Jersey Company Law Series - Continuations

The Companies (Jersey) Law 1991, as amended (the "Law") allows for companies incorporated outside of Jersey to migrate and become a Jersey entity and similarly allows for a Jersey company to migrate out of Jersey and into another jurisdiction.

Migrations in to Jersey

A company that is registered in a foreign jurisdiction may, if the laws of that foreign jurisdiction permit it to do so, migrate out of that jurisdiction and into Jersey. The effect of this is as follows:

• the property and rights of the company immediately prior to the migration continue to be the property and rights of the company;
• the company continues to be subject to all criminal and civil liabilities, contracts, debt and other obligations; and