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Bedell Cristin

PO BOX 75, 26 NEW STREET, ST HELIER, JE2 3RA, JERSEY
Tel:
Work 01534 814814
Web:
www.bedellcristin.com
Grand Cayman, London, Singapore, St Helier, St Peter Port, Tortola

Nancy Chien

Tel:
Work +44 (0)1534 814792
Email:
Bedell Cristin

Work Department

International Private Client

Position

Nancy has extensive experience in a wide range of trust-related structures, ranging from private client discretionary settlements to pensions, and employee benefit trusts.

She advises on all aspects of Jersey trusts, foundations and related corporate law issues, and has considerable experience in advising on complex restructurings, the establishment and ongoing operations of private trust companies, use of settlor reserved powers and the role of protectors.

In a corporate trust context Nancy advises trustees and employers on issues arising from pension schemes (including QROPS) and employee benefit trusts. Nancy also advises on Jersey FATCA and the common reporting standard.

Nancy's clients include professional trustees as well as families from the Channel Islands, UK, Switzerland, the Far East and the Middle East.

Languages

Fluent in Mandarin and Taiwanese.

Member

Advocate - Jersey, Solicitor - England & Wales, Barrister - New Zealand, Solicitor - BVI, Member of the Society of Trust and Estate Practitioners (STEP), Member of the International pensions working group in Jersey, Chairman of the Jersey Pensions Association.


Jersey

Private client, trusts and tax

Within: Next generation lawyers

Nancy Chien - Bedell Cristin

Within: Private client, trusts and tax

Bedell Cristin’s private client offering operates as part of the wider corporate and finance department and can be ‘summed up as efficiency with a personal touch’. The ‘highly intelligentNancy Chien ‘is at the top of her game’ and led the advice to the trustee of a Jersey structure with regard to a reorganisation for tax purposes in light of the recent changes in the UK’s non-domiciled tax regime. A group of trustees appointed a team led by practice head Edward Bennett to oversee the transfer of a managed trust company business, and Zillah Howard advised trustees on their retirement from a structure established to benefit an ultra-high-net-worth family with interests in the UK and US. Associates Lydia Carter and Kirsten Brass joined the firm from Collas Crill and Wright, Johnston & Mackenzie LLP’s Glasgow office, respectively.

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Legal Developments in Jersey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Modernisation of Jersey’s pensions law

    Modernisation of Jersey’s pensions law
  • Jersey Opens the door to QROP’s

    Jersey opens the door to QROPs
  • Jersey Legislation Overview

    Jersey Legislation Overview
  • Civil Liability for Breaches of the Codes

    Civil Liability for Breaches of the Codes
  • AML Update: Review of 2014 amendments to the substantive offences

    AML Update: Review of 2014 amendments to the substantive offences under the Proceeds of Crime (Jersey) Law 1999 
  • The New Charities Law - a bright new dawn

    As of Friday 21 November 2014, the new Charities (Jersey) Law 2014 (the " Law ") (or at least certain parts of it) came into effect.  This represents a quantum leap forward for Jersey in the charity field.  The Law has introduced a new test for what is charitable (the " Charity Test "), has introduced the post of a Charity Commissioner and a Charity Tribunal, and in time will introduce standards that those who run charities in the Island will have to abide by.  It is hoped that the Law will enable the Island to flourish as a centre for the administration of charitable and philanthropic structures.
  • New Managed Account Regime for Jersey Hedge Fund Managers

    An exemption which will enable Jersey-regulated fund managers to be appointed in relation to managed accounts has now been introduced.  This will enable hedge fund managers that are already regulated under the Financial Services (Jersey) Law (FS Law) in Jersey to carry out fund services business (FSB) to also service qualifying segregated managed accounts (QSMAs) without the need to seek additional regulation for the conduct of investment business under the FS Law.
  • The Security Interests (Jersey) Law 2012: Changes to Jersey's security regime

    On 2 January 2014, the Security Interests (Jersey) Law 2012 came into force in respect of Jersey law security over intangible movable property (e.g. shares/securities, bank accounts and custody assets).  The new law replaces the Security Interests (Jersey) Law 1983 (which was in force for the last three decades) and introduces a number of important changes which modernise Jersey's security regime.
  • Exclusive and Inherent Jurisdictions: to boldly go where no Court has gone before?

    On 26 November 2014, the Privy Council delivered judgment in the long-running case of Crociani & Others v. Crociani & Others [2014] UKPC 40 .  The case is of interest to trustees because it provides conclusive and binding guidance on the treatment of exclusive jurisdiction clauses in trust deeds.  However, it also raises questions as to the fundamental nature of the inherent supervisory jurisdiction of the Royal Court in connection with trust matters, and whether it is in fact broader than previously thought.
  • Accessing EU Institutional investor capital

    Luxembourg is one of the largest global investment fund domiciles, benefiting from the following factors: