Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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The Jersey Financial Services Commission has adopted a new policy
setting out a fast track, self-certification procedure for authorising a "Private
Placement Fund", being a fund:
• which is either established in Jersey or managed in Jersey
• which is closed ended
• whose units are offered to not more than fifty investors
• which only admits "sophisticated investors" or professional investors"
(see appendix)
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From January 2012 a new streamlined
regulatory authorisation process for the
establishment of privately placed funds is
available in Jersey.
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Enhancing client cash deposits
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Distributions and dividends
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Providing a reference for a departing or former employee can be a tricky task. Any negligent or deliberate errors could lead to compensation pay-outs and it is therefore crucial to strike the right balance.
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This briefing sets out some of the concerns that clients are sharing in relation to earmarking trust assets for share plan management and a practical solution to this problem.
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A. INVESTMENT FUNDS
1. Documents
1.1 Generally, the documents involved in the establishment of an investment fund in the Cayman Islands include the following:
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In the matter of the DDD Settlements
[2011] JRC243
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Guernsey is a popular jurisdiction in which to incorporate
companies for use on a wide range of transactions, including
investment funds, private equity, structured finance and
securitisations.
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What price disclosure?
Employee anonymity after Shah v. HSBC
The UK Court of Appeal has provided some welcome comfort to nervous employees of financial institutions faced with the prospect of having to give evidence against their customers in cases involving disclosures made to the authorities under the “proceeds of crime” legislation.
THIRD FLOOR, 22 HILL STREET, ST HELIER, JE2 4YE, JERSEY