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The third edition has been described as an established work which has assisted the courts, lawyers, accountants, bankers and other professionals both in Jersey and, as importantly, those outside the Island with connections in Jersey.
The Supplement covers developments concerning the recovery of assets, company law amendments, recent cases and includes new appendices on saisies judiciaries on the interaction of insolvency on employment law and on the Foundations (Jersey) Law 2009.
Jersey Insolvency and Asset Tracking (formerly published in 1st and 2nd Editions as Jersey Insolvency Law in Practice) was published in early 2006 and attempted to state applicable principles of law correctly up to 31st December 2005. Since that time, the law has been refined in various ways and the practice and procedures relating to the seizure and confiscation of property under the Drug Trafficking Offences (Jersey) Law 1988 and the Proceeds of Crime (Jersey) Law 1999 have expanded considerably.
Essentially, this supplement sets out to provide practitioners with an easy to use and comprehensive annotation. We have taken the opportunity to refer to a number of recent English cases which in our view would have persuasive effect although, if and until they are adopted by the Royal Court and therefore form part of Jersey law, they should be treated with appropriate circumspection.
The approach adopted has allowed for the addition of an entirely new Appendix 9 giving an account of the practice in seizure and confiscation cases under the mentioned legislation. Further, a new Appendix 10 focuses on Employment Law issues in insolvency, while the new Appendix 11 outlines the concept of Jersey Foundations.
This supplement is up-to-date to 31st March 2009.