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ARTICLE · 16 MAY 2024

Case Update: Winding Up A Jersey Company On Just And Equitable Grounds

Collas Crill
Collas Crill
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Collas Crill

Collas Crill

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The Jersey Court of Appeal (the CoA) has recently handed down a judgment in Aston Martin Lagonda Ltd v Ferguson & Ors [2024] JCA 071 which explores and develops a number of useful principles...

JerseyCorporate/Commercial Law
Simon Hurry
Simon Hurry
Karen Stachura
Karen Stachura
Callum McDougall
Callum McDougall
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The Jersey Court of Appeal (the CoA) has recently handed down a judgment in Aston Martin Lagonda Ltd v Ferguson & Ors [2024] JCA 071 which explores and develops a number of useful principles relating to winding up a company on 'just and equitable' (J&E) grounds pursuant to article 155 of the Companies (Jersey) Law 1991 (as amended) (the Companies Law).

The just and equitable regime in Jersey

A winding up on J&E grounds is a procedure that is used to end the life of a company when, for some reason, other procedures to wind up or liquidate the company cannot be used, or are not appropriate, in the circumstances.

Please click here for our practical guide on placing a Jersey company into a J&E winding up.

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