Worldwide: Insolvency/Bankruptcy

Before serving notice, businesses must establish a valid right to terminate, comply with the contractual notice procedure, and consider whether insolvency, statutory restrictions or common law principles affect...

The Jersey Courts maintain the island's reputation as an international finance centre through their approach to freezing injunctions and asset preservation. This article examines how Jersey balances international comity with jurisdictional restraint, exploring when courts will grant freezing orders in aid of foreign proceedings, the treatment of worldwide freezing orders from foreign courts, and the unique protections afforded by Jersey trust structures and firewall provisions.

In Webb and another (as liquidators of Eversholt Rail (365) Limited (in liquidation)) v Eversholt Rail Limited and another [2026] EWHC 101 (Ch), the High Court dismissed the liquidators' appeal against a decision not to allow their extensive application for the production of documents under s.235 and s.236 of the Insolvency Act 1986 (IA 1986).