Jersey Case Law

Representation of Transtech Glass Investment Limited (Royal Court : Hearing

Representation of Transtech Glass Investment Limited (Royal Court : Hearing (Civil)) [2025] JRC 069 (12 March 2025)

The Royal Court of Jersey granted a just and equitable winding up of Transtech Glass Investment Limited under Article 155, finding the holding company had lost its substratum.

• Just and equitable winding up
• Loss of substratum
• Corporate insolvency
• Appointment of liquidators
• Just-and-equitable-winding-up
• Loss-of-substratum

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Aston Martin Lagonda Ltd v Ferguson and Ors

Aston Martin Lagonda Ltd v Ferguson and Ors [2024] JCA 071 (22 April 2024)

The Court of Appeal upheld a just and equitable winding up of AMWS Limited, rejecting challenges based on deadlock, substratum, alternative remedies and new evidence.

• Just and equitable winding up
• Deadlock
• Loss of substratum
• Breakdown of trust and confidence
• Alternative remedies
• Quasi-partnership

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Aston Martin Lagonda Limited v Tara Ferguson and Alia Haskuri and Bespoke Limited

Court of Appeal dismissed AML’s appeal against a just and equitable winding up of AMWS Limited, upholding findings of deadlock, loss of substratum and breakdown of trust.

• Just and equitable winding up
• Deadlock
• Loss of substratum
• Breakdown of trust and confidence
• Alternative remedies
• Admission of fresh evidence on appeal

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Representation of Ferguson and Anor re AMWS Limited

Representation of Ferguson and Anor re AMWS Limited [2023] JRC 250 (14 December 2023)

The Jersey Royal Court ordered the winding up of AMWS Limited under Article 155, finding an impasse, loss of substratum, and breakdown of trust and confidence.

• Just and equitable winding up
• Deadlock
• Loss of substratum
• Breakdown of trust and confidence
• Corporate quasi-partnerships
• Just-and-equitable-winding-up

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Representation of Lydian International Limited -

Representation of Lydian International Limited - [2020] JRC 207 (09 October 2020)

The Royal Court of Jersey ordered Lydian International Limited wound up on a just and equitable basis after a Canada-approved restructuring left it assetless and without a continuing purpose.

• Just and equitable winding up
• Recognition of foreign insolvency proceedings
• Loss of substratum
• Shareholder rights in insolvency
• Comity
• Just-and-equitable-winding-up

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In the matter of Draganfly Investments Limited

In the matter of Draganfly Investments Limited [2020] JRC 103 (03 June 2020)

The Royal Court ordered Draganfly Investments Limited wound up on a just and equitable basis under Article 155 after finding loss of substratum and insolvency.

• Just and equitable winding up
• Loss of substratum
• Creditors' winding up
• Désastre
• Deadlock
• Insolvency

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Representation of Rendle and Butcher

Representation of Rendle and Butcher [2017] JRC 042 (16 March 2017)

The Jersey Royal Court ordered Arck Estrela Limited to be wound up on just and equitable grounds, finding that its substratum had been lost.

• Winding up on just and equitable grounds
• Loss of substratum
• Liquidation
• Rectification of register of members
• Just-and-equitable-winding-up
• Loss-of-substratum

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Gibbons -v- Monarch Investments Limited

Gibbons -v- Monarch Investments Limited [2016] JRC 140 (15 August 2016)

The Jersey Royal Court refused a declaration that Monarch Investments Limited’s substratum had been lost, finding the company could still achieve its main objects.

• Just and equitable winding up
• Loss of substratum
• Shareholder disputes
• Corporate governance
• Company-law
• Just-and-equitable-winding-up

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EVIC v Greater Europe

EVIC v Greater Europe [2013] 1 JLR 70 (08 January 2013)

A Jersey court ordered a fixed-term investment fund wound up on the just and equitable ground after its term expired and its substratum was lost.

• Winding up
• Just and equitable
• Fixed-term investment fund
• Loss of substratum
• Company-law
• Winding-up

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EVIC -v- Greater Europe

EVIC -v- Greater Europe [2012] JRC 146 (01 August 2012)

The Royal Court of Jersey held that the fund’s Redemption in Kind proposal breached the prospectus and articles because it effectively prolonged the wind-down without proper approval.

• Winding up of companies
• Unfair prejudice
• Interpretation of articles of association
• Interpretation of prospectus
• Redemption in kind
• Loss of substratum

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