Knowledge

A new edition of an acclaimed book on insolvency in Jersey, Channel Islands, has been published which includes updated and enhanced analysis on a range of legal developments in the Island.

Already established as a definitive guide to the subject, the fifth edition of ‘Jersey Insolvency and Asset Tracking’ is a detailed reference work which includes expanded sections on various bankruptcy procedures, aspects of trusts, recognition and disclosure orders and an update on a range of technical matters including employment law changes, cross border co-operation, human rights, foreign taxation, backward tracing, schemes of arrangement and the new aircraft registry. There are also comprehensive commentaries on guarantees, reciprocal enforcement of judgments, insolvent trusts, foundations and taking security.

The book now published in its 5th edition, is the work of Anthony Dessain, a recently retired partner at Bedell Cristin and long standing specialist in the field and Michael Wilkins, MBE, former Viscount and Judicial Greffier of the Royal Court of Jersey. A collaborative effort, the book’s editors are Advocates Robert Gardner and Edward Drummond, both partners at Bedell Cristin and Ed Shorrock, FCA, Baker & Partners.

The acknowledged authority on insolvency and asset tracking in Jersey, it has proved to be the essential handbook for bankers, lawyers and all professionals who advise on, or deal with Jersey companies and trusts, as well as for academics and students of Jersey law.

The guide has previously been described by Tolley’s Insolvency Law & Practice, as ‘a masterpiece of clarity and an authoritative exposition of the subject…. it would be difficult to find a better combination of practitioners to write a book on this subject than the two authors of this book, both of whom are leading practitioners in Jersey’.

Ed Shorrock commented: 'I was delighted to be part of the editing team working on this authoritative guide to crucial aspects of Jersey Law. ‘Jersey Insolvency and Asset Tracking’ covers all the areas that directors and compliance officers in regulated financial services businesses will inevitably be confronted with. With a focus on providing practical, informed guidance, the book is an indispensable tool for local businesses.'

Since its original publication, it has obtained significant plaudits from senior legal circles both in and outside of Jersey.

William Bailhache, the Bailiff and Chief Justice of Jersey, described it as providing ‘a vital contribution to the overall package which an international finance centre should offer’; Neil Cooper, past president of INSOL International said that it was ‘essential reading’ for any practitioner dealing with insolvency or asset tracking matters in Jersey; Michael Crystal, QC, at South Square also described the authors as ‘two of the foremost practitioners in Jersey’ and the book as providing ‘invaluable assistance’ and Michael Beloff, QC, Commissioner of the Royal Court of Jersey and formerly the senior ordinary Appeal Judge at the Court of Appeal of Jersey, added that any future judgments the Court might give would be ‘better for having this book by our side’.

Published by Key Haven Publications Limited, the latest edition of this work can be ordered here where further details of the content and legal issues covered, are also available.