The new guidelines, produced in conjunction with law firm Bedell Cristin, reflect changes to the Island’s company law since 1994 when the guide was first published.
However, as a number of further changes are anticipated, the loose-leaf design will enable updates to be added as and when they arise.
hapters cover the nature and types of companies, legal status and duties of directors, risks and how to minimise them, and the rights of company shareholders.
n particular, the guide takes in recent changes brought about by amendment 6 to the Companies (Jersey) Law and new legislation for the regulation of trust and company service providers.
Reports produced in the United Kingdom, including the recent Higgs proposals on corporate governance, will also have an impact on directors’ responsibilities in Jersey.
dvocate Shane Hollywood, partner at Bedell Cristin and one of the team responsible for the content, said that although some Jersey procedures were peculiar to the Island – for example, if a company went en désastre – any practitioner familiar with UK law would be aware of the main issues.
‘Essentially the concerns are the same,’ said the advocate.