Private equity (PE) secondary transactions have grown significantly in recent years, driven by increasing liquidity needs among investors triggered by geopolitical uncertainties, public market volatility significant declines...more
A Jersey manager is typically required to hold a "fund services business" licence, which can be obtained within weeks. There are broadly two types of licence: a "managed entity" licence and a "full codes" licence, each with...more
A JPF is a private fund product which is lightly regulated -
A JPF can be established in various forms...more
Effects of a company migration into -
Jersey Steps to migrate a company out of Jersey...more
The application process and evidence required by the JFSC for a migration -
Consideration of a migration application by the JFSC...more
1/7/2025
/ Applications ,
Commercial Bankruptcy ,
Companies Law ,
Creditors ,
Debt ,
Fees ,
Incorporation ,
Insolvency ,
Jurisdiction ,
Liability ,
Liquidation
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 that...more
Jersey and Guernsey (collectively, the "Channel Islands") remain popular for both private equity buyout structures of UK and international corporate groups across various industries and asset classes, and for leverage...more
12/5/2024
/ Acquisitions ,
AML/CFT ,
Borrowers ,
Buy-Out Agreements ,
Channel Islands ,
Corporate Structures ,
Credit Facilities ,
Debt Securities ,
High Yield Bonds ,
Investment ,
Leveraged Finance ,
Loans ,
Mezzanine Lenders ,
Offshore Banks ,
Private Equity ,
Tax-Residency Certificate ,
The International Stock Exchange (TISE) ,
UK
Limited Liability Companies ("LLCs") offer flexibility and familiarity to investment fund, corporate and finance industry participants, particularly those in the US market.
US federal tax 'check-the-box' treatment is...more
Introduction of separate limited partnerships.
Introduction of incorporated limited partnerships....more
As Jersey is considered from a UK and an EU perspective to be a "third country", it is outside the scope of full compliance with the AIFMD and can take advantage of the NPPR marketing routes.
A Jersey domiciled AIFM will...more
Jersey has a long-established reputation as a fund domicile for alternative investment funds.
The most popular fund structures in Jersey include companies (whether single class, multi-class, umbrella, incorporated and...more
10/7/2024
/ Business Succession ,
Illiquid Assets ,
Investment Fund Vehicles ,
Investment Funds ,
Investment Management ,
Liability ,
Limited Liability Company (LLC) ,
Limited Liability Partnerships ,
Limited Partnerships ,
Private Equity Funds ,
Real Estate Investments ,
Share Capital ,
Tax Advice ,
Trusts
The Companies (Jersey) Law 1991, as amended, (the "Law") gives Jersey companies a considerable degree of flexibility to fund the redemption of redeemable shares from any source, including capital....more
The Companies (Jersey) Law 1991, as amended, (the "Law") gives Jersey companies a considerable degree of flexibility to fund the purchase (buyback) of their own issued shares from any source, including capital....more
The Companies (Jersey) Law 1991, as amended, (the "Law") includes a simple procedure by which Jersey companies are able to carry out a reduction of capital without obtaining court approval, thereby providing a further...more
The Companies (Jersey) Law 1991, as amended, (the "Law") provides a modern, simple and flexible merger regime for relevant companies and other entities, whilst also protecting shareholder and creditor interests....more
10/4/2024
/ Applications ,
Civil Liability ,
Companies Law ,
Contract Terms ,
Corporate Entities ,
Creditors ,
Criminal Liability ,
Cross-Border Transactions ,
Debt ,
Foreign Corporations ,
Insolvency ,
Liability ,
Mergers ,
Shareholders
Over the last few months, we have started to see new trends in inquiries and instructions regarding the use of Jersey and Guernsey structures by US managers targeting either European assets, or European capital....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 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
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
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