ROYAL
COURT OF JERSEY
RC 22/01
Applications
for Creditors’ Winding Up
and
Procedure
for Creditors’ Winding Up Searches
A)
Applications
for Creditors’ Winding Up
Articles 157A - C of the
Companies (Jersey) Law 1991 (the “Law”), provide that a creditor may apply to
the Royal Court for an Order for a Jersey incorporated company to be wound up
and a liquidator appointed (“the Application”).
1.
The Application must be commenced by
Representation and be accompanied by: -
(a) An affidavit and
(b) An exhibited and completed Statement in the
standard form attached as Schedule 1.
2.
The
Representation must state clearly in its title that it is a Representation for
a Creditors’ Winding up pursuant to Article 157A of the Companies (Jersey) Law
1991.
3.
The
affidavit must: -
(a) Verify the accuracy of the contents of the Statement;
(b) State that the creditor has a claim against the debtor
company for a liquidated sum, that to the best of the creditor’s knowledge is
not subject to a genuine dispute and arguable defence or counterclaim, and
which has not been paid;
(c)
State
that to the best of the creditor’s knowledge and belief the debtor company is
insolvent but has realisable assets, and specify the grounds on which the
creditor believes the debtor company to be insolvent;
(d) Provide details of the notice of the Application
given to the debtor company under Article 157A(3) of
the Law (or detail the exceptional circumstances which are said to justify not
giving such notice);
(e) Provide details and evidence of any purported
consent given by the debtor company to the creditor under Article 157A(1);
(f)
Provide
the name and contact details of the liquidator(s) that the creditor proposes to
be appointed to wind up the debtor company, with evidence that the said
liquidator(s) consent(s) to act if so appointed and of their registration
number on the Register of Approved Liquidators.
4.
The
Representation and supporting documents must be provided to the Bailiff’s
Chambers and the Judicial Greffe by no later than 5pm on the Tuesday
immediately preceding the Friday upon which the application will be heard by
the Royal Court and an electronic version must contemporaneously be filed
electronically with JGRcourtdocuments@courts.je.
5.
Notice
of the application should be placed by the creditor in the Jersey Gazette on
the gov.je website to appear no later than 24 hours before the application is
made before the Royal Court.
6.
Any
application for the appointment of a provisional liquidator must be supported
by an affidavit stating that the applicant believes that it is likely that a
winding up order will be made by the Court and such appointment is necessary in
the interim to preserve the debtor company assets and books and records,
together with the grounds for such belief.
The Court will usually expect such grounds to include the immediate risk
of dissipation of company assets or loss or destruction of the company’s books
and records.
B)
Procedure
for Creditors’ Winding Up searches
1.
Anyone
wishing to request a search of the Court’s records to ascertain the existence
or otherwise of an Application under Article 157A against a specific entity may
do so by applying to the Judicial Greffe by email to CWUApplications@courts.je.
2.
The
Judicial Greffe will need to have received the email applications by no later
than midnight to be able to reply to the search during the following working
day.
3.
Applications
by email should clearly state the name of the party requesting the search and the
full name of the entity against whom the search is requested. The application
must also confirm that the applicant assumes responsibility for the costs
incurred in undertaking the search.
4.
Searches
will be charged in accordance with the rate for Searches Au
Greffe as set out in the Item 37(a) of the Schedule to the Stamp Duties and
Fees (Jersey) Law 1998, as amended.
This Practice Direction is effective from the 1st March 2022.
28th February 2022
SCHEDULE
1
STANDARD FORM
STATEMENT REGARDING APPLICATION FOR
CREDITORS’ WINDING UP
Full
Name of creditor
...........................................................................................................................
Address
of creditor
..............................................................................................................................
..............................................................................................................................................................
..............................................................................................................................................................
..............................................................................................................................................................
Name
of Debtor Company
...................................................................................................................
Address
of Debtor Company.................................................................................................................
..............................................................................................................................................................
..............................................................................................................................................................
..............................................................................................................................................................
Amount
of claim against the company £
.............................................................................................
Location
and nature of assets (so far as is known)
(a)
immovable property
.......................................................................................................................
..............................................................................................................................................................
(b)
movable property
...........................................................................................................................
..............................................................................................................................................................
Documents
provided in support of application
..............................................................................................................................................................
................................................................................................................................................................................................................................................................................................................................
..............................................................................................................................................................