A new exemption from the requirements of Jersey's Financial Services Law has been introduced which will enable Jersey-regulated fund managers to service qualifying segregated managed accounts without further regulation in Jersey, while still benefiting from Jersey's 0% corporate income tax rate.
Law Firm: Carey Olsen | Published: 11 December 2014 | Practice Area: Collective Investment Schemes
On 21 November the States of Guernsey Income Tax published a bulletin updating the most recent iteration of the draft guidance notes issued jointly by the Crown Dependencies on 28 July regarding the implementation under domestic law of FATCA-based reporting. This briefing summarises the key points.
Law Firm: Carey Olsen | Published: 03 December 2014 | Practice Area: Financial Reporting
This Carey Olsen briefing reviews how non-EU alternative investment fund managers (AIFMs) and EU AIFMs of offshore alternative investment funds in the jurisdictions of Guernsey, Jersey and the Cayman Islands are dealing with the requirements of the Alternative Investment Fund Managers Directive.
Law Firm: Carey Olsen | Published: 20 November 2014 | Practice Area: Regulation and Compliance
Private trust companies (PTCs) have been widely used in international structured finance transactions, and are now used increasingly by high net-worth private clients. Carey Olsen considers key issues relating to the establishment and use of a Jersey PTC in the context of private wealth management.
Law Firm: Carey Olsen | Published: 12 November 2014 | Practice Area: Succession Planning and Trusts
Jersey is a leading jurisdiction for the establishment and management of trusts, as it has a large and well-qualified professional trust sector, modern trusts legislation and an effective judicial system. This Carey Olsen briefing looks at Jersey trusts in more detail.
Law Firm: Carey Olsen | Published: 07 November 2014 | Practice Area: Succession Planning and Trusts
Purpose trusts have become an increasingly important part of the Trusts (Jersey) Law 1984. Unlike traditional trusts, there is no need for a purpose trust to have a living beneficiary. The uses of a purpose trust are varied, and are described in detail in this Carey Olsen briefing.
Law Firm: Carey Olsen | Published: 28 October 2014 | Practice Area: Succession Planning and Trusts
Notwithstanding recent negative stories in the press, a well-structured employee incentive arrangement operated through an employee benefit trust (EBT) can still deliver real value to a company and its employees. Jersey is an attractive jurisdiction in which to locate an EBT, as Carey Olsen reports.
Law Firm: Carey Olsen | Published: 22 October 2014 | Practice Area: Employee Share Schemes
The Security Interests (Jersey) Law 2012 came into force fully on 2 January this year. The new law updates and improves the current law relating to security interests in intangible movable property. This Carey Olsen briefing summarises the key advantages to creditors of the new law.
Law Firm: Carey Olsen | Published: 15 October 2014 | Practice Area: Regulation and Compliance
The Markets in Financial Instruments Directive is an EU law that aims to harmonise the regulation of investment services across the European Economic Area. In July this year, a revised MiFID entered into force - this briefing sets out the implications for third country firms as they currently stand.
Law Firm: Carey Olsen | Published: 09 October 2014 | Practice Area: Regulation and Compliance
Guernsey and Jersey are not part of the UK and are separate independent jurisdictions for probate purposes. It is not essential for you to have a separate will to cover your Channel Island assets, but there are certain benefits, as this Carey Olsen briefing explains.
Law Firm: Carey Olsen | Published: 07 October 2014 | Practice Area: Wills and Probate
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