|Department||Office of the Chief Executive|
|Type of consultation||White paper|
|Deadline for comments||06/09/2021|
About the consultation
The Government of Jersey is seeking to amend the
Companies (Jersey) Law 1991 (the “Companies Law”), to introduce a process whereby a creditor can apply to the court for an insolvent company to be placed into a creditors' winding up and for a liquidator to be appointed to conduct the winding up. This process will be an additional option for creditors alongside existing procedures.
The Government has had the advantage of views from industry representatives and the Viscount of the Royal Court ahead of the publication of this consultation, which views have informed the drafting of the relevant amending legislation:
This consultation now seeks views on the draft legislation.
How to submit comments to the consultation
This consultation is now closed