Business News Archive

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July  2013  (122)

  • C5 Alliance acquires Itex Holdings

    John Averty and Mark LoaneC5 Alliance Group Limited has today announced its acquisition of Itex Holdings Limited in Jersey, Guernsey and the Isle of Man, previously owned by Media Group, Claverley. It is hoped that bringing together the joint skills of over 150 IT experts from both companies will create opportunities for gr...     [read more]

    By Orchard PR on  31 July 2013 
  • Global Forum on Tax Transparency: New reports review jurisdictions’ information exchange

    The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange. Later this year, most of these reviews will feed into the ratings assigned to 50 jurisdictions, backing G20 and Globa...     [read more]

    By OECD on  31 July 2013 
  • GFSC extends consultation on consolidating and revising the regulatory and supervisory legislation

    In June 2013 the Commission issued a Consultation Paper on consolidating and revising the regulatory and supervisory legislation for which it is responsible. In response to the level of interest by industry the Commission has extended the period of consultation to Wednesday 9 October 2013 (from Wed...     [read more]

    By Orchard PR on  31 July 2013 
  • Ogier assist Orsu Metals Corporation

    Ogier have assisted their client, Orsu Metals Corporation, the London based dual listed (TSX and AIM) base and precious metals exploration and development company, with the British Virgin Islands elements of a subscription for shares and warrants in Orsu by Gold Fields Exploration B.V., a wholly own...     [read more]

    By Ogier on  31 July 2013 
  • UK Treasury should undertake review of Corporation Tax

    businesslife.co logoThe UK faces a serious problem of avoidance of corporation tax, due in part to the complexity of the tax regime in the UK, but mainly because the international tax system gives multinational companies opportunities to shift profits between countries in ways that reduce their liabilities in the UK. T...     [read more]

    By House of Lords on  31 July 2013 
  • Security Interests (Jersey) Law 2012 to be brought into force

    A new Law will come into force from October 2013 that will modernise the process of bank lending and financing transactions in Jersey. An Appointed Day Act brought forward by the Minister for Economic Development to bring the Security Interests (Jersey) Law 2012 into force was adopted by the States ...     [read more]

    By States of Jersey Communications Unit on  31 July 2013 
  • Former Minister and top financiers to speak at CISX dinner debate

    CISX 15th Anniversary logoA world class group of finance industry specialists and commentators including City financier, Sir David Howard and Lord Douglas Hurd of Westwell, will feature in The Channel Islands Stock Exchange Members Dinner to be held at Mansion House on Tuesday, September 17. Sir David Howard, who will delive...     [read more]

    By Crystal PR on  31 July 2013 
  • CICRA re-launches 4G spectrum consultation in the Channel Islands

    CICRACICRA (the Channel Islands Competition and Regulatory Authorities) has re-launched its consultation into the future allocation of radio spectrum to telecommunication operators in the Channel Islands. The regulator deferred the consultation in May 2012 to give Guernsey's new Commerce and Employme...     [read more]

    By Orchard PR on  31 July 2013 
  • Carey Olsen and Dexion advise on £300m wind and solar generation fundraising

    Carey Olsen Logo (new)Carey Olsen has advised on the launch of a new Guernsey closed-ended fund which raised £300 million on listing on the premium segment of the London Stock Exchange (LSE) on 29 July 2013 and Dexion Capital (Guernsey) Limited was appointed as administrator. The fund, The Renewables Infrastructure Grou...     [read more]

    By Orchard PR on  30 July 2013 
  • Balanced Approach to Employment Tribunal Fees Needed In Jersey

    Balanced Approach to Employment Tribunal Fees Needed In JerseyFollowing the introduction of fees for employment tribunals in the UK, the question arises as to whether Jersey should follow suit. Under the new UK law, employees will now have to pay up to £250 to lodge a claim, as well as a further charge of up to £950 if it is decided the case will go ahead. Chr...     [read more]

    By Edge Media on  30 July 2013 
  • GoldMoney seminar creates interesting debate

    GoldMoney seminar gold barThere was a good turnout for a recent GoldMoney breakfast seminar on the benefits of owning physical gold as opposed to paper gold. During the seminar delegates also had the rare opportunity to handle gold and silver bars. The global bullion market has recently witnessed the dichotomy of falling pri...     [read more]

