Guide to summary winding up of a Jersey company

This Guide describes the steps to be taken to summarily to wind up a Jersey limited company. The procedure which governs the summary winding up of a Jersey limited company (not being a limited life company or a company of limited duration) is set out in Articles 145 to 150 of the Companies (Jersey) Law 1991, as amended. A summary winding up may be commenced by a company that:

  1. has no assets and no liabilities;
  2. has assets and no liabilities;
  3. will be able to discharge its liabilities in full within six months of the commencement of winding up;
  4. has liabilities that will fall due more than 6 months after the commencement of the winding up that it will be able to discharge in full as they fall due; or
  5. sub-paragraphs 3 and 4 apply to the company.

It is recognised that this Guide will not completely answer detailed questions which clients and their advisers may have. It is intended to provide a sketch of the subject matter covered. The Guide is, therefore, designed as a starting-point for a more detailed and comprehensive discussion of the issues…

If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.

Briefings from Appleby

View more briefings from Appleby

Analysis from The Lawyer

View more analysis from The Lawyer


1st Floor
3 Copthall Avenue

Total staff: 528
Partners: 64