Our Guernsey and Jersey investment funds teams have identified
some key issues for consideration in the context of the current
global coronavirus (COVID-19) pandemic. This update provides
guidance on: the points to consider regarding holding board
meetings in Guernsey and Jersey; key island-wide authorities and
functionaries; execution of documents; Force Majeure and MACs; and
questions for fund directors.
Can we still hold our board meetings in the Channel
Islands?
Holding board meetings when there are potential location and
attendance issues can be concerning – here are a few pointers
to consider:
Telephonic or electronic attendance
In the current climate, it is expected that there will be a
preference for board meetings not to be held in person. The
articles of association or incorporation of a Jersey or Guernsey
company (the 'Articles') should be checked to ensure board
meetings may be held other than in person and what the requirements
are (if any).