    By Direct Input on  30 July 2013 
  • Jersey Finance welcomes OECD praise

    Jersey Finance LogoFollowing the news that Jersey's Chief Minister has received a letter of congratulations from Angel Gurria, Secretary General of the OECD, concerning Jersey's position on international tax transparency, Geoff Cook, Jersey Finance Chief Executive, commented: “This type of formal recog...     [read more]

    By Crystal PR on  29 July 2013 
  • Walkers advises KrisEnergy on Singapore IPO Worth SGD 1.3 Billion

    Walkers LogoLeading international offshore law firm Walkers has advised KrisEnergy Ltd on its Singapore Initial Public Offering, with a market capitalisation of approximately SGD 1.3 billion. The deal is expected to raise SGD 270.8 million of new money and around SGD 94.1 million new shares have been offered to...     [read more]

    By Weber Shandwick on  29 July 2013 
  • Employment Tribunal Fees Should Be Introduced In Jersey

    Employment Tribunal Fees Should Be Introduced In JerseyJersey should consider introducing fees for employment tribunal cases in order to deter spurious cases, in much the same way as the UK has done, according to Lindsay Edwards-Thatcher of employment law specialists, TM Legal Services.Starting today, complainants in the UK will have to pay a filing fee...     [read more]

    By Image PR on  29 July 2013 
  • OECD congratulates Jersey on its action on tax transparency

    The Secretary General of the OECD, Angel Gurria, has written to Jersey's Chief Minister to congratulate the Island on the measures it has taken in support of international tax transparency. Mr Gurria made particular reference to the joint statement issued by the Crown Dependencies on 15 June 20...     [read more]

    By States of Jersey Communications Unit on  29 July 2013 
  • Liquid shortlisted for five industry awards

    Liquid shortlisted for five industry awardsCHANNEL Islands' communications consultancy Liquid has been shortlisted for five Chartered Institute of Public Relations (CIPR) PRide Awards.The firm is one of three businesses in the Wessex and Channel Islands region up for ‘Outstanding Public Relations Consultancy' and is among six consult...     [read more]

    29 July 2013 
  • Corporate Risk Solutions – a family affair

    Corporate Risk Solutions – a family affairLocal risk management specialists Corporate Risk Solutions (CRS) is now under new ownership following the completion of a management buy out by current managing director Darren Wadley.Darren is joined by his father Mark Wadley as co-owner and Chairman and his cousin Marc Guille as Head of Operations...     [read more]

    By Trish Grover, TG Communications on  29 July 2013 
  • JT in partnership with ROCCO launch JT Roam Connect

    JT LogoJT, the Channel Islands' leading telecommunications provider, has launched a new operator-to-operator roaming service in conjunction with ROCCO, an international Roaming Consultancy Company. Most mobile network operators (MNOs) would agree their goal is to have the largest number of internatio...     [read more]

    By Direct Input on  26 July 2013 
  • Indonesian Minister to visit Jersey

    The Indonesian Minister for Law and Human Rights, Dr Amir Syamsuddin, will visit Jersey on 29 July 2013. Dr Syamsuddin will meet the Chief Minister, Senator Ian Gorst, and the Assistant Chief Minister, Senator Sir Philip Bailhache, as well as the Treasury Minister, Senator Philip Ozouf, and the Econ...     [read more]

    By States of Jersey Communications Unit on  26 July 2013 
  • Brehon Chartered Accountants Refresh their Brand and Launch a New Website

    Brehon Chartered Accountants Refresh their Brand and Launch a New WebsiteGuernsey based Brehon Chartered Accountants have recently refreshed their brand and launched their new website www.brehon.co.uk demonstrating their on-going commitment to client service to local entrepreneurs, owner-managed businesses, small and medium-sized enterprises (SME's).The Brehon team of ex...     [read more]

    By Sarah Hancock, Brehon Chartered Accountants on  25 July 2013 
  • Nedbank Private Wealth appoints new Head for Middle East and Asia

