In a judgment which will be of considerable interest in Jersey and was handed down on Monday 15 May 2017 (O’Keefe & anor (in their capacity as joint liquidators of Level One Residential (Jersey) Ltd and Special Opportunity Holdings Ltd –v- Caner & ors [2017] EWHC 1105 (Ch)), the High Court in England ruled that the Jersey limitation period (or prescription period, as it is known) for claims against directors for breach of duty under Article 74 of the Companies (Jersey) Law 1991 (Companies Law) is 10 years.