The companies were the subject of a recent rare application to Jersey’s Royal Court, the details of which have just been made public. The Jersey court agreed to issue a ‘letter of request’ to the High Court of England and Wales to put the companies into administration in England.
The application was made by two banks represented by Advocate Marcus Pallot, a partner in the insolvency and litigation group at Carey Olsen, instructed by London law firm Linklaters.
The orders were given against REO (Powerstation) Ltd, REO (Site Assembly) Ltd, REO (88 Kirtling St) Ltd and REO (8 Brooks Court) Ltd.
Full story in Wednesday’s JEP
