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BTI v Sequana – when is the ‘creditor duty’ engaged?

By Emma

On 5th October 2022, the Supreme Court handed down their landmark judgment in the long-running case of BTI 2014 LLC v SequanaSA, which concerns the circumstances and extent to which the company directors must consider the interests of creditors with regard to their common law duties. Although decisions of the…

Service Charge: Tenant required to “pay now and argue later”​

By Emma

Sara & Hossein Asset Holdings Ltd v Blacks Outdoor Retail Ltd [2023] UKSC 2 A tenant was required to “pay [the service charge] now and argue later” by the Supreme Court when interpreting wording commonly found in commercial lease service charge provisions. Background: Blacks occupied premises at Whitechapel and Liverpool…

Creditor driven winding up of a Jersey company

By Emma

The Companies (Amendment No.8) (Jersey) Regulations 2022 came into force on the 1 st March 2022 and amended the Companies (Jersey) Law 1991 (the “Companies Law”). This amendment introduced a new insolvency remedy for creditors of Jersey companies and represents an important development for the insolvency legislation of Jersey. Prior…

Jersey legal opinions: what are they and when are they required?

By Emma

What is a legal opinion? Jersey legal opinions are used in order to confirm the valid incorporation and existence of a Jersey legal entity, its capacity and authority to enter into contractual relations and whether or not, as a matter of Jersey law, those contractual relations are binding and enforceable…

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