18 February 2013
Carey Olsen sets legal precedent in Jersey Collections Group insolvency case
The Royal Court of Jersey’s decision to allow the sale of The Collections Group’s business and assets to a new buyer has set a precedent in Jersey which opens the way for new interpretation of the island’s insolvency law.
Carey Olsen partner Advocate Marcus Pallot represented Richard Clews, a director of The Collections Group, at the hearing and was instrumental in devising the deal which has allowed the group’s business to be sold and around 40 jobs to be saved.
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