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Insolvency & Restructuring

03 August 2018
Nicola Roberts Cross-border insolvency and restructuring

Jersey - Ogier

As a jurisdiction, Jersey is at the heart of cross-border insolvency and restructuring. Inevitably, situations arise where insolvent companies' assets or important evidence are located overseas, or an overseas liquidation regime would be best for creditors. Conversely, there will be situations where a foreign insolvency process requires steps to be taken in Jersey.

Authors: Nicola Roberts, Leon Hurd
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Olivier Hari Simplifying foreign insolvency and restructuring decisions' recognition regime in Switzerland

Switzerland - Schellenberg Wittmer

In March 2018 the Swiss Parliament adopted revisions to the international insolvency provisions of the Private International Law Act which aimed to simplify the country's insolvency and restructuring regime. Under the new rules, courts will be able to authorise transfers of assets located in Switzerland without initiating ancillary bankruptcy proceedings. The newly enacted provisions are likely to enter into force on 1 January 2019.

Author: Olivier Hari
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