Carey Olsen
  August 24, 2021 - Bermuda, Bermuda

A guide to restructuring and insolvency in Jersey: overview (PLC Chapter)
  by Peter German

Forms of security

  • Immovable property
  • Movable property

 

Creditor and contributory ranking

  • Order of priority
  • Secured creditors
  • Foreign security

 

Unpaid debts and recovery

  • Compromise agreements
  • Basic debt recovery
  • Set-off obligations
  • Foreign element

 

State support

Rescue and insolvency procedures

  • Desastre
  • Creditors' winding-up
  • Just and equitable winding-up
  • Degrevement/realisation
  • Debt remission order

 

Stakeholders' roles

  • Stakeholders
  • Influence on outcome of procedure

 

Liability

  • Director
  • Partner
  • Parent entity (domestic or foreign)
  • Other party

 

Setting aside transactions

 

Carrying on business during insolvency

 

Additional finance

 

Multinational cases where there are no applicable EU or international frameworks

  • Recognition
  • Money judgments
  • Concurrent proceedings
  • International treaties
  • Procedures for foreign creditors

 

Reform

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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