Mourant Ozannes' Guernsey corporate team has advised on the successful admission to trading by way of placing of Rainbow Rare Earths, an East African mining company, on the Main Market of the London Stock Exchange.
Rainbow Rare Earths, incorporated and registered in Guernsey and administe...
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By Mourant Ozannes on
31 January 2017
PraxisIFM has appointed Peter Bruges to the newly created role of Group Finance Director.
Peter will oversee the group's financial reporting, corporate governance and corporate finance, as well as supporting the development and expansion of the business.
He has held senior finance, IT and prog...
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By Liquid on
31 January 2017
HSBC has appointed Tracy Garrad as Chief Executive Officer for the bank’s operations in the Channel Islands and the Isle of Man.
Tracy, currently the Chief Executive Officer of First Direct, succeeds Ewan Stirling, who is retiring after more than 31 years with HSBC.
Based a...
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By Crystal PR on
31 January 2017
Andrew Tually, Counsel at offshore law firm Carey Olsen, has left the Guernsey office to join the firm's Singapore business.
Ben Morgan, Partner in Carey Olsen's Guernsey office, said: “Andrew is an experienced lawyer who has been with the firm for nearly 10 years, advising a wi...
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By Orchard PR on
31 January 2017
Economic forecasting group the EY ITEM Club has outlined how the Channel Islands will be affected by the shifting makeup of the UK economy in the coming years.
According to the group’s winter forecast, the recent slump in sterling should prompt a significant readjustment of the UK economy, aw...
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By Orchard PR on
30 January 2017
Digital Jersey, in partnership with the Health and Social Services Department and the Primary Care Body, has launched the island’s strategy for digitising its health and care system by 2025.
The Digital Health & Care Strategy, launched at the organisation’s 2016 Annual Review event,...
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By Marcom Collective on
30 January 2017
Wealth management business LGT Vestra (Jersey) has appointed Paul Soares as Business Development Director for the Channel Islands.
Paul joins from Brooks Macdonald, where he spent six and a half years as International Head of Adviser Solutions.
At Brooks Macdonald, Paul implemented the Model...
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By LGT Vestra on
30 January 2017
Financial services provider Hawksford has supported the sale of a significant stake in online beach holiday provider On the Beach.
Hawksford acted as a trustee and shareholder on the sale of 2.8 million shares at 240.00 pence on the London Stock Exchange in December 2016, helping to raise &po...
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By Liquid on
30 January 2017
International credit rating agency Standard and Poor's (S&P) has re-affirmed the sovereign credit rating of Guernsey as AA-/A-1+ with a stable outlook, following an evaluation earlier this month.
The rating demonstrates Guernsey's capacity to meet its financial commitments in the short ...
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By States Of Guernsey on
30 January 2017
Rating agency Standard & Poor’s (S&P) has maintained Jersey’s credit rating at AA- as part of its regular, bi-annual review.
S&P noted: “Our ratings on Jersey reflect our view of the island’s strong and flexible institutions, wealthy economy and considerable fisc...
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By States of Jersey on
27 January 2017
The Minister for Economic Development, Tourism, Sport and Culture, Senator Lyndon Farnham, has published proposals for a new tourism law.
The consultation paper advocates replacing the existing Tourism (Jersey) Law 1948 with a streamlined law based on six key principles:
• Improve conditions f...
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By States of Jersey on
27 January 2017
Mourant Ozannes has received the China Business Law Journal Deal of the Year recognition for its involvement in the offshore debt restructuring of Kaisa Group, the first Chinese property developer to default on US bonds.
Mourant Ozannes advised the steering committee of bondholders on not...
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By Mourant Ozannes on
27 January 2017
Trust and corporate services provider Equiom has promoted Sarah Vooles and Jack Nicholls (pictured) to Manager and Senior Manager respectively in the Client Services department.
Sarah has been working in the finance sector for 20 years with a more recent focus on looking after registered offi...
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By Equiom on
26 January 2017
Ipes, the provider of outsourced services to private equity in Europe, has appointed Adrian Gardner as Chief Financial Officer.
Adrian, a chartered accountant, is an experienced CFO with a broad range of experience. Until recently, he was CFO of FTSE 250 financial services firm International...
[read more]
By Ipes on
26 January 2017
As part of international Data Protection Day on 28 January, the Office of the Information Commissioner and Data Protection Commissioner is calling on all businesses in the Channel Islands to ensure they make themselves aware of impending legislative changes that will have significant ramifications f...
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By Liquid on
26 January 2017
Notices to be issued by HMRC to trust and company services providers in February are likely to conflict with the client's right to legal professional privilege (LPP), says the Law Society of England and Wales.
According to a report by STEP, the notices will request firms that advise clients on ...
[read more]
By STEP on
26 January 2017
The Head of KPMG UK’s Family Office Services, a Legal Director at Mishcon de Reya, and the Head of Philanthropy Services UK at UBS are among the first group of speakers to be confirmed for BL Events’ Jersey Private Client Conference.
An early bird delegate rate is still available, but w...
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By BL Global on
25 January 2017
BVI Finance Limited, the newly created public-private partnership to support the British Virgin Islands’ financial services industry, has elected nine people to its board of directors.
At its first Annual General Meeting, held on 19 January, BVI Finance’s Interim Executive Directo...
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By BL Global on
25 January 2017
Locate Guernsey facilitated 21 relocations and created 36 local jobs in 2016, it announced at its Year in Review event this morning.
Working with a budget of £400,000 and a team of four, the organisation has returned an annualised financial benefit to the exchequer of almost £700,000.
...
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By Orchard PR on
25 January 2017
BL Events has confirmed the full list of speakers who will be sharing their expertise at the forthcoming Channel Islands NEDS Forum: Life in the Hot Seat.
The event is aimed at non-executive directors in the Channel Islands. It is produced in partnership with Deloitte, and sponsored by JTC Group an...
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By BL Global on
23 January 2017
Jersey-based provider of trust and company administration services Helm Trust Company has appointed Claire Machin as a Director.
Claire brings more than 20 years’ experience in the finance industry to the role. She has woked with Helm since 2010, most recently as Associate Director.&nbs...
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By Advertising International on
23 January 2017
Walkers (Jersey) is advising one of the largest Russian regional banks, Bank Saint Petersburg (BSPB), on the launch of a private equity fund.
The fund will focus on private equity investments aimed at high-growth technology companies in Russia and elsewhere.
It is the first investment struct...
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By Walkers on
23 January 2017
Sam Shires, Partner at Walkers in Guernsey, has become a Guernsey Advocate.
Advocate Shires, who studied law and commerce in New Zealand before completing his masters in law at Cambridge, has lived in Guernsey for 12 years.
Advocate Shires has also spent time working and living in France, wh...
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By Liquid on
23 January 2017
Guernsey’s fund industry has enjoyed five consecutive quarters of growth, according to the latest figures released this week.
Statistics from the Guernsey Financial Services Commission (GFSC) show that, at the end of September 2016, the net asset value of all funds under management and admini...
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By Orchard PR on
20 January 2017
Sure’s operations in two regions – the Channel Islands and Isle of Man, and the South Atlantic and Diego Garcia – will now be managed as one group, headquartered in Guernsey.
Ian Kelly (pictured), who has been CEO of the telecomms group’s South Atlantic and Diego Garcia oper...
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By Orchard PR on
20 January 2017
International law firm Mourant Ozannes has signed an agreement to lease two floors of office space and the rotunda in the Royal Chambers development on St Julian's Avenue, Guernsey.
The office, located in the centre of St Peter Port, will house the firm's 147 Guernsey staff, including 14 pa...
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By Mourant Ozannes on
19 January 2017
Not-for-profit body Leadership Jersey is to hold its first event of the year – Achieving Excellence in Financial Services: The Role of the Leader – on 9 February at the Royal Yacht Hotel, Jersey.
John Harris, Director General of the Jersey Financial Services Commission, will share his v...
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By Marketing & Events on
19 January 2017
Jersey has been named International Finance Centre of the Year at the Citywealth IFC Awards, held last night at Lord’s Cricket Ground in London. William McGilivray, Business Development Director at Jersey Finance, is pictured (right) accepting the Award.
The awards were establi...
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By Citywealth on
19 January 2017
Equiom Solutions, part of the international Equiom Group, will be hosting its annual seminars to discuss key issues concerning tax and estate planning for Channel Islands residents.
There will be two seminars, held on 1 February at the Royal Yacht Hotel in Jersey and 2 February at The Old Governmen...
[read more]
By Equiom on
19 January 2017
Locate Guernsey will announce the results of its first year of activity at a presentation at St James on 25 January.
The initiative was set up to encourage entrepreneurs, established businesses and individuals to relocate to Guernsey. The objective was to generate additional revenue for the i...
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By Orchard PR on
19 January 2017
Carey Olsen Senior Associate and Dispute Resolution Specialist Tim Bamford was called to the Guernsey Bar on Monday 16 January.
Advocate Bamford has completed the Guernsey Bar exams and the Certificat d’Études Juridiques Françaises et Normandes at the University of Caen, whi...
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By Orchard PR on
19 January 2017
Independent fund and corporate service provider Crestbridge has appointed corporate lawyer Danny Cole as a Director of Corporate Services.
Based in the firm’s Jersey office, Danny will be responsible for merger and acquisition deals, services to complex structures and directing a number of en...
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By Crystal PR on
18 January 2017
The Channel Islands Securities Exchange (CISE) has promoted two members of staff.
Mark Oliphant (left) is now Head of Communications and Cameron Craine has been promoted to Manager within the listings admissions team.
Mark joined the CISE in June 2015, having spent nearly a decade at G...
[read more]
18 January 2017
Mourant Ozannes' Guernsey corporate team has advised Johannesburg Stock Exchange-listed Growthpoint Properties on its investment in AIM-listed Globalworth Real Estate Investments, resulting in Growthpoint taking a holding position in Globalworth of around 27 per cent.
Growthpoint is a Sou...
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By Mourant Ozannes on
18 January 2017
Jersey trust company Alex Picot Trust Company, which now operates independently to Alex Picot Chartered Accountants, has added a Tax Consultant and a Marketing Manager to its team.
Tax specialist Hannah Roynon-Jones joins Alex Picot having spent three and a half years with EY. She will advise on Je...
[read more]
By Alex Picot Group on
18 January 2017
A new air taxi service is due to launch in the Channel Islands this year, with a leased fleet of three aircraft connecting the islands.
Based in Guernsey, the operation - Waves Technologies - will serve passengers from a private facility next to the main Guernsey airport terminal.
Initially,...
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By Waves on
17 January 2017
Collas Crill has made several promotions. Simon Heggs, Nin Ritchie and Anna Douglass have been promoted from Associate to Senior Associate in Guernsey, while Alex Jeffery has been promoted to Associate in Jersey.
Simon (left) works in the firm's commercial team. In his new position, h...
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By Collas Crill on
17 January 2017
Jersey-based Penta Investments closed its 2016 business year with the sale of Florentinum, its first development in the Czech Republic, to Chinese investment group CEFC for an undisclosed sum.
Florentinum, designed in collaboration with the late architect Zaha Hadid, opened in 2014 and is home to 7...
[read more]
By Suzanne le Lay on
16 January 2017
This year’s annual Guernsey Report from eprivateclient takes a look at the hot topics from the past 12 months – Brexit, CRS, people moves, Guernsey’s evolving trust legislation and the biggest headlines from 2016 – which have led to a busy time for MBOs and M&A ...
[read more]
By TWN Extra on
16 January 2017
Isle of Man-based corporate and trust service provider SMP Partners has opened a new office in Jersey.
Recently granted a corporate and trust services licence by the Jersey Financial Supervision Commission (JFSC), SMP is using the move to diversify its service offering.
Mark Denton, Managing ...
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By Isle of Man Advertising & PR on
16 January 2017
The Jersey Financial Services Commission (JFSC) has launched an island-wide public awareness campaign to highlight the growing issue of investment mis-selling in Jersey.
Run in association with the Personal Finance Society (PFS) – the professional body for UK financial planning – the ca...
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By Jersey Financial Services Commission on
16 January 2017
The next Institute of Directors Guernsey Winter Seminar will take place on Friday 27 January.
Entitled Crisis Management at the Top, the seminar will be held at 12.15pm at the Digital Greenhouse.
It will be a panel-led discussion. The panel will consist of Daragh McDermott, JT’s Corpor...
[read more]
By Direct Input on
16 January 2017
Comptroller and Auditor General (C&AG) Karen McConnell’s review into the Jersey Innovation Fund (JIF) has spelled out significant deficiencies in the fund, which was set up in 2013 to help bring new products or services to the market.
Since 2013, when the States Assembly agreed to t...
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By Jersey Audit Office on
13 January 2017
Elvina Aghajanyan has become the new Head of Human Resources for HSBC in the Channel Islands and Isle of Man.
In her new role, Elvina will lead the HR division of the bank. She will focus on talent management and succession planning for key roles, and support staff in their career development throu...
[read more]
By Crystal PR on
13 January 2017
Digital Jersey is presenting its Annual Review and the launch of its Digital Health Strategy at a breakfast meeting on Wednesday 25 January.
The free-to attend event, at the Freedom Centre in St Helier, will highlight Digital Jersey’s achievements in 2016 and its plans for the year ahead.
Be...
[read more]
By Digital Jersey on
12 January 2017
Following the signing of a decree on 30 December by Portugal’s Minister of Finance, Jersey has been removed from the country’s blacklist.
According to the Government of Jersey, the decision was based on several factors:
• Jersey’s Tax Information Exchange Agreement with Port...
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By States of Jersey on
12 January 2017
Wealth management specialist Spencer Mariscal has been been named Investment Director at Canaccord Genuity Wealth Management in Jersey.
The move sees Spencer rejoining Canaccord – he previously spent more than 14 years with Collins Stewart, which was acquired by Canaccord in 2012.
More...
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By Orchard PR on
12 January 2017
Financial services group PraxisIFM Fund Services (UK) has worked with RM Capital Markets (RM) on the initial public offering of RM Secured Direct Lending on the premium segment of the London Stock Exchange.
Gross proceeds of £50.3 million were raised following the issue.
The inve...
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By Liquid on
12 January 2017
Guernsey is again the global finance industry’s number one choice for non-UK entities listed on the London Stock Exchange (LSE), according to Guernsey Finance.
LSE data released this week shows there were 124 Guernsey-incorporated entities listed on the Main Market and AIM at the end of...
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By Nick Kirby on
11 January 2017
Guernsey-headquartered investment management group MitonOptimal International has merged with Blythe Financial, an Isle of Man-based investment advisory business.
The transaction and the granting of a discretionary fund management (DFM) licence – both of which have been approved by the Isle o...
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By Liquid on
10 January 2017
Savills UK has extended its Channel Islands presence with the acquisition of Guernsey-based Montagu Evans Channel Islands.
The move will combine with Savills’ existing residential offer in Jersey, which was established in 2007, to provide a real estate service across the jurisdictio...
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By Savills on
10 January 2017
The Institute of Directors has responded to the States of Jersey’s proposals to reduce licences for migrant workers.
As reported earlier today, Ministers are planning to reduce the number of permissions available to businesses to employ newer migrants.
Large businesses employing more ...
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By IoD on
10 January 2017
STEP’s worldwide Board of Directors has appointed George Hodgson as Chief Executive Officer, following a six-month recruitment process.
Previously Deputy Chief Executive of the society, George has served as Interim Chief Executive Officer since the departure of David Harvey in June 2016. ...
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By STEP on
10 January 2017
The Channel Islands Securities Exchange (CISE) has reported that there were 502 new listings during 2016.
This represents an 18.7 per cent increase on the previous year, taking the total number of listings on the Exchange to 2,272 at the end of December.
During 2016, the market capital...
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By CISE on
10 January 2017
Ministers are introducing measures in Jersey to reduce the number of permissions available to businesses to employ newer migrants.
The aim is to ensure migration is more focused on delivering the greatest social and economic value, while also creating a fairer allocation of permissions acros...
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By States of Jersey on
9 January 2017
Financial services group Sanne has made two senior appointments. Eric Watson has been named Chief Operating Officer as his predecessor, Phil Godley, moves into a new group role of Senior Managing Director.
Based in the firm’s Jersey headquarters, Eric will oversee the group support fun...
[read more]
By Liquid on
9 January 2017
Litigation and dispute resolution law practice Baker & Partners has appointed Debbie Sebire as Director of Regulation.
Debbie brings more than 25 years of experience within Jersey’s finance industry to the firm, particularly in the local trust and regulatory environment.
During her...
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By Marcom Collective on
9 January 2017
Robert Christensen, currently Chairman of Jersey Finance, has been sworn in as a Jurat of Jersey’s Royal Court.
The office of Jurat is considered the highest elected position to which a citizen can be appointed. Alongside the Bailiff as presiding judge, Jersey’s 12 Jurats constitut...
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By Jersey Finance on
9 January 2017
The Jersey branch of the Institute of Directors (IoD) has launched its annual search to identify the island’s top leaders across the private, public and voluntary sectors.
Nominations for the 2017 Jersey Director of the Year Awards can be made online now at www.iod.je until Friday 10 February...
[read more]
By Crystal PR on
6 January 2017
The latest edition of BL magazine is now available online. As this is our first edition of 2017, we’ve asked a number of experts across finance, technology, tourism, retail and law to give their view on what lies ahead for 2017.
Nick Kirby, Editor-in-Chief of BL magazine, says: “Last ye...
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By BL Global on
5 January 2017
The Guernsey Financial Services Commission (GFSC) has published a new set of rules that clarify the regulatory treatment of collateralised reinsurance, including insurance-linked securities (ILS), and allow for a one-day approval process.
From 1 January 2017, under the Insurance Business (Spe...
[read more]
By Orchard PR on
5 January 2017
Sixty per cent of limited partnerships across the world plan to increase or maintain the amount of capital they have invested in PE funds in offshore locations in the next five years, according to research commissioned by Mourant Ozannes.
The research, which polled 260 limited and general par...
[read more]
By Mourant Ozannes on
5 January 2017
Peter Brown has been appointed Head of Funds at RBS International to oversee the bank’s alternative funds offering.
Peter has more than 25 years’ experience in corporate and institutional banking, and most recently led the RBS Financial Institutions Group in the UK, which included the R...
[read more]
By Crystal PR on
5 January 2017
Jonathan Dell, Director of Finance, Risk and Compliance at Skipton International, has been promoted and joins the board as its second Executive Director.
Since joining Skipton in 2003 as Financial Controller, Jonathan has held responsibility for all aspects of finance, risk management, compli...
[read more]
By Direct Input on
5 January 2017
Guernsey-based business risk consultancy Redwood Offshore has appointed Lance Barclay to the role of Senior Manager.
In the new role, Lance is responsible for compliance, anti-money laundering training, and appointing money laundering reporting officers to short and long-term contracts.
Lanc...
[read more]
By Redwood Offshore on
5 January 2017
By Derek Baudains, CEO, Louvre Group, Guernsey
This year, the aftermath of the Brexit vote and the American election result will inevitably bring changes at a macroeconomic level, and the ripples of change and general uncertainty will affect investor confidence.
It’s generally agreed that th...
[read more]
By BL Global on
5 January 2017
By Fiona Le Poidevin, CEO, Channel Islands Securities Exchange
If 2017 proves to be anything like as historic as 2016, then we’re in for one unpredictable ride. What Trump’s victory in the US presidential election and the vote for Brexit have prolonged is the period of uncertainty, whic...
[read more]
By BL Global on
5 January 2017
By Julia Hands, Chairman and Chief Executive, Hand Picked Hotels
What is the future for tourism in the Channel Islands in 2017? This year will be one of the most difficult to predict, in the face of unprecedented change worldwide. However, what is known is that the biggest challenge facing the UK, ...
[read more]
By BL Global on
5 January 2017
By Neil McCluskey, Head of Corporates, Barclays, Jersey
By all accounts, 2016 was the year that defied prediction. Across the world the public has defied pollsters by voting for change, whereas corporates have been much more cautious.
This is a trend that I think will continue through 2017. ...
[read more]
By BL Global on
5 January 2017
Cyrille Joffre, Chief Technology and Information Officer, Sure
There's never been a better time to innovate – knowledge is a commodity and the adoption time for new technology is quicker than ever (it took just 60 days for PokemonGo to reach 100 million downloads).
It’s relatively ...
[read more]
By BL Global on
5 January 2017
By James Orrick, MD, Private Equity Administrators, Guernsey
“I try not to get involved in the business of prediction. It’s a quick way to look like an idiot.” So said British author Warren Ellis.
The final months of 2016 were particularly interesting, with the UK in a cons...
[read more]
By BL Global on
4 January 2017
By Barbara Corbett, Partner and Head of Family Law, and Jean-Marie Renouf, Partner, Benest Corbett Renouf, Jersey
There is so much legislation these days, and so many cases in the Royal Court that interpret and reframe the laws that the States pass, that it’s very hard to provide any concre...
[read more]
By BL Global on
4 January 2017
By Hana Plsek, Associate, Collas Crill, Guernsey
Whilst 2016 saw a great deal of attention paid to global issues and how they will affect our island, in 2017 we will also need to look at changes closer to home. Some significant legal developments in Guernsey may have a major impact on our infrastru...
[read more]
By BL Global on
4 January 2017
By Mark Cox, Chief Operating Officer, Channel Islands Co-operative Society
Looking ahead to 2017, what can we expect? After a period of flux with major political and economic events affecting both consumer and business confidence, it looks like we're facing a period of price inflation; go...
[read more]
By BL Global on
4 January 2017
Jersey-based trust company Consortia is to be acquired by Guernsey-based investment vehicle the Financial Services Opportunities Investment Fund (FSOIF).
FSOIF, launched by Ravenscroft in October 2016, has agreed terms to acquire 100 per cent of the issued share capital of Consortia Partnership and...
[read more]
By Liquid on
3 January 2017
Channel Islands retailer SandpiperCI is expanding into the Isle of Man with the acquisition of Tynwald Mills, the Isle of Man’s only department store.
The 50,000 sq ft store was established more than 30 years ago. Originally, a woollen mill producing cloth for stores such as Marks & ...
[read more]
By Addendum PR on
3 January 2017
Guernsey-based Bailiwick Investments is to take a 13.4 per cent stake in construction services firm SigmaRoc, which is poised to buy Channel Islands building supplier Ronez.
SigmaRoc's takeover of Ronez is to be listed on the Alternative Investment Market of the Lond...
[read more]
By Liquid on
3 January 2017