Jersey Introduces New Statutory Administration Regime: Might The BVI Follow Suit?

A significant step forward for corporate rescue and restructuring in Jersey

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

The regime allows the Royal Court to appoint an administrator, who must be on the List of Approved Liquidators and Administrators in Jersey, to: (1) rescue a financially distressed company; or (2) achieve a better outcome for creditors than a winding up. The administrator has broad powers to manage the business and a statutory moratorium protects the company from most creditor actions. 

The legislation represents a significant development in Jersey's insolvency framework, filling a long-standing gap by providing a dedicated restructuring and rescue tool that sits alongside the island's existing, terminal liquidation procedures (Désastre and Creditors' Winding Up).