Guernsey funds: practical matters to bear in mind

Sign in or register to continue reading.

Gain access to the latest news from The Lawyer.com, our jobs board, career insight and much more.

Register now to The Lawyer to access our latest news stories, read selected briefings from key firms and gain essential careers insight to help you make the most of your current and future roles.

Contact Us: if you have any questions regarding your subscription, call us on +44 (0)20 7292 3716 or email us at customerservices@thelawyer.com

Register now

Having problems?

Contact us on +44 (0)20 7292 3716 | email: customerservices@thelawyer.com

If you are looking for our Jobs site, please click here 

Related briefings

Bermuda Court exercises inherent jurisdiction to appoint protectors

In the Matter of the H Trust [2019] SC (Bda) 27 Com (30 April 2019), the Supreme Court of Bermuda delivered an important judgment in which it exercised its inherent supervisory powers over trusts to appoint protectors. In its decision, the Court also reaffirmed the wide breadth of the Court’s jurisdiction under Section 47 of […]

Taxation of Guernsey Funds

Taxation in Guernsey is the responsibility of the Director of the Revenue Service in Guernsey and the principal legislation is contained in the Income Tax (Guernsey) Law, 1975 as extensively amended since 1975. Guernsey does not levy any form of capital gains tax, inheritance tax or value added tax. No stamp or document duty, or […]

Summary of Guernsey Taxation

This document summarises certain key aspects of Guernsey taxation law for the calendar year 2019. Companies tax resident in Guernsey are subject to income tax on their worldwide income. A company is tax resident in Guernsey if: it is incorporated in Guernsey; it is incorporated outside of Guernsey but is “centrally managed and controlled” in […]

When directors enter the zone of insolvency – the rules in Guernsey

Not for a long time has the importance of understanding and managing a director’s duties in times of financial distress been so overwhelming. Here, Carey Olsen partner David Jones and associate Tim Molton examine those duties in greater detail, particularly in relation to Guernsey’s company law. 2018 saw a number of high-profile insolven­cies around the […]

Guernsey’s new substance requirements – application to the funds industry

Like other offshore jurisdictions, Guernsey has implemented legislative economic substance requirements, which came into force on 1 January 2019, to meet a commitment to address concerns raised by the EU Code of Conduct Group on Business Taxation that Guernsey’s corporate tax system could facilitate offshore structures aimed at attracting profits which do not reflect real […]

Latest Briefings

New Section 21 Notice Form 6A released

By Karl Anders, Deborah Brown On 1 June 2019 a new Section 21 Notice Form 6A will replace the current version. This is to coincide with the commencement of the Tenant Fees Act 2019. The main changes to the notice are in the section explaining the restrictions on terminating a tenancy under Section 21 of […]

Angola: Amendments to the Industrial Tax Code

By Samuel Fernandes de Almeida, Joana Pacheco Law 4/19, of 18 April 2019, has introduced several amendments to the Industrial Tax Code. We would highlight the following amendments: • 7% or higher foreign exchange variations in connection with fixed assets and liabilities are disregarded as income or cost for Industrial Tax purposes; • Interest borne […]

Acquisition Finance- 2019

By Ryan Bekkerus, Alexandra Kaplan and Marisa Stavenas What territory’s law typically governs the transaction agreements? Will courts in your jurisdiction recognise a choice of foreign law or a judgment from a foreign jurisdiction? In general, Portuguese law is retained for many transactions with soft domestic and international investors, certainly in all cases to govern […]

Top Tips for Employers: Mental Health Awareness Week

By Michael Briggs With Mental Health Awareness week taking place this week, it is even more important to maintain good principles of managing mental health in the workplace, and at all times hereafter. As an employer, what action could you take? Background Mental health is one of the biggest reasons for sickness absence in the […]

Recommended

drinking

Jones Day and Travers lead in restaurant IPO

Jones Day and Travers Smith have advised on the £185m IPO of casual dining group Loungers. Loungers, which operates 146 café-bar sites across England and Wales under brands Lounge and Cosy Club, has been advised by co-lead of Jones Day’s banking, finance and securities practice Giles Elliott and capital markets partner Vica Irani. Having revealed […]

ladder promotion

Clydes laments poor gender record in latest promotions

Clyde & Co has acknowledged a lack of gender diversity in its latest promotions round, despite welcoming 24 partners to the fold and doubling the number seen in 2018. The firm has stayed true to its insurance roots with the lion’s share of new partners (15) being made up in the practice, while marine and […]

Nicola Foulston, Rosenblatt

Rosenblatt eyes £22m turnover for next year

Rossenblatt’s revenue has grown 19 per cent to £12.5m, as the firm aims to add just under £10m to its top-line over the next 12 months. CEO Nicola Foulston described this as an “excellent start for Rosenblatt as a public company”. This is the firm’s first full-year financial results after listing on the Alternative Investment […]

Fortnum & Mason hires its first GC from John Lewis

Fortnum & Mason has appointed John Lewis’s former head of legal, Georgina Service, as its first ever general counsel. The luxury Piccadilly department store, which previously had no in-house counsel, will take on Service at the end of June. It made the decision to recruit a GC to help manage growth in a sustainable and […]

facebook, youtube, twitter

Former Davis Polk partner joins Facebook as new GC

Facebook has found a new general counsel to helm its in-house legal functions after its top lawyer Colin Stretch left the company at the end of last summer. The role has been filled by Jennifer Newstead, whose career has spanned both law firm stints and government duties. She was the first woman to head the […]

Recruit legal talent

Get your role in front of over 300,000 legal professionals when you advertise with The Lawyer. Our team of experts provide bespoke solutions to help solve all your recruitment challenges.

Find out more

Register now to The Lawyer to access our latest news stories, read selected briefings from key firms and gain essential careers insight to help you make the most of your current and future roles.

Contact Us: if you have any questions regarding your subscription, call us on +44 (0)20 7292 3716 or email us at customerservices@thelawyer.com

Register now

Having problems?

Contact us on +44 (0)20 7292 3716 | email: customerservices@thelawyer.com

If you are looking for our Jobs site, please click here