AN INSIGHT INTO JERSEY FOUNDATIONS

The Foundations (Jersey) Law 2009 is now more than a decade old. It came into force on 17 July 2009 (the “Foundation Law”). A Jersey foundation is a hybrid vehicle which blends interesting characteristics from both a company and a trust. As a company, it is an incorporated entity having its own legal personality, which means it can hold assets, transact and sue in its name.

A Jersey foundation is a highly modern and flexible vehicle which can have many different uses.

PDF icon an-insight-into-jersey-foundations.pdf

A RÉSUMÉ OF JERSEY PARTNERSHIPS

This guide will help you grasp the basic components of partnership law as of 1 December 2020.

For further information, please contact your usual advisor at Lexstone Lawyers. We would be delighted to assist you.

Kindly note that this guide is intended to provide general guidance and does not represent Jersey legal advice.

PDF icon a-resume-of-jersey-partnerships.pdf

A SYNOPSIS OF THE COMPANIES (JERSEY) LAW 1991

This guide will help you grasp the basic components of the Companies (Jersey) Law 1991 as of 1 December 2020.

For further information, please contact your usual advisor at Lexstone Lawyers. We would be delighted to assist you.

Kindly note that this guide is intended to provide general guidance and does not represent Jersey legal advice.

PDF icon a-synopsis-of-the-companies-jersey-law-1991.pdf

A PRECIS OF JERSEY TRUSTS LAW

WHAT IS A TRUST?

A trust is a legally binding arrangement by which a person (the settlor) transfers his/her assets to another person (trustee), who is given a legal title to hold those assets for the benefit of a third person (beneficiary) or a specified purpose.

Instructions are given to the trustee from the settlor in the form of a trust instrument, ensuring that each of the respective parties understands their rights and duties and usually giving the trustee power to manage the trust assets. To determine further actions, such as making a distribution out of the trust, instruction from the settlor may be given to the trustee in the form of a letter of wishes.

Jersey law recognises trusts as valid and enforceable.

PDF icon a-precis-of-jersey-trusts-law.pdf

AN EYE-OPENER TO THE FINANCIAL (DISCLOSURE AND PROVISION OF INFORMATION) (JERSEY) LAW 2020

To ensure that Jersey maintains its status as a premier regulated international financial centre, the Government of Jersey has introduced new primary legislation and secondary.

The legislation will change the transparency of the corporate landscape forever.

On 6 January 2021, the Financial (Disclosure and Provision of Information) (Jersey) Law 2020 (the Disclosure Law) and specific related legislation came into force, namely the Financial Services (Disclosure and Provision of Information) (Jersey) Regulations 2020 and the Financial Services Disclosure and Provision of Information (Jersey) Order 2020.

PDF icon an-eye-opener-to-the-financial-disclosure-and-provision-of-information-jersey-law-2020.pdf

AN ESSENTIAL GUIDE TO BUYING AND SELLING PROPERTY IN JERSEY

IN THIS ARTICLE, WE EXPLORE: -
– Jersey property law
– Different types of property in Jersey
– The essential checklist for buying Jersey property
– The essential checklist for selling Jersey property
– First Time Buyer status
– Buying together
– Financing – taking security over the property
– What we do to help you in the sale or purchase of property
– Keywords and phrases

PDF icon an-essential-guide-to-buying-and-selling-property-in-jersey.pdf

A BASIC SURVIVAL GUIDE TO ECONOMIC SUBSTANCE

INTRODUCTION AND BACKGROUND

6 December 2018 saw the Government of Jersey pass the Draft Taxation (Companies – Economic Substance) (Jersey) Law 201- (the Substance Law). This not only changed the landscape for the 182 regulated trust company service providers but all Jersey resident tax companies (Resident Companies) as a whole. The Substance Law was sanctioned by Order of Her Majesty on 13 March 2019 and registered by the Royal Court of Jersey on 22 March 2019. By virtue of article 20 of the Substance Law, it came into law on 1 January 2019.

PDF icon abasicsurvivalguidetoeconomicsubstance.pdf

AN APPRAISAL OF JERSEY FUNDS

Over the last few decades, Jersey has established itself as a well regulated international finance centre for investment funds with a rich pool of fund administrators, banks and accountants.

At the end of June 2015, Jersey was reported to have £218.7 billion of assets under management. Jersey and Guernsey also have their own shared stock exchange owned by the Channel Islands Securities Exchange Limited.

The Jersey regulatory framework offers a rich range of investment funds (unregulated and regulated) for all types of investors. This wide range reflects the history of the Jersey funds industry dating back to the 1980s.

PDF icon AN APPRAISAL OF JERSEY FUNDS

ENVIRONMENTAL LAW IN JERSEY

Whilst environmental legislation can be traced back for a few centuries, it was not until the mid-20th century when a series of United Nations conferences led to the adoption of a set of environmental principles and concepts such as “sustainable development, precautionary principle, intergenerational equity, polluter pays, environmental impact assessments, public participation in the decision making process, access to information and liability and responsibility for any environmental damage”. Today, all of these principles and concepts form the basis of environmental law and are part of national laws, including Jersey.

PDF icon ENVIRONMENTAL LAW IN JERSEY