BetIndex Limited 26-May-2021 [2021] JRC 151 (26 May 2021)

The Royal Court recognised the appointment of the Joint Administrators and the moratorium on proceedings and enforcement against BetIndex Limited, exercising its discretion under Article 49 of the Désastre Law and noting compatibility with Jersey law and routine practice.

Citation: [2021] JRC 151
Parties: Company Subject to Administration: BetIndex Limited; Appointed Administrators: Joint Administrators
Jurisdiction: Jersey
Judgment Date: 26 May 2021
Procedural Posture: Insolvency Recognition and Assistance / Post Administration Appointment, Recognition and Assistance Order
Outcome: relief granted
Legal Topics: Recognition of Foreign Insolvency Proceedings, Administration Order, Moratorium on Proceedings, Powers of Administrators

Insolvency Cross Border Insolvency Company Law Recognition of Foreign Insolvency Proceedings Administration Order Moratorium on Proceedings Powers of Administrators

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Parties

BetIndex Limited

Company Subject to Administration

Joint Administrators

Appointed Administrators

Procedural Posture

Insolvency Recognition and Assistance / Post Administration Appointment, Recognition and Assistance Order

Legal Issues

1 Whether the Royal Court should recognise the appointment of Joint Administrators by the English High Court.
2 Whether the moratorium on proceedings and enforcement against the Company should be recognised in Jersey.
3 Whether the Joint Administrators should be granted powers under the Insolvency Act 1986.

Ratio Decidendi

Court Disposition

relief granted

Orders

Recognition of the appointment of the Joint Administrators.
Recognition of the moratorium on proceedings and enforcement against the Company and its assets.