What is the purpose of the board of directors? The board of each company has specific aims and responsibilities that should ultimately work towards the long term success of the company. The responsibilities of the board and each individual board member are very rarely set out in the company’s constitutional documents; rather they are often
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In short, No, there are still opportunities, albeit they need to be properly sought out and negotiated. There are many considerations to take into account when considering investment into UK property, be it a residential or commercial. These considerations range from the existing ownership structure and proposed debt structuring to the more complex issues such
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Jersey Finance, which is a body that represents and promotes Jersey internationally, commissioned an independent report to illustrate Jersey’s important role in the effective management of pension funds and other institutional assets. The release of the report is not in response to the recent media attention to the Paradise Papers however, the timing is right
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In the recent case of In the Matter of the F Charitable Trust [2017] JRC 142 the Jersey Royal Court (Court) provided guidance to the trustees as to what it expected from them when they plan to engage in litigation on behalf of the trust and what will the Court consider in order to bless
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For any Trustees of Group company schemes wanting to retire as Trustees they should be aware of the recent ruling in the Jersey Royal Court regarding a Jersey based trust (the “Trust”) and the Trustee’s desire to retire as Trustee. RBC Trustees (Guernsey) Limited (the “Representor”) were appointed as Trustees of the Trust by an
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Introduction LEIs! A term that trustees will now be all too familiar with, this note will be of interest to trustees who have clients who are legal entities or structures, including a company, charity or trust, and eligible for an LEI. What is an LEI? An LEI is a unique identifier for persons that are
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High Net worth individuals are increasingly interested in acquiring art and collectibles, whether it is as a pure investment to diversify from traditional asset classes, or for social and cultural reasons. No matter the driver for the acquisition or holding of Art, it is imperative that the Trustees take a diligent and meticulous approach in
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Autumn Statement 2016 introduced no further restrictions to the UK registered pension regime but that is only because more than enough meddling has taken place over recent years. Gordon Brown commenced a decade of change in 2006 with the introduction of the lifetime and annual allowances. Both of these allowances essentially put a limit on
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