In its recent decision in the Representation of the Viscount [2017] JRC 025, the Royal Court of Jersey has provided a further endorsement of the capability of the Jersey insolvency regime to deal with complex cross-border insolvency. It is the third decision from the court concerning the high-profile insolvency of Jersey company Orb a.r.l and its sole shareholder Dr Gail Cochrane and follows earlier decisions to refuse to place Orb into English law administration and declare the company and Dr Cochrane en désastre (bankrupt). It is estimated that Dr Cochrane and Orb owe creditors the combined sum of £1.3bn.
In this case the Viscount (the official insolvency offi...
