In re Walton (nee de la Haye) [2015] 1 JLR 129 (06 January 2015)

In re Walton (nee de la Haye) [2015] 1 JLR 129 (06 January 2015)

An undivided share of immovable property owned in common qualifies as a bien-fonds and can be subject to hypothec and degrèvement under Jersey law.

Citation
[2015] 1 JLR 129
Parties
Subject: Walton (nee de la Haye)
Jurisdiction
Jersey
Judgment Date
06 January 2015
Procedural Posture
Bankruptcy / Degrèvement Proceedings
Outcome
Application dismissed
Legal Topics
Degrèvement, Undivided Share, Immovable Property, Hypothec
Bankruptcy Property Law Degrèvement Undivided Share Immovable Property Hypothec

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Parties

Walton (nee de la Haye)

Subject

Procedural Posture

Bankruptcy / Degrèvement Proceedings

Legal Issues

  1. 1 Whether an undivided share of immovable property owned in common is a bien-fonds for purposes of the Loi (1880) sur la Propriété Foncière, art. 3
  2. 2 Whether such a share can be subject to a hypothec and then to degrèvement

Ratio Decidendi

An undivided share of immovable property owned in common qualifies as a bien-fonds and can be subject to hypothec and degrèvement under Jersey law.

Court Disposition

Application dismissed

Orders

  • Undivided share of immovable property may be subject to hypothec and degrèvement