The official version of this document can be found via the PDF button.
The below content has been automatically generated from the original PDF and some formatting may have been lost, therefore it should not be relied upon to extract citations or propose amendments.
1240/5(4586)
WRITTEN QUESTION TO THE MINISTER FOR SOCIAL SECURITY BY DEPUTY R.G. LE HÉRISSIER OF ST. SAVIOUR
ANSWER TO BE TABLED ON TUESDAY 16th JUNE 2009
Question
Will claims by the States of Jersey upon the assets of Woolworths be directed to a Jersey or United Kingdom entity and are the Jersey assets of Woolworths ringfenced for sole use on the Island?
Answer
Claims which the States of Jersey has against Woolworths Plc (the "Company") in relation to its business and affairs in Jersey have been filed with the Viscount in accordance with the procedure set out in an Act of the Royal Court dated 2nd March 2009. Pending the adjudication by the Viscount of all claims thus filed and the resolution by the Royal Court of any issues or disputes arising, the net sale proceeds of the Company's immovable property in Jersey are, or are to be, held by the Viscount. Because the above processes have not yet been completed, it is not presently possible to give further clarification.