Moving To Jersey

During the second half of 2011, we advised longstanding client of the firm and FTSE 250 company Centamin Egypt Limited (Centamin Egypt) on the transfer of its corporate domicile from Australia to Jersey. The transaction involved a multi-jurisdictional team and was completed in record time; approximately four months from start to finish. In this article, we provide a brief overview of the transaction and highlight some of the key considerations for companies considering a similar move.

1. Overview

The transaction took the form of a 'top-hat' scheme of arrangement in Australia and involved the following principal steps:

• The incorporation of a new Jersey top company, Centamin Plc (New Centamin);