In re Huelin-Renouf Shipping [2015] 2 JLR 148 (07 October 2015)

The court approved pooling of assets and liabilities of connected companies in winding up where it benefits creditors by reducing costs and increasing distributable assets.

Citation: [2015] 2 JLR 148
Parties: Company in Liquidation: Huelin-Renouf Shipping
Jurisdiction: Jersey
Judgment Date: 07 October 2015
Procedural Posture: Winding Up / Application for Pooling Order
Outcome: application approved
Legal Topics: Winding Up, Pooling of Assets and Liabilities, Connected Companies

Company Law Insolvency Winding Up Pooling of Assets and Liabilities Connected Companies

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Parties

Huelin-Renouf Shipping

Company in Liquidation

Procedural Posture

Winding Up / Application for Pooling Order

Legal Issues

1 Whether the court may order pooling of assets and liabilities of connected Jersey and Guernsey companies in winding up

Ratio Decidendi

The court approved pooling of assets and liabilities of connected companies in winding up where it benefits creditors by reducing costs and increasing distributable assets.

Court Disposition

application approved

Orders

Pooling of assets and liabilities of connected Jersey and Guernsey companies in winding up approved