Regional news: Jersey

Insolvency forum shopping and the case of Investin

Partner Stephen Alexander and associate Stephan Venter at Mourant in Jersey examine the growing practice of insolvency forum shopping and explain how Jersey’s Royal Court approached the subject in the recent Investin case.

04 October 2021

Jersey-based investor fails to block potential English preference claims

Days after the director of a Jersey-based investment vehicle lost his bid to restrain a creditor from presenting a winding up petition in the English courts, a London judge has ordered a hearing to take place as early as next month.

27 September 2021

Preferences and the pandemic

Preference claims are on the rise in many financial centres across the globe and many are linking this to the impact of the global pandemic. Stephen Alexander, a partner at Mourant Ozannes in Jersey, asks whether the impact of the pandemic may be a defence to such preference claims – and if so, how?

06 September 2021

Jersey company can be wound up in England, High Court rules

Setting out the post-Brexit application of the EU Insolvency Regulation, the High Court in London has ruled that a Jersey-registered company can be wound up in England.

31 August 2021

Cut-off date set for Football Index customer dividends

Customers of the online gambling company Football Index will receive distributions based on dividends due at the time of its insolvency, following an English court ruling on the administration of its Jersey-based parent.

15 June 2021

The just and equitable winding up jurisdiction in Jersey: loss of substratum

Partner Stephen Alexander and Chazha Hick at Mourant in Jersey consider the case law setting out the circumstances in which local courts can wind up companies on just and equitable grounds, where the company’s original purpose can no longer be pursued.

03 May 2021

Begbies Traynor appointed as scandal-hit Football Index enters UK administration

Jersey-based BetIndex, which operates online gambling company Football Index, has been placed into administration by the English High Court – one week after a Jersey court issued a letter of request seeking its assistance.

26 March 2021

The rise in debt for equity swaps structured through Jersey

Partner Bruce MacNeil and managing associate James Lydeard at Ogier observe what makes the use of Jersey-incorporated acquisition and holding vehicles attractive for international restructuring transactions featuring debt for equity swaps, amid the emergence of a growing trend.

26 March 2021

A developing area: court-appointed receiverships in Jersey

Collas Crill recently brought a novel, successful application to appoint receivers over a promissory note and reconstitute a breach of a Jersey trust in the context of a bitter international family dispute. Group partners Sam Williams and Simon Hurry, who respectively brought the application, and led a team on behalf of the receivers in world-wide enforcement and recovery proceedings, discuss this first instance of a Jersey Court appointing receivers in aid of equitable execution.

04 March 2021

Appleby advised Arcadia administrators in Jersey, Guernsey and the Isle of Man

A court decision published in Jersey shows how offshore firm Appleby helped the joint administrators of British retail tycoon Philip Green’s Arcadia Group obtain recognition in the Channel Islands and the Isle of Man, before his fashion empire was sold off.

24 February 2021

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