Significant changes affecting non-UK domiciled individuals owning UK residential property, which were due to take effect after 6 April 2017, have been put on hold.
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Banking and Finance
Jersey has launched a new, simplified Private Funds regime, with effect from 18 April 2017.
Pinel Advocates is still accepting instructions from clients and intermediaries looking to restructure before 5 April 2017. Time is now tight, but completion is still possible.
Advocate Andrew Pinel, Partner, is to speak at the 2nd Annual Real Estate & Real Estate Funds Conference on 13 June 2017 at the Hotel de France, Jersey.
Pinel Advocates has been named Corporate/Commercial Law Firm of the Year 2017 by Acquisition International.
Jersey is meeting the latest international standards with the creation of a new Resolution Law, changes to the Deposit Compensation Scheme and to other areas of banking regulation.
Andrew Pinel will be speaking at the Digital Jersey Hub at 12.45pm on 22 March 2017 on the subject of setting up a business in Jersey, contracts and corporate documents and licensing issues.
The States Assembly passed the Bank (Recovery and Resolution) (Jersey) Law 201 on 14th February 2017 (Resolution Law). It is essential that banks in Jersey consider the dramatic changes brought about by the Resolution Law and plan or seek advice about its coming into force.
UK tax changes for 'non-doms' are due to take effect from 6 April 2017. Private client structures in Jersey require immediate attention and consideration.
Pinel Advocates is delighted to announce the recruitment of James Mews as Counsel, continuing the successful growth of the business.
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.
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.