DepartmentOffice of the Chief ExecutiveStart date19/07/2021End date06/09/2021Type of consultationWhite paperDeadline for comments06/09/2021About the consultationThe Government of Jersey is seeking to amend the Companies (Jersey) Law 1991 (the “Companies Law”), to introduce a process whereby a creditor can apply to the court for an insolvent company to be placed into a creditors' winding up and for a liquidator to be appointed to conduct the winding up. This process will be an additional option for creditors alongside existing procedures.The Government has had the advantage of views from industry representatives and the Viscount of the Royal Court ahead of the publication of this consultation, which views have informed the drafting of the relevant amending legislation: the Draft Companies (Amendment No. 8) Regulations 202- the Draft Companies (General Provisions) (Amendment No.6) Order 202_(the “Draft Amendments”).This consultation sought views on this legislation through a consultation paper:Consultation paper: The introduction of a creditors' winding up regimeHow to submit comments to the consultationThis consultation is now closed. A summary of the responses is available to download below.Responses to the consultationConsultation Response Paper: The Introduction of a Creditors' Winding Up Regime
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