Cross border insolvency | Jersey | Assistance to foreign jurisdictions
In relation to cross border insolvency issues the Royal Court of Jersey has powers under the Bankruptcy (Désastre) (Jersey) Law 1990 (the “1990 Law”) to assist certain countries and territories (currently the UK, Guernsey, the Isle of Man, Finland and Australia) in all matters relating to the insolvency of any person and cross border insolvency issues.
It also has pre-existing customary law rights to exercise its inherent jurisdiction to assist non-prescribed countries in relation to cross border insolvency issues or to have regard to the rules of private international law. Moreover while EU Regulation on Insolvency Proceedings does not apply in Jersey, the Royal Court may still have regard to where the debtor’s centre of main interests is in considering applications to commence insolvency proceedings.
Main Contact | David Hill
Head | Cross Border & International Transactions, Corporate/M&A
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