Jersey has introduced a welcome and straightforward statutory
regime to allow non-Jersey limited partnerships to continue (ie
migrate) into Jersey.
SUMMARY
The statutory continuance regime came into force
in July 2020 under the Limited Partnerships (Continuance)
(Jersey) Regulations 2020 (the "Continuance
Regulations").
EFFECT OF CONTINUATION
On and from the date that the non-Jersey limited partnership
receives its "certificate of continuance" from the
Registrar of Limited Partnerships in Jersey (the
"Registrar"), the Limited Partnerships
(Jersey) Law 1994 (the "Jersey LP Law")
will apply to the limited partnership and it will not be treated as
a limited partnership formed under another jurisdiction's
laws.
