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
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
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
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
The Companies (Demerger) (Jersey) Regulations 2018 (the “Regulations”) provides a flexible demerger regime for relevant Jersey companies, whilst simultaneously protecting shareholder, creditor and employee interests.
In...more
Amongst the changes to the Limited Partnerships (Jersey) Law 1994 (the “LP Law”) that have been implemented, included are changes that both helpfully clarify and confirm certain provisions of the existing law with respect to...more
10/21/2022
/ Clawbacks ,
Debt ,
Environmental Social & Governance (ESG) ,
Financial Obligations ,
General Partner ,
Investment ,
Limited Partnership Agreements ,
Limited Partnerships ,
New Amendments ,
Policy Terms ,
Profit Sharing ,
Third-Party Rights
Introduction -
On 27 April 2022, the States of Jersey adopted the Limited Partnerships (Amendment No. 2) (Jersey) Law (the “Amendment Law”) in relation to the amendments to the Limited Partnerships (Jersey) Law 1994 (the “LP...more