We help Jersey companies during the insolvency and restructuring process guiding them through the legal issues and practicalities. If you have a question for our specialist restructuring and insolvency lawyers, please complete our online enquiry form or call 0044 (0)1534 620500.
We enable our clients to avoid and manage insolvency issues. Whether cash flow insolvent, balance sheet insolvent or near insolvent, our extensive experience, commerciality and business acumen positions us to advise and guide both individuals and companies through complex insolvency issues and procedures. Our lawyers are approachable, responsive and available when you need them, providing exceptional Jersey law advice that gets results. Always.
We have experience and knowledge of all of the current insolvency procedures including applications for ‘en désastre’ (a petition for bankruptcy), dégrèvement (a creditor’s application to disencumber real estate), realisation (a creditor’s application to possess and sell moveable goods), remise de biens (a debtor’s application for a moratorium on insolvency procedures to allow for the organisation of their financial affairs) and the winding up of companies.
We assert, advance, protect and preserve the interests of debtors (whether secured or unsecured) who wish to claim against their potentially or actually insolvent creditors. These strengths also enable us to advise directors of insolvent companies, liquidators and the personal representatives of insolvent estates in relation to the proper discharge of their duties and exercise of their powers.
Outside of our standard commercial and civil insolvency practice, we also have a familiarity with Pauline actions and associated extraterritorial enforcement issues. A Pauline action is a claim by a creditor to set aside transactions his debtor entered into with the intention of prejudicing the creditor. We have successfully concluded Pauline actions against non-resident individuals and resident corporate trustees. We have similar experience in advising on the potential liability of directors for wrongful and/or fraudulent trading and attacking preferential and/or undervalue transactions.
Areas of expertise
- En désastre’ applications
- Dégrèvement applications
- Directors’ duties in insolvency procedures
- Directors’ liabilities
- Pauline actions
- Realisation applications
- Remise de biens applications
- Winding up of companies