Jersey Statements of Insolvency Practice - ("JSIP")
ARIES being the Channel Islands member of INSOL International, has produced Jersey Statements of Insolvency Practice (“JSIP”) for use by its members and other professionals practicing in the area of restructuring and insolvency. The JSIPs were officially launched on 10 March 2021, following a period of consultation with ARIES members and other parties and cover the following topics:
JSIP2: Conduct of Restructuring Procedures and Assignments
JSIP3: Fees and Disbursements in Formal Restructuring Work
JSIP4: Investigations by Office Holders in Insolvent Liquidations
JSIP5: Pre-packaged Sales in Administrations
The JSIPs are a voluntary industry initiative setting out best practice principles and compliance standards with which practitioners are encouraged to comply. They seek to harmonise the approach of Practitioners to particular aspects of restructuring and insolvency practice. They have been prepared to complement the prevailing statutory framework and seek to enhance standards across the industry and bridge gaps in the current Jersey legal framework.
ARIES Webinar: 10 March 2021
The Jersey Legal and Regulatory Committee presented the JSIPs and slides from that Webinar can be found here .
Presenters:
Alan Roberts - Grant Thornton, Jersey Contact: Alan.Roberts@gt-ci.com - Biography can be found here
David Wilson - Oben Law, Jersey Contact: David.Wilson@Oben.je - Biography can be found here
Andy Wood - Deloitte, Jersey Contact: AndyWood@deloitte.co.uk - Biography can be found here