Jersey: Insolvency/Bankruptcy/Re-Structuring

On 27 March 2026, the States of Jersey approved the introduction of a statutory corporate administration regime under the Draft Companies (Jersey) Amendment No. 2 Law 202‑ (P.49/2026) (Amendment No 2).

Changes to the Companies Law in 2022 have increased the options available to creditors of insolvent Jersey companies...

The legislative framework applicable to insolvency and restructuring in Jersey has seen significant developments in recent years, with the introduction of the Companies Regulations No 8 2022 (the Regulations).

The Jersey Courts maintain the island's reputation as an international finance centre through their approach to freezing injunctions and asset preservation. This article examines how Jersey balances international comity with jurisdictional restraint, exploring when courts will grant freezing orders in aid of foreign proceedings, the treatment of worldwide freezing orders from foreign courts, and the unique protections afforded by Jersey trust structures and firewall provisions.

In Jersey, a director can be disqualified if their conduct makes them 'unfit to be concerned in the management of a company'.

On 27 March 2026, the States of Jersey approved the introduction of a statutory corporate administration regime under the Draft Companies (Jersey) Amendment No. 2 Law 202‑ (P.49/2026) (Amendment No 2).