Offshore: Solid foundations
After four years of private client industry consultation and drafting, the Foundations (Jersey) Law will come into force on 17 July, 2009. Foundations will provide Jersey with an alternative financial planning vehicle to companies and trusts for the management, preservation, enhancement and distribution of wealth.
Jersey’s Foundations Law comes into effect on 17 July, creating a new vehicle that fuses features from Jersey companies and trusts. Giles Corbin outlines the regulations drafted after four years in the boardroom
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