Regional news: Jersey

English court approves closure of Lehman Brothers’ client money estate

Four months after sanctioning a scheme of arrangement to close the general estate of Lehman Brothers’ main trading arm in Europe, the English High Court has approved an order to facilitate the closure of its client money estate.

30 October 2018

UK disclosure petition affirms Jersey courts can vary their own orders

Jersey courts have “inherent jurisdiction” to vary their own orders where they are persuaded to do so, an appeals court has ruled in a decision considering comity in cross-border insolvencies.

09 August 2018

Trustee can’t “scoop the pot” Jersey court says

A Jersey court has ruled that trustees of an insolvent trust rank alongside other creditors in a pari passu regime.

17 July 2018

Jersey requests English court’s help with £1.3bn insolvency case

The chief executive officer of the Royal Court of Jersey - known as Jersey's Viscount - has requested the assistance of the High Court of England and Wales in a £1.3 billion insolvency case.

23 February 2017

Jersey registered investment vehicles have COMI in UK, court finds

A London court has found that three Jersey-registered companies have their centres of main interest (COMI) in England, dismissing objections to the appointment of administrators under English law.

21 February 2017

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