former Socialist Federal Republic of Yugoslavia / iStock.com/Predrag Vuckovic

A Jersey court has ended a 15-year deadlock over how to split the assets of a former Yugoslav state-owned trust among five of the country’s successor states, in the tale of a sovereign debt refinancing waylaid by war.