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CIMA has historically allowed registered funds that have operated but are now being terminated to apply for a part-year audit waiver when the initial termination filings are made.
Ogier Luxembourg and Jersey recently acted on a portfolio sale by a significant UK real estate and private equity real estate fund manager of its European assets with a deal value of £50m.
Ogier Luxembourg are currently acting on the structuring and launch of an AIFMD authorised SIF investing in UK real estate.
Ogier Luxembourg is currently acting for two separate US fund managers structuring global investment acquisition and financing through Luxembourg vehicles.
Hostile divorce case shows an application to surrender discretion to the Court should not be undertaken lightly.
The Jersey Financial Services Commission’s figures for the second quarter of this year consolidate the positive position for the Jersey funds industry shown in the first quarter figures.
Ogier also maintains a leading overall position, with a 24.3 per cent market share of all securities listed on the exchange.
From 16 November 2015 Jersey’s first Financial Services Ombudsman will start investigating and resolving complaints.
The Royal Court has had to consider specifically a ‘non-compete’ clause in a case that saw an employer in an action against two former employees to enforce a restrictive covenant.
The Royal Court handed down its decision in In the matter of X (a bankrupt) only months after the decision of the Privy Council in Singularis Holdings Ltd v PricewaterhouseCoopers.