    Andrew Bates-Nedbank Private WealthNedbank Private Wealth is delighted to announce the appointment of Andrew Bates (pictured) to Head of its Middle East and Asia operation. Based in the UAE, Andrew will join Mark Leale, Regional Manager of the bank's Dubai office. Andrew has been with the bank for over nine years, initially in t...     [read more]

    By Isle of Man Advertising & PR on  25 July 2013 
  • Award winning and Ground breaking Viberts on the move

    Zoe Blomfield-VibertsAward winning Jersey law firm Viberts are on the move. They have moved to new and larger premises in Don Street from their previous office in Union Street. Just over a year ago Viberts were the first Jersey law firm to be accredited with the Law Society's top accolade; Lexcel, the Lexcel accredi...     [read more]

    By The In-Marketing Partnership on  24 July 2013 
  • AIMA/EY survey finds mixed progress towards AIFMD transposition

    Uneven progress is being made in implementing the Alternative Investment Fund Managers Directive (AIFMD) across the European Union, according to a joint study by the Alternative Investment Management Association (AIMA), the global hedge fund industry association, and EY, the multinational profession...     [read more]

    By AIMA on  24 July 2013 
  • Guernsey court denies US regulator access to Guernsey litigation

    Carey Olsen Logo (new)The Royal Court of Guernsey has confirmed that non-parties seeking to be joined to current litigation need to satisfy various criteria before being allowed to join proceedings. The joint liquidators of a number of BVI and Anguilla-incorporated hedge funds, represented by Carey Olsen's litigatio...     [read more]

    By Orchard PR on  23 July 2013 
  • Rossborough Guernsey appoints senior commercial account handler

    Rossborough Guernsey appoints senior commercial account handlerAn experienced underwriter has joined Rossborough Guernsey as a senior commercial account handler. Abi Johnson, who began her insurance career after leaving Blanchelande College, has experience in general and commercial underwriting and said she was looking forward to the challenges and rewards she ...     [read more]

    23 July 2013 
  • HLG achieves Chartered Quantity Surveyor status

    HLG achieves Chartered Quantity Surveyor statusHLG Associates has been awarded Chartered Quantity Surveyor status by the Royal Institution of Chartered Surveyors (RICS).RICS is the world's leading professional body for setting standards in the surveying industry and to become a member requires firms to demonstrate the highest levels of competenc...     [read more]

    By Guy Le Maistre, ExposurePR on  23 July 2013 
  • Jersey Financial Services Commission agrees AIFMD cooperation agreement with Austria

    Further to the Press Releases issued by the Jersey Financial Services Commission (the “Commission”) on 11 and 19 July 2013 regarding the Alternative Investment Fund Managers Directive (“AIFMD”) bilateral cooperation agreements, the Commission is pleased to announce, following...     [read more]

    By Jersey Financial Services Commission on  22 July 2013 
  • JFSC issues New and updated Codes of Practice relating to AIFMD

    The Jersey Financial Services Commission (the “Commission”) has today published the following Codes of Practice, effective from 22 July 2013, which take into account the necessary changes in relation to the Alternative Investment Fund Managers Directive (the “AIFMD”), for the...     [read more]

    By Jersey Financial Services Commission on  22 July 2013 
  • Equiom Group acquires City Trust Isle of Man

    businesslife.co logoThe Equiom Group has successfully completed the acquisition of City Trust – an Isle of Man based trust and corporate services provider. City Trust Chairman, Rodney Margot and his team of professionals have all joined the Equiom Group within their Isle of Man Office as part of the acquisition deal....     [read more]

    By Equiom on  22 July 2013 
  • Luxury Jersey Hotels welcomes Ormer and Hettich as new partners

    Brilliant results in the Diamonds for Jubilee competitionLuxury Jersey Hotels has announced the addition of Ormer by Shaun Rankin and Hettich Jewellers as restaurant and luxury retail partners. Local hotel consortium Luxury Jersey Hotels is delighted to be partnering with Ormer (pictured) by Shaun Rankin and Hettich Jewellers to extend its reach in promot...     [read more]

