Vol 23 (2026) - Issue 5

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Corporate Rescue in the Channel Islands: A Comparison of Jersey’s New Administration Regime with Guernsey’s More Established Administration Procedure

Synopsis
On 19 June 2026, the Companies (Jersey) Law 1991 (the 'Companies Law') was amended to include Jersey's first corporate rescue procedure – administration.
This article examines the key features of Jersey's new regime and benchmarks it against Guernsey's more established administration framework, highlighting significant common ground – including the exclusion of secured creditors from the statutory moratorium and the requirement for court-supervised entry – as well as points of divergence, such as the scope of the insolvency test and the range of eligible applicants. It also sets out the practical consequences for stakeholders. Taken together, the two regimes offer complementary, creditor-friendly restructuring options across the Channel Islands, with Jersey well placed to draw on nearly two decades of Guernsey precedent as its own regime develops.