Further updates to the JFSC’s AML Handbook
On 31 May 2021, the handbook for the prevention and detection of money laundering and the financing of terrorism for regulated financial services business (the AML Handbook) published by the Jersey Financial Services Commission (JFSC) will be updated. The amendments are made as a direct result of the consultation undertaken by the JFSC in March of this year with regard to aligning Jersey’s regulatory regime with the Financial Action Task Force (FATF) 2012 Recommendations.
Changes to the rules on Bermuda status for children
The Government of Bermuda has recently introduced changes to assist with the process of verifying and obtaining Bermuda status for children born to parents of Bermudians, to help address concerns relating to so-called ‘mixed status families’. This article explores some of the nuances of obtaining Bermuda Status and highlights the differences these amendments will make.
2021 - A Jekyll and Hyde Year for SPACs
In this article we offer our views on why this has happened and look ahead to the future for SPACs and what may happen next.
The Gender Pay Gap Debate – a response to comments on social media
As a lawyer the majority of articles we write are about a particular case or a legal issue – which I appreciate may be interesting to us and people with an interest in the topic, but not for everyone. As a rule we don’t tend to publicise our views on political subjects or express opinions on controversial subjects. However, I was recently invited to take part in a televised panel debate around the gender pay gap via TableTalk.
Jersey - extension of economic substance requirements to partnerships
Draft legislation has been lodged for debate in the Jersey legislature which will have the effect of extending the economic substance requirements, introduced for companies tax resident in Jersey in 2019, to partnerships. The legislation is scheduled to be debated on 29 June 2021 and if approved will come in to force shortly thereafter.
Jersey to permit investment in lawful cannabis related businesses
Proposals have been lodged with the Jersey legislature to amend the Proceeds of Crime (Jersey) Law 1999 expressly excluding lawful cannabis related activity from the definition of “criminal conduct”. This article is an in-depth review of the cannabis industry and Jersey’s relationship to it.
Maintaining a robust profile at the top of multiple sectors
This Country Report provides the latest update on how Bermuda is positioning itself as the perfect base for top professionals seeking to embrace the emerging trend of home working.
Jersey: Mergers & Acquisitions Comparative Guide
This country-specific Q&A provides an overview to Mergers & Acquisitions laws and regulations that may occur in Jersey.
British Virgin Islands: Mergers & Acquisitions Comparative Guide
This country-specific Q&A provides an overview to Mergers & Acquisitions laws and regulations that may occur in the BVI.
Podcast - Real Estate - Key considerations when structuring property holding vehicles
This month, Christophe Kalinauckas, Group Partner at Appleby in Jersey joined Stephanie Workman, Senior Manager, Real Estate Services at Crestbridge for the latest in a series of podcasts by Crestbridge entitled Real Assets. Real Expertise. In this podcast Christophe shares insights into the popular structures clients use for holding commercial and residential real estate.
