(Jersey) Jersey Private Fund (JPF) Regime

In April 2017, the Jersey Financial Services Commission ("JFSC") introduced a new private investment fund regime, the "Jersey Private Fund" ("JPF"). The introduction of the JPF amalgamated and replaced three other Jersey private fund products: the Very Private Fund, Private Placement Fund and COBO Only Fund. New applications under the older regimes are no longer possible.

Speed of establishment, together with appropriate and proportionate regulation for the sophistication of the investor base, are the unique selling points of this new fund product.

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(Global) Comparison of Companies - Cayman Islands, British Virgin Islands, Bermuda, Jersey, Guernsey and Ireland

The decision as to where to incorporate an offshore company can only be made based on the specific features of the transaction in question. It is not possible to make a general assertion that one jurisdiction is always more appropriate than another. This note does not therefore attempt to guide the reader to any one jurisdiction over another. Instead it highlights some of the features common to the Cayman Islands, British Virgin Islands (the "BVI"), Bermuda, Jersey, Guernsey and Ireland, describes certain of the legal requirements in respect of companies in each jurisdiction and examines some of the factors to consider when deciding which jurisdiction to use.

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(Guernsey) Private Trust Companies

A settlor, when establishing a trust, will typically draw from the following categories of potential trustees:

  1. individuals who they know and trust, who are familiar with the settlor's affairs and who typically have a relevant professional background (eg lawyer, accountant, family business etc.);
  2. professional trust companies, whether bank-owned, private equity-backed or independent, who provide trust services to clients as their business; and
  3. private trust companies, that is, companies incorporated purely for the purposes of acting as trustee of a particular trust or trusts.

The purpose of this note is to look at this last caterory in more detail. 

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(Guernsey) The Uses of Guernsey Trusts

The purpose of this briefing note is to set out some of the benefits of Guernsey trusts. Primarily, they revolve around wealth management and preservation, but they can serve many purposes and take many forms, depending on the requirements in each particular case.

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(Guernsey) Hybrid or Non-Charitable Purpose Trusts

The purpose of this briefing note is to set out some of the benefits of Guernsey purpose trusts, whether hybrid or non-charitable, the main issues to consider when contemplating the establishment of a purpose trust, their main features
and some of their uses. Primarily, the benefits revolve around wealth management and preservation, but they can serve many purposes and take many forms, depending on the requirements in each particular case.

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