Twitter Logo Youtube Circle Icon LinkedIn Icon

Potential Uses of the Jersey Foundation

April 2009 - Finance. Legal Developments by Ogier .

More articles by this firm.

Foundations to be established under the Foundations (Jersey) Law 200[-] (the “Law”) are vehicles for holding assets. They will be incorporated and therefore have separate legal personality. Foundations must be established with one or more objects. With the sole caveat that the objects must be lawful, they can be charitable, non-charitable or a mixture of both. Permissible objects might include, for example, benefiting a particular person or class of persons or carrying out a specific purpose or holding a particular asset.

Read more...

For more information please visit www.ogier.com