Financial Services Disclosure Law: impact on Jersey foundations

The Financial Services (Disclosure and Provision of Information) (Jersey) Law 202 was adopted by the Government of Jersey on 14 July and is currently awaiting approval from the Privy Council. We anticipate that the Disclosure Law will come into force towards the end of 2020.

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Cayman trusts: A toolbox for tough times

With trust assets becoming more unusual in nature, beneficiaries establishing careers and family homes across the globe, and the regulatory environment growing increasingly complex, the modern trustee can be faced with a wide range of issues to address and challenges to overcome.

Implementation of court orders involving non-parties – a warning from Guernsey

Family practitioners are well-versed in avoiding potential pitfalls of implementing and enforcing settlements agreed in the family courts. Particular difficulties can arise where an order requires steps to be taken by non-parties resident outside the jurisdiction of the relevant court, potentially requiring unexpected further (and avoidable) litigation to give effect to such an order.

A practical guide to setting up a family office in Jersey

Around the world family offices are growing in number. Family offices are increasingly becoming the organisation of choice for very wealthy families because they can be tailored to meet the individual needs of the families establishing them.

Relocation: Your move to Jersey…

For decades, Jersey has opened its doors to a limited number of individuals and businesses attracted not only by the Island’s charm and beauty but also by the many advantages to be gained from its location. Here, Carey Olsen property partner Christopher Philpott summarises some of the key points to consider.

Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

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Latham advises on Airbnb IPO filing

US firm Latham & Watkins will take on legal duties as rental company Airbnb has filed confidential IPO paperwork with the Securities and Exchange Commission. No details are available yet on the specifics around the public offering. Share price and the shares that are going to be offered will be announced at a later stage. […]

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Venezuela’s central bank gets appeal go-ahead in battle over gold reserves

The High Court has granted Venezuela permission to appeal a judgment in the South American country’s dispute over whom the UK recognises as its president. The decision comes after Zaiwalla & Co brought legal proceedings on behalf of Nicolás Maduro’s government over reserves held by the Bank of England, represented by Herbert Smith Freehills. The […]

Keystone reports Gunnercooke partner to SRA

A complaint against a Gunnercooke restructuring partner has been made to the Solicitors Regulation Authority by Keystone, in relation to an insolvency dispute involving the two firms. In 2018, Gunnercooke partner Séamas Gray was instructed by the liquidators of Grosvenor Property Developers, after the student accommodation company was wound up. The matter is the subject […]

Eversheds revises work allocation model to balance UK disputes work

Eversheds Sutherland’s litigation team has started to allocate new cases based on suitability and experience, rather than location. Previously, if a case came into the firm’s Manchester office the litigation team in Manchester would lead on it. However, now the case will be allocated depending on office workload and experience as the firm ditches local […]

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