Jersey Introduces Corporate Administration Regime – Strong Protections For Secured Creditors Preserved

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). The regime is a significant evolution in the Island’s restructuring toolkit, creating a court‑supervised rescue process for distressed but potentially viable companies.

While the regime aligns Jersey with international restructuring norms, it does so without diluting the Island’s longstanding creditor‑friendly principles. In particular, secured creditors retain their enforcement rights, even after an administration order is made.

Why This Matters for Secured Lenders

Unlike other jurisdictions, secured creditors powers of enforcement are not subject to the moratorium imposed by Jersey’s administration regime. This means: