This Order came into force on 26 September 2016 and extends the scope of the Money Laundering (Jersey) Order 2008 to virtual currency exchange businesses and adds to a suite of legislation regarding virtual currency in Jersey.
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On 23 November 2016, as part of the Autumn Statement, it was confirmed that from April 2017 UK inheritance tax will be charged on UK residential property which is held indirectly by a non-domiciled individual through an offshore structure.
On 1 November 2016 the States adopted the Limited Liability Partnerships (Jersey) Law 201-. The Law, which awaits Privy Council approval, replaces the Limited Liability Partnerships (Jersey) Law 1997 and aims to make the Jersey Limited Liability Partnership (“LLP”) a more competitive vehicle.
Businesses and companies in Jersey will have today received many new consents issued under the Control of Borrowing (Jersey) Order 1958.
Pinel Advocates is delighted to announce the addition of former Jersey Probate Registrar, Michele Laurent, to its team.
Pinel Advocates recently welcomed a lawyer with commercial property expertise to its team, continuing the successful growth of the business.
As of 1 January 2017, new fees will apply to the Jersey Companies Registry.
Pinel Advocates has been praised for its work in Financial and Corporate and Investment Funds by the 2016 edition of the IFLR 1000 legal rankings.
The Channel Islands Securities Exchange has recently revised its membership and listing rules.
Consultation on new Funds Section to AML/CFT Handbook.
Are your Powers of Attorney valid under Jersey law?
The draft Limited Liability (Jersey) Law 201- would replace the Limited Liability Partnerships (Jersey) Law 1997 and aims to make the Jersey LLP more competitive so that it is used as a vehicle of choice for local and international businesses.
Inaugural Annual Conference to be held today in Jersey.
The private equity and venture capital summit will be held at the Landmark Hotel in London on 5 and 6 October 2016.
The firm celebrates is seventh year of business with independent commendations
As well as introducing the requirement to give details of Persons with Significant Control (“PSCs”), the UK Small Business Enterprise and Employment Act 2015 has replaced the manner in which key details of companies and limited liability partnerships are updated.
Pinel Advocates is pleased to have taken part in the consultation regarding the regulation of virtual currencies, which resulted in the Proceeds of Crime (Miscellaneous Amendments) (Jersey) Regulations 2016. The Regulations were adopted by the States of Jersey on 15 June 2016 and are expected to come into force in September.
So what happens to our digital legacy? Whilst English and Jersey case law on the subject of the transfer of digital assets is virtually non-existent, there are some steps you can take to ensure your digital assets are protected in the future.
The Channel Islands Financial Ombudsman (the “CIFO”) is the joint Channel Islands operation to resolve financial services complaints and point out opportunities for improvement.
On 1 June 2016 the JFSC entered into a memorandum of understanding with the Prudential Regulation Authority (PRA) and Bank of England.