Proposed changes to winding up provisions

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: 

the Draft Companies (Amendment No. 8) Regulations 202-

the Draft Companies (General Provisions) (Amendment No.6) Order 202_(the “Draft Amendments”).

This consultation sought views on this legislation through a consultation paper:

Consultation paper: The introduction of a creditors' winding up regime

How to submit comments to the consultation

​This consultation is now closed. A summary of the responses is available to download below.

Responses to the consultation

​Consultation Response Paper: The Introduction of a Creditors' Winding Up Regime