ARTICLE · 06 JANUARY 2010

Summary Of Winding Up Of A Jersey Company

Appleby

Contributor

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile

Explore more from Appleby

A Jersey company may be subject to a summary winding up under Part 21 of the Companies (Jersey) Law 1991, as amended (the "Law") where the company is solvent.

JerseyWealth Management

Author LinkedIn connections

A Jersey company may be subject to a summary winding up under Part 21 of the Companies (Jersey) Law 1991, as amended (the "Law") where the company is solvent. The procedure is simple and quick and may completed within a couple of days if the company has no liabilities and readily distributable assets. It is available to a solvent company that:

(a) has no liabilities; or

(b) has liabilities that have already fallen due or that fall due within six months after the commencement of the winding up, that it will be able to discharge in full within six months of the commencement of the winding up; or

(c) has liabilities that will arise more than six months after the commencement of the winding up that it will be able to discharge in full as they fall due; or

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

FocUS: In Conversation With Ed Devenport

JerseyWealth Management

Jersey Finance Limited

Passion Assets: Challenges, Structures And Trends

European UnionWealth Management

The Family Office Journey To Institutionalisation

JerseyWealth Management

Jersey Finance Limited

Significant Growth For Collas Crill Trust Across The Channel Islands

JerseyWealth Management

Evolving UK Family Wealth Dynamics And Why Interconnected Ecosystems Matter More Than Ever

JerseyWealth Management

Jersey Finance Limited

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Wealth ManagementAppleby

Passion Assets: Challenges, Structures And Trends

Passion assets, including art, classic cars, jewellery and watches, fine wine, yachts, and aircraft, represent a unique segment of private wealth.

European UnionWealth Management

Jersey Incorporated Holding Structures For UK Acquisitions

There has been an increasing level of interest in using Jersey corporate holding structures for UK public takeover offers and private acquisitions.

JerseyWealth Management

When Is A Fraud On A Power Actually A Fraud?

Fraud on a power is a well-established trust doctrine and one that crops up frequently in contentious trust applications both onshore and offshore.

JerseyWealth Management

The Foot Review

On 29 October 2009 HM Treasury in London published a report on the British Offshore Finance Centres, commissioned by The Chancellor of the Exchequer in December 2008 and prepared by Mr Michael Foot, a former senior Bank of England official.

JerseyWealth Management

Volaw Trust & Corporate Services Limited

Time To Say Goodbye: Our Employment Team Advise On The Best Ways To Terminate Employment

The termination of an employment contract is often described as being like a divorce if things don't go well; particularly so when post termination restrictions are involved.

JerseyWealth Management

Company Law In Jersey - Registered Office

JerseyWealth Management

A Guide To Jersey Companies

This note is designed to provide you with some basic information about Jersey companies, the types of companies available in Jersey and some key advantages of using Jersey companies.available in Jersey and some key advantages of using Jersey companies.

JerseyWealth Management

Hatstone Lawyers

Alternatives in a New Wealth Management Era

If individuals allocate just 10% of their retirement savings to alternatives over the next decade, the industry could grow by as much as US$3 trillion in assets. Find out more in a new report.

JerseyWealth Management

Jersey Finance Limited

Jersey As A Platform For Growth: Systematica's Story

Jersey Finance's Head of Funds Elliot Refson talks to Paul Rouse, CFO at Leda Braga's Jersey-headquartered Systematica Investments, about how the hedge fund manager has evolved over the past decade and how Jersey continues to provide the jurisdictional platform to support its future ambitions...

JerseyWealth Management

Jersey Finance Limited

Significant Growth For Collas Crill Trust Across The Channel Islands

Collas Crill Trust (CCT) has made a number of appointments in its Guernsey and Jersey offices.

JerseyWealth Management

Guide To Venture Capital In The Cayman Islands 2026

The Cayman Islands has emerged as the world's premier offshore jurisdiction for venture capital fund formation and cross-border investment structuring, with over 30,900 alternative investment funds managing USD8.2 trillion in assets.

Cayman IslandsFinance and Banking

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc

BermudaInsurance

Cayman Short Form Merger – Is It A Loophole?

Section 238 of the Companies Act (2025 Revision) (the "Act") provides a statutory right for shareholders who dissent from a merger to be paid a judicially determined fair value for their shares in lieu...

GlobalCorporate/Commercial Law

New CIMA Rules On AML/CFT/CPF Compliance And Financial Sanctions Issued In The Cayman Islands

The Cayman Islands Monetary Authority has published two new Rules introducing binding requirements for regulated financial service providers regarding anti-money laundering, counter-terrorist financing...

Cayman IslandsGovernment, Public Sector

Guide To Companies In Mauritius

This is the Fourth Edition of the Guide, which we have produced for the information of our clients and professional colleagues. This edition takes account of changes brought about by the Companies Act 2001 and the Financial Services Act 2007.

MauritiusWealth Management

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.

BermudaInsurance

2026 Guide To Blockchain & Crypto-Assets In The Cayman Islands

This guide provides the latest legal information on the evolution and regulation of these markets, licensing and set-up requirements for businesses, cross-border services, decentralised finance...

Cayman IslandsTechnology

Upcoming Deadline For Annual Returns For BVI Business Companies And Limited Partnerships

Entities in the British Virgin Islands may qualify for exemptions from Annual Return requirements based on specific criteria. BVI Business Companies and Limited Partnerships can avoid filing obligations if they meet conditions such as being listed on recognized exchanges, regulated by the FSC, or filing tax returns with financial statements.

British Virgin IslandsCorporate/Commercial Law

Guide To Trusts In The Isle Of Man

The Isle of Man offers wealthy families a politically stable, well-regulated and practical base in which to establish wealth and business succession planning structures. Modern and robust legislation, high-quality professional advisers and service providers, and a reputation for cost-effectiveness, all contribute to the island's attractiveness as a trusts jurisdiction.

Isle of ManWealth Management

Guide To Blockchain & Crypto-Assets In The British Virgin Islands 2026

The British Virgin Islands has positioned itself as a leading offshore financial centre for blockchain and crypto-asset businesses, offering a flexible regulatory framework that balances...

British Virgin IslandsFinance and Banking