Market Intelligence

The Royal Court of Jersey has issued its first administration order under the Island's new corporate rescue regime, confirming the framework is now operational. This landmark development provides Jersey companies with a domestic alternative to winding up, offering directors, lenders and creditors a practical tool to preserve value and achieve better outcomes for stakeholders in financial distress situations.

Jersey's Companies Law has been amended to introduce administration, a corporate rescue process that enables restructuring of viable businesses while preserving secured creditor rights. This comprehensive modernisation provides Jersey with its first true rescue mechanism, positioning it alongside other leading restructuring jurisdictions and offering an alternative to the previously necessary practice of passporting companies into UK administration.

The UK Supreme Court has overturned a Court of Appeal decision, ruling that unpaid foreign judgments can support bankruptcy petitions in England and Wales without prior recognition. This landmark judgment clarifies cross-border debt recovery procedures and aligns the English approach more closely with Jersey's position on enforcing foreign judgments through insolvency proceedings.

On 19 June 2026, Jersey introduced a corporate administration regime through the Companies (Jersey) Amendment No. 2 Law 2026.

Unlike professional trustee companies, a PTC exists purely to act as trustee of one or more connected trusts, often for a single family.

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