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Ogier assists Chinese sportswear brand Naibu with listing on AIM Market
Ogier recently acted for Naibu, the 10th largest local sportswear brand in China, on its recent £68m listing on the AIM Market. Naibu Global International Company plc and its subsidiaries design, manufacture and supply Naibu branded clothing and accessories through around 2,800 Naibu stores and sales outlets across China.
For more information please visit www.ogier.com
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Modernisation of Jersey’s pensions law- Ogier
Modernisation of Jersey’s pensions law
Jersey opens the door to QROPs
Jersey Legislation Overview
Civil Liability for Breaches of the Codes
AML Update: Review of 2014 amendments to the substantive offences under the Proceeds of Crime (Jersey) Law 1999
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.
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.
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.
On 26 November 2014, the Privy Council delivered judgment in the long-running case of Crociani & Others v. Crociani & Others  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.
Luxembourg is one of the largest global investment fund domiciles, benefiting from the following factors: