The Legal 500

Enhancing client cash deposits

An executive summary - January 2012

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.

Jersey James Mulholland, Robert Milner and Daniel O’Connor - Carey Olsen

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)

From January 2012 a new streamlined regulatory authorisation process for the establishment of privately placed funds is available in Jersey.

Enhancing client cash deposits

Distributions and dividends

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.

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.

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: