Limited liability partnerships (“LLPs”) are common in many jurisdictions. This briefing summarises the principle features of Jersey LLPs. A new law The Limited Liability Partnerships (Jersey) Law 2017 (the “2017 Law”) came into force on 1 August 2018, fully repealing and replacing the 1997 law of the same name. The new law brings significant improvements, […]

The Jersey Financial Services Commission (JFSC) has today issued a guidance note containing information about our approach to ICO activity. ICOs are a digital way of raising funds from the public using distributed ledger technology. The guidance note details the JFSC’s approach to businesses that wish to launch an ICO in Jersey. The note sits […]

Marking 20 years since the Jersey Financial Services Commission (JFSC) was established, the Island’s financial regulator says it’s confident it can face new challenges posed by a changing global financial environment. Unveiling its annual business plan and budget to more than 300 members of Industry on 17 January, the JFSC will set out its objectives and priorities for […]

The Jersey Financial Services Commission (JFSC) and the Joint Financial Crimes Unit (JFCU) have today issued a warning to Islanders and businesses following authorities receiving reports of intimidating ransom emails, where the recipient or their family’s lives are threatened. The emails are likely to be fraudulent and are threatening that people need to make a Bitcoin payment in […]

The JFSC has prepared and issued UPDATED Codes of Practice THAT will come into effect on 21 March 2018. Revised versions of several of the Codes of Practice will come into effect on 21 March 2018 as shown below. A track change version of each Code that has been revised can be viewed by clicking […]

A LAWYER has appeared in the Magistrate’s Court to face 38 charges involving the alleged criminal and fraudulent use of more than £100,000 of client money. Centenier Shirley Madden said that 29 of the 38 offences were allegedly committed between 24 September 2008 and 25 November 2010. Those 29 allegations relating to the alleged use […]

Jersey’s data protection laws could be overhauled if draft legislation proposed by the Council of Ministers is agreed by the States Assembly. Ministers say that the proposed laws would help to strengthen individuals’ rights, as well as ensure that Island businesses remain competitive. On 28 May next year the European Union’s General Data Protection Regulation […]

From the Jersey Evening Post.