    By Sarah Cilliers on  22 July 2013 
  • PwC Channel Islands strengthens its managerial teams

    PwC Channel Islands has announced that a total of 17 staff in its Guernsey and Jersey offices have received managerial and senior managerial promotions. The manager group has also been strengthened with the arrival of a tax manager from the US firm, as the Channel Islands firm continues to strengt...     [read more]

    By Crystal PR on  22 July 2013 
  • Greenlight appoints Nigel Le Quesne as Non-Executive Chairman

    Greenlight logo (updated)Business transformation specialist, Greenlight, has today announced the appointment of Nigel Le Quesne as its new Non-Executive Chairman.Currently Group CEO and Chairman of JTC Group, Mr Le Quesne will draw on his considerable experience as he embarks on his position working with Greenlight's bo...     [read more]

    22 July 2013 
  • UK government estimates it will recover millions in unpaid taxes

    UK government estimates it will recover millions in unpaid taxesThe UK government has estimated that it will recover approximately £1billion in unpaid taxes by the end of 2016 from tax evaders under the disclosure facilities agreed with Guernsey, Jersey and the Isle of Man.At a recent seminar hosted by AO Hall, trustees and other licensed fiduciaries were remind...     [read more]

    22 July 2013 
  • Jersey Financial Services Commission signs AIFMD cooperation agreement with Germany

    Further to the Press Release issued by the Jersey Financial Services Commission (the “Commission”) on 11 July 2013 regarding the Alternative Investment Fund Managers Directive (“AIFMD”) bilateral cooperation agreements, the Commission is pleased to announce, following direct ...     [read more]

    By Jersey Financial Services Commission on  19 July 2013 
  • Jersey Financial Services Commission issues Consultation Paper on the Money Laundering Order

    Today, the Jersey Financial Services Commission (the “Commission”) has issued a Consultation Paper on proposals to amend the Money Laundering (Jersey) Order 2008. The Consultation Paper deals with a number of recommendations made by the International Monetary Fund (the “IMF”...     [read more]

    By Jersey Financial Services Commission on  19 July 2013 
  • Jersey forges closer ties with China and Hong Kong during Ministerial Visit

    Jersey Finance LogoJersey's links with China and Hong Kong have been broadened and strengthened following an extensive visit undertaken during July by a delegation led by Jersey's Chief Minister and representatives from Jersey Finance. In an itinerary that included Beijing, Shanghai, Hangzhou and Hong Kong, J...     [read more]

    By Crystal PR on  19 July 2013 
  • Hawksford and Carey Olsen set legal precedent and secure UK charities £1.5m

    Three UK charities are set to gain £1.5m as a result of a landmark court case which has set a useful precedent in the way wills are interpreted. Hawksford Executors Ltd, represented by Carey Olsen, successfully argued in the Royal Court of Jersey that a clause in a will, made in Belgium in 2008, re...     [read more]

    By Liquid on  19 July 2013 
  • Local department store de Gruchy wins major national award

    Jay Daly-de GruchyLeading department store de Gruchy has won a major national award for its card and stationery department. de Gruchy beat off stiff competition from such heavyweights as Liberty London, John Lewis of Oxford Street and Fenwicks to be named Best Department Store Retailer of Greeting Cards. The retail...     [read more]

    By ORCHID on  19 July 2013 
  • OECD launches Action Plan on Base Erosion and Profit Shifting

    National tax laws have not kept pace with the globalisation of corporations and the digital economy, leaving gaps that can be exploited by multi-national corporations to artificially reduce their taxes. OECD's Action Plan on Base Erosion and Profit Shifting (BEPS) offers a global roadmap that ...     [read more]

    By OECD on  19 July 2013 
  • BankClarity Limited granted software patent by the US Patent Office

    Paul Bater and Paul Fosse-BankClarityIn what is believed to be a first for Jersey, local company BankClarity Limited has invented software which has been granted a patent by the US Patent Office, the company's CEO Paul Bater has announced. “After more than nine years of what can best be described as active discussions, I was...     [read more]

    By BankClarity on  18 July 2013 
  • First Names Group Concludes Basel Acquisition

