In re Corebits Servs. Ltd. v [2011] JLR_Note 38 (25 August 2011)
- Status
- Judgment
- Jurisdiction
- Jersey
- Posture
- Company Winding Up / Application for Pooling of Assets and Liabilities
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Professional case brief
Research organized from the available case record
01
Holding and result
The court considered whether the circumstances justified pooling the assets and liabilities of the companies involved in the winding up process.
02
Material facts
Parties
Corebits Services Ltd.
Company03
Procedural history
Posture
Company Winding Up / Application for Pooling of Assets and Liabilities
04
Questions and positions
Legal issues
Whether assets and liabilities of related companies may be pooled in winding up
Party arguments
- Applicant
- Applicant seeks order for pooling assets and liabilities of related companies in the course of winding up.
- Respondent
- No respondent argument available.
05
Court’s reasoning
Legal principles
- 01
Jersey company law
Court may order pooling of assets and liabilities in winding up under certain circumstances.
06
Ratio, limits and disposition
Ratio decidendi
The court considered whether the circumstances justified pooling the assets and liabilities of the companies involved in the winding up process.
Source and reliance status
Official court record
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Judgment text
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Court record
Judgment
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