Jersey First Choice For Offshore Security

Jersey has introduced a new security interests regime, bringing it in line with modern international standards and making Jersey even more attractive to lenders where an offshore vehicle is required to give security.

Offshore vehicles regularly provide security over their intangible movable property (e.g. bank accounts, shares, etc.) as part of transactions varying from group corporate financing activities for multinational companies, to finance for high net worth individuals via personal investment companies. Difficulties may arise, for example, due to local requirements for taking security or a lack of information on competing interests.

Jersey's new security interests law has introduced an online, fully automated security registration system. This will greatly assist with recognising the existence, perfection and priority of security; a significant benefit to any parties giving or receiving security.