    Morgan Jubb, Julie Coward and Mark Pesco-First Names GroupFirst Names Group is pleased to announce completion of its acquisition of The Basel Group following exchange of contracts and regulatory approval in Jersey and the British Virgin Islands. This is the Group's second strategic purchase this year. The transaction significantly expands its presenc...     [read more]

    By First Names Group on  18 July 2013 
  • Foreshore and Desktone Partnership Officially Launched in the Channel Islands

    Andy Jarrett-ForeshoreForeshore, Jersey's leading Internet datacentre and cloud services provider and Desktone Inc., the pioneer of Desktop as a Service (DaaS), officially launched their Channel Island partnership today. Mark Adams, GM of Desktone EMEA spoke about global IT trends and the extraordinary growth of De...     [read more]

    By Foreshore on  17 July 2013 
  • Oceanskies issued with Maritime Labour Convention 2006 (MLC) Statement of Compliance by Lloyd’s Register

    Oceanskies mlc certificateOceanskies is pleased to announce that it has been issued with a Statement of Compliance by Lloyd's Register meaning that it is fully compliant with standard A1.4 and guidelines B1.4 of the Maritime Labour Convention 2006 (“MLC”).The International Labour Organisation's MLC provid...     [read more]

    By Duncan Swanson, Oceanskies Limited on  17 July 2013 
  • British Airways to add additional weekday flight to Jersey

    British Airways A319British Airways is to add an additional weekday flight to Jersey to further improve services for customers flying between the popular Channel Islands and London Gatwick. From next Summer (March 20,14) customers will be able to fly from London Gatwick to Jersey on the improved frequency when weekday...     [read more]

    By Jersey Airport on  17 July 2013 
  • Adrian Ogier Joins Oceanskies

    Adrian Ogier-OceanskiesWe are pleased to announce that Adrian Ogier has joined the team at Oceanskies as a Director and Principal.Duncan Swanson, co-founder and principal of Oceanskies said, “It is great to have Adrian joining the team at Oceanskies. Since our launch in January of this year we are pleased to say tha...     [read more]

    By Duncan Swanson, Oceanskies Limited on  17 July 2013 
  • UK Government publishes consultation on Banking Reform Bill secondary legislation

    The government opened its consultation on the Banking Reform Bill secondary legislation today. This is the latest step in the government's plan to create a stronger and safer banking sector. The Banking Reform Bill will fundamentally reform the structure of the UK banking sector making banks mo...     [read more]

    By HM Treasury on  17 July 2013 
  • RBC Wealth Management appoint Daniel Ellis as Head of Investments

    RBC Wealth Management Talent Programmes Welcome Class of 2012 RBC Wealth Management, part of Royal Bank of Canada (TSX/NYSE: RY), today announced the appointment of Daniel Ellis as Head of Investments, British Isles, RBC Wealth Management. In this role, Mr Ellis will be responsible for leading the British Isles Investments team and also joins the British Isle...     [read more]

    By Greentarget on  17 July 2013 
  • Fidusys Online management system wins major client and demonstrates system flexibility

    Fidusys OnlineJersey-based Fidusys Online has won a significant new client in a deal which takes the online fiduciary management system outside the trust world. Fidusys was engaged by wealth and funds investment manager ACPI to install Fidusys Online to provide enhancements to its controls framework around the ca...     [read more]

    By Orchard PR on  17 July 2013 
  • Local Developer Comprop gets Green Light for Major Project at Admiral Park in Guernsey

    Local Developer Comprop gets Green Light for Major Project at Admiral Park in GuernseyManaging Director of Comprop, Steve Marie, has issued a statement in respect of the Open Planning Meeting's decision on Tuesday 16 July 2013 to approve Outline Planning Permission for Admiral Park in Guernsey: “Comprop is delighted at the outcome of the Open Planning Meeting. This is a hug...     [read more]

