Jersey Companies and English Administration

There has been a considerable amount of interest from clients recently on putting Jersey companies holding UK real property and other assets into English administration. Where a Jersey company and its creditors intend to rescue the company as a going concern, or English administration would achieve a better realisation for creditors than a désastre or a winding up, it may be advantageous to commence English administration. There is no statutory procedure for this under Jersey law, although there are several cases in which the Royal Court of Jersey has exercised its inherent jurisdiction and issued a letter of request to the English court to facilitate making a Jersey company subject to English administration.