Search News and Articles
Legal Developments Worldwide
- United Arab Emirates
- Czech Republic
- Hong Kong
- Cayman Islands
- South Africa
- South Korea
- Saudi Arabia
- British Virgin Islands
Articles contributed by AFR Advocates
Guernsey has been considering the introduction of local competition law since at least 2005 and by bringing into effect The Competition (Guernsey) Ordinance, 2012 on 1 August 2012, has introduced an effective Competition Law regime, to regulate the same 3 core areas recognized in most competition regimes, namely the abuse of a dominant position, anti-competitive arrangements, and mergers and acquisitions.
In this time of recession redundancies are unfortunately inevitable as employers look at ways of trimming costs, or business begins to dry up.
As we live through the impact of credit crunch Michael Sproule of Atkinson Ferbrache Richardson foresees a tougher regime of performance standards for Banks and their Boards in meeting the requirements of best practice.
At its October sitting, the States of Guernsey passed a commencement ordinance bringing the Royal Court (Reform) (Guernsey) Law, 2008 into force.
ON-LINE INCORPORATION AND RESIDENT AGENCY IN THE NEW ENVIRONMENT. Licensed Fiduciaries are now taking instructions to engage in the radical new process of on-line incorporation under the provisions of The Companies (Guernsey) Law, 2008 ("the New Law").
Trusts are increasingly used as the prevalent feature of international estate planning. Partly this is a result of the Hague Convention on the Recognition of Trusts giving trusts more publicity and making those in civil law jurisdictions more comfortable with them; partly it derives from the increasing international mobility of people who want trusts as a flexible and reliable means of holding assets and managing their disposition in lifetime and devolution on death.
Access to our personal information appears to be increasingly common and there have been recent developments in this area.
Many people are familiar with attending the Court in Guernsey, even if only for buying a house or making a will. In the past, members of the public would also have gone to Court to resolve a dispute, or to pursue an appeal but times are changing. Now, in several specific matters claimants will have to appear in front of a tribunal - not the Court – to pursue their claim.