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An executive summary - January 2012
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Summary
The Royal Court has just handed down a judgment in a case involving an appeal against a decision of the Minister (then Senator Cohen) to refuse
planning permission which is significant in two respects.
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Jersey
James Mulholland, Robert Milner and Daniel O’Connor - Carey Olsen
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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:
PO BOX 75, 26 NEW STREET, ST HELIER, JE2 3RA, JERSEY
