Whilst each institution has a unique suite of issues, there tend to be common objectives which include:
Simplifying group structures by merging and/or
Consolidating vehicles and regulatory licences;
Satisfying revised capital adequacy and solvency requirements;
De-risking by effecting disposals of non-core business, clients or portfolios;
Developing core business and associated infrastructure through investments and acquisitions.
There are a number of potential options available for corporate restructuring in a regulated environment including:
Contractual assignments of business portfolios;
Corporate Schemes of Arrangement under Part 18 A of the Companies (Jersey) Law 1991 (the Companies Law);
Corporate Mergers under Part 18 B of the Companies Law;
Segregated Account/ Trust Schemes;
Transfers under the Banking Business (Jersey) Law 1991 (the Banking Law).