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ARTICLE · 27 SEPTEMBER 2018

Jersey Set To Introduce New LLC Legislation

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Earlier this month, the States of Jersey approved the Draft Limited Liability Companies (Jersey) Law (the "Draft LLC Law"), paving the way for the establishment of limited liability companies ("LLCs") in Jersey.

JerseyCorporate/Commercial Law
Jonathan Heaney
Jonathan Heaney
Dan Perkins
Dan Perkins
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Earlier this month, the States of Jersey approved the Draft Limited Liability Companies (Jersey) Law (the "Draft LLC Law"), paving the way for the establishment of limited liability companies ("LLCs") in Jersey.

LLCs have been extremely popular in the United States for some time, and it is expected that the introduction of a vehicle that is familiar to the US market will increase the attraction of Jersey as a jurisdiction for US business, in addition to catering to the circa £170bn of North American assets and funds currently administered in Jersey. The popularity and flexibility of the LLC as a vehicle has also resulted in LLCs being introduced in the Cayman Islands and Bermuda in recent years.

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