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Search News and Articles
Jersey announces proposed changes to merger control thresholds
The Jersey Competition Regulatory Authority (JCRA) has announced upcoming changes to Jersey's merger control thresholds. These thresholds determine when a merger or acquisition has to be approved by the JCRA before it can be implemented. Subject to the final approval of the States of Jersey, the new thresholds are expected to be introduced in the second half of 2012.
Jersey continues to enhance its Trusts Law
Since the last amendment to (the Trusts (Jersey) Law 1984 (the "Trusts Law") in 2006, the Trusts Law Working Party has been continuing to consider how it might improve and enhance that Law. Following a period of consultation with industry, the draft Trusts (Amendment No. 5) (Jersey) Law 201- ("Amendment No. 5") was debated and adopted by the States of Jersey on 2nd November 2011.
Relocating Businesses to Jersey
It is a myth that businesses cannot relocate to Jersey unless those employees or owners who will be moving are each millionaires. The last few years have seen an increasing number of businesses relocate to Jersey. In particular the government is keen to attract natural resources and mining companies, e-gaming, e-commerce and intellectual property businesses.
New QROPS code of practice to be established in Guernsey
The Guernsey Association of Pension Providers has proposed a new code of practice for local QROPS (qualifying recognised overseas pension scheme) providers in the island.
Jersey Companies and English Administration
There has been a considerable amount of interest fromclients recently on putting Jersey companies holding UKreal property and other assets into English administration.Where a Jersey company and its creditors intend torescue the company as a going concern, or Englishadministration would achieve a better realisation forcreditors than a désastre or a winding up, it may beadvantageous to commence English administration.
An Overview of Jersey Company Law
The Companies (Jersey) Law 1991 (the "Law") came into force on 30 March 1992. Since that date, the Law has been periodically amended and updated so as to ensure that Jersey company law is modern and flexible. This Briefing summarises some of the provisions of the Law.
Competition questions you need to answer
Reproduced courtesy of Chamber On-line.
All businesses, generally regardless of size, will be prohibited from being involved in anti-competitive arrangements from November.
And so they should familiarise themselves with the Competition (Jersey) Law 2005 and the draft exemptions and guidelines under it which have been announced by the JCRA.
Introduction to Competition law in Jersey
The recruitment last summer of Lord Kingsland, the UK Shadow Lord Chancellor, as the new Chairman of the Jersey Competition Regulatory Authority ("JCRA") should allow the JCRA to focus on implementation of its primary piece of legislation, the Competition (Jersey) Law 2005. It was approved by the States last year but is due to come into force in two stages - with merger controls likely to come into force in May and the remainder delayed until November.