The Crown Dependencies have re-affirmed their commitment to international tax standards and the continued value of inter-island cooperation in areas of mutual interest in international tax policy.
Ministers from...more
Jersey: Consultation paper on access to information -
On 26 April 2024, the States of Jersey published its latest consultation paper on "Access to information on Jersey's Central Register of Companies and legal persons"....more
What is a UK REIT?
A Real Estate Investment Trust (REIT), despite the name, is a company (or group of companies) carrying on a property rental and investment business which, if it meets certain conditions, can elect to...more
Jersey companies are widely used for setting up joint ventures, particularly in a private equity context – further information on why Jersey entities are popular for private equity structures can be found here . It is a...more
Guernsey and Jersey have long been popular places used by private equity investors in acquisitions of target businesses given the advantages they offer over other jurisdictions. We're taking a closer look at some of these...more
3/5/2024
/ Distribution Rules ,
Documentation ,
Economic Substance Doctrine ,
Investment ,
Investors ,
Jurisdiction ,
Nasdaq ,
Private Equity ,
Return on Equity ,
The International Stock Exchange (TISE) ,
UK
The Minister for External Relations of the Government of Jersey (GoJ) recently announced a public consultation seeking views on a number of proposed changes to the operation of the Common Reporting Standard (CRS) and the US...more
The Jersey Financial Services Commission (JFSC) has recently shared its guidance outlining what Virtual Asset Service Providers (VASPs) need to do to follow the 'travel rule'. This article simplifies the concept of the travel...more
The Jersey Financial Services Commission ("JFSC") recently announced that its first area of focus for its 2024 thematic examination programme will be politically exposed persons ("PEPs") (the "Examination"). The Examination...more
The administration and management of Jersey investment structures can be complex and requires service providers to be aware of the regulatory requirements and exemptions that they may face when providing relevant services in...more
The Companies (Jersey) Law 1991 (the "Law") permits the creation of cell companies and sets out the legal requirements relating to cell companies in Jersey.
In essence, cell companies are companies whose assets and...more
Recent weeks and months have seen regular coverage on the growing trend of large UK based companies exploring listings on US stock exchanges such as New York Stock Exchange (NYSE) and Nasdaq at the expense of the London Stock...more
9/29/2023
/ Business Listings ,
Capitalization ,
Disclosure Requirements ,
Financial Markets ,
Financial Services Industry ,
Initial Public Offering (IPO) ,
London Stock Exchange ,
Nasdaq ,
NYSE ,
Takeover Code ,
UK
The Jersey Financial Services Commission (the "JFSC") recently published feedback from its 2022 thematic examination on the extent to which supervised persons complied with their regulatory obligations with respect to...more
Recent weeks and months have seen regular coverage on the growing trend of large UK based companies exploring listings on US stock exchanges such as New York Stock Exchange (NYSE) and Nasdaq at the expense of the London Stock...more
The Jersey Financial Services Commission ("JFSC") recently launched a consultation on further amendments to its anti-money laundering/countering the financing of terrorism/countering proliferation finance ("AML/CFT/CPF")...more
The Government, further to consultation with the Jersey Financial Services Commission ("JFSC"), has recently published an Order clarifying the scope of the Proceeds of Crime (Duties of Non-Professional Trustees) (Jersey)...more
Introduction -
Further to a recent update, in which the Government, in consultation with the Jersey Financial Services Commission ("JFSC"), announced its intention to make legislative changes to the anti-money laundering,...more
Executive Summary -
On 30 January 2023, legislation came into force that amended the Proceeds of Crime (Jersey) Law 1999 ("the POCL") and expanded the scope of Jersey's anti-money laundering, counter-terrorist financing,...more
Guernsey and Jersey have today issued a joint statement with the Isle of Man on their intentions to implement the OECD global initiative to set a minimum effective tax rate for the world’s largest multinational enterprises,...more
Limited Liability Companies (“LLC”) are a familiar structuring tool for US managers and investors, and the introduction of the Jersey LLC is part of a strategy by the jurisdiction to increase its appeal to the US market. ...more
5/3/2023
/ AML/CFT ,
Beneficial Owner ,
Cayman Islands ,
Delaware ,
Economic Substance Doctrine ,
EU ,
Flexibility Clauses ,
Investors ,
Limited Liability ,
Limited Liability Company (LLC) ,
Transparency
On 1 April 2022, the UK introduced a new tax advantaged corporate structure, a “qualifying asset holding company” (“QAHC”), which benefits from a number of UK tax breaks.
A crucial requirement for QAHC eligibility is...more
Attorney General (“AG”) has issued guidance to the industry on the circumstances in which the AG will apply to Jersey’s Royal Court (“the Court”) under article 78 of the Companies (Jersey) Law 1991 (“the Companies law”) to...more
Jersey is the premier offshore jurisdiction of choice for many global corporations and financial institutions, and lead onshore counsel. Its enviable position owes much to the excellent quality of its service providers and...more
2/22/2023
Our global investment funds teams work closely with the leading managers, instructing counsel and service providers around the world, giving us a unique perspective and insight into the trends and forces shaping financial...more
2/8/2023
/ Asia ,
Bermuda ,
BVI Business Companies ,
Cayman Islands ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Environmental Social & Governance (ESG) ,
Infrastructure ,
Private Equity ,
SFDR ,
UK
Jersey's economic substance regime has been in existence for four years now. On the one hand its scope has expanded to include partnerships as well as self-managed corporate funds; but on the other hand certain exemptions...more
For decades, the Limited Liability Company (“LLC”) structure has been familiar to US managers and investors, with onshore and offshore options combining desirable features of companies and partnerships in one flexible...more