Interpretation of “liquidated sum” in relation to a creditor’s winding up under the Companies (Jersey) Law 1991
By Emma
Prior to 1st March 2022, the main recourse in Jersey for the creditor of an insolvent Jersey company was to seek a declaration en désastre. However, although a company may still be declared en désastre, the Companies (Jersey) Law 1991 (the “Law”) was amended to create another option by permitting…