Press Release – Team PLC
Hatstone Lawyers advised TEAM plc (“TEAM”), the AIM-listed wealth, asset management and complementary financial services group, in connection with the acquisition of the entire issued share capital of Concentric Group Limited (“Concentric”), subject to final approval from the Jersey Financial Services Commission. Concentric Group Concentric is a Jersey-based financial planning and investment consultancy business, delivering
Read MorePress Release
Press Release – Hatstone Lawyers Hatstone Lawyers in Jersey and Dublin acted for Thimba Media Limited (“Thimba”) in connection with the purchase of the entire issued share capital of Seven Star Digital Limited, which was completed in December 2021. Thimba, headquartered in Waterford Ireland, aims to become the world’s largest data-driven iGaming affiliate, providing the
Read MoreTeam PLC
Hatstone Lawyers advise Team PLC Hatstone Lawyers advised Team PLC (“TEAM”), the AIM listed wealth, asset management and complementary financial services group, in connection with the acquisition of the entire issued share capital of Omega Financial Services (Jersey) Limited (“Omega”), subject to final approval from the Jersey Financial Services Commission. Omega Omega is a Jersey-based
Read MoreBVI – Economic Substance: Enforcement and penalties for non-compliance
The penalties imposed by the Economic Substance (Companies and Limited Partnership) Act, 2018 (“ESA”) are intended to be rigorous, effective, and dissuasive, ranging from financial penalties to striking off from the registry. The BVI International Tax Authority (“ITA”) is responsible for assessing and enforcing compliance with the requirements of the ESA. Assessment Following the assessment
Read MoreImplementation of new online public Digital Registry in Jersey
Following the introduction of the Financial Services (Disclosure of Provision of Information) (Jersey) Law 2020, which came into force on 6 January 2021, regulated entities are required to appoint a nominated person and give the JFSC more information on their significant persons. New Law The new law provides a definition of the significant persons for
Read MoreCOVID-19 – Update on Business Restrictions – The Law Society of Jersey excerpt
Hatstone Lawyers advised Team PLC On Friday 18 December 2020, the Chief Minister announced that unless critical to the running of their business, islanders must work from home until further notice. Revert to home working Firms were asked to revert to home working, on the same basis as the essential employee’s scheme implemented in March
Read MoreHome Sweet Home by Alvaro-Almengor and Manuel-Carrasquilla
Home Sweet Home Alvaro-Almengor and Manuel-Carrasquilla
Read MoreData protection and working from home in the new normal
We live in unprecedented times and no matter your stance on the appropriateness of lockdown, it is undeniable the COVID-19 pandemic has forever altered the workplace. The office environment has been impacted by a fluctuating definition of essential work and a risk-based approach to distancing, but defining this era will undoubtedly be the sudden and
Read MoreNo Reasonable Trustee
Introduction The absolute discretion of trustees is often emphasised when discussing competing interests of beneficiaries. This is particularly so, as, although the court has jurisdiction under Jersey law to intervene in the exercise of the trustee’s discretion, it will not do so lightly. The trustee of a Jersey trust was recently faced with the decision
Read MorePractical considerations for the use of electronic signatures in Jersey
As the world navigates the challenges of COVID-19, demand for technologies such as electronic e-signatures is increasing significantly. As clients, businesses and public organisations implement home-working protocols in response to working from home guidance, flexibility in remote contract signings is becoming critical. Electronic signature systems Regardless of current circumstances, electronic signature systems are widely used
Read More