    17 July 2013 
  • Local Physiotherapist Short-listed for Institute of Directors National Award

    Local Physiotherapist Short-listed for Institute of Directors National AwardLocal physiotherapist Nigel Mann, of the Jersey Sports & Spinal Clinic, has been shortlisted for the title Young Director of the Year, in the IoD's Director of the Year UK Finals for 2013.Awarded ‘Director of the Year for a Small Organisation' at the recent Jersey IoD Awards ceremony, Nigel ...     [read more]

    16 July 2013 
  • Carey Olsen and Heritage advise Bluefield Solar Income Fund launch on LSE

    Carey Olsen Logo (new)Carey Olsen and Heritage International Fund Managers Limited (Heritage) advised on the launch of a new Guernsey closed-ended fund which raised £130 million on listing on the premium segment of the London Stock Exchange on 12 July 2013. A first of its kind in the UK, Bluefield Solar Income Fund (th...     [read more]

    By Orchard PR on  16 July 2013 
  • Size of Jersey’s finance industry is not disproportionate when UK comparisons are made

    Jersey Finance LogoThe size of Jersey's financial services industry compared to other sectors of the economy is not exceptional, when comparisons are made elsewhere in the UK, according to the recent study into Jersey's value to Britain. As part of its detailed analysis of the Jersey economy, Capital Economics...     [read more]

    By Crystal PR on  16 July 2013 
  • Carey Olsen advises Blue Water Energy Fund launch

    Carey Olsen Logo (new)Carey Olsen's corporate team has been involved in an energy fund launch which is believed to be one of the largest fund raising by a start-up in recent years. Corporate partner Andrew Boyce (pictured) and senior associate (now partner) David Crosland worked with Blue Water Energy LLP throughou...     [read more]

    By Orchard PR on  16 July 2013 
  • JFSC Issues Guidance on AIFMD Transitional Arrangements

    The Commission continues to prepare for the launch of the AIFMD regime on 22 July 2013 and has today published, for consideration and use specifically by Jersey fund industry practitioners: • a Guidance Note on Transitional Arrangements, Exemptions and Commission Forms (the “AIFMD Guidance ...     [read more]

    By Jersey Financial Services Commission on  15 July 2013 
  • Grand Jersey general manager goes for the double with national IoD award shortlisting

    Grand Jersey general manager goes for the double with national IoD award shortlistingGrand Jersey's general manager is going for the double after being shortlisted nationally for the Institute of Directors' Young Director of the Year Award.Eamonn Elliott won the title in Jersey in May and is now in with a chance of being crowned nationally too.‘It is an absolute honour to fi...     [read more]

    By Lisa Gutcher, Liquid on  15 July 2013 
  • EFG Securities Services voted Jersey Fund Administrator of the Year by Acquisition International.

    EFG Securities ServicesEFG Securities Services, a division of EFG Offshore Limited, was nominated and voted for by readers of the global industry publication as part of its annual M&A Awards. EFG Securities Services has been working with offshore funds for over twenty five years and enjoys longstanding relationships w...     [read more]

    By EFG Securities Services on  15 July 2013 
  • US Treasury announces a six-month extension to the FATCA withholding requirement?

    The U.S. Department of the Treasury and the Internal Revenue Service today (12th July 2013) announced that due to overwhelming interest from countries around the world, a six-month extension to the start of the Foreign Account Tax Compliance Act (FATCA) withholding and account due diligence requirem...     [read more]

    By Businesslife.co on  15 July 2013 
  • Dolan Hotels director shortlisted for national IoD award

    Dolan Hotels director shortlisted for national IoD awardA DIRECTOR of Dolan Hotels has been shortlisted by the Institute of Directors for a prestigious national award. Andrew Shrimpton – named locally in May as the IoD's 2013 Director the Year in the medium sized organisation category – is in the finals for the UK title.‘I was thrilled to be named Di...     [read more]

    By Lisa Gutcher, Liquid on  15 July 2013 
  • Jersey business leaders progress to UK national Institute of Director Awards

    IoD LogoAll five winners of the Jersey Director of the Year Awards earlier this year have progressed to be shortlisted in the national IoD Director of the Year Awards UK Final. Aaron Chatterley, Chief Executive Officer of feelunique.com, has been shortlisted in the ‘Large Company' category; Andrew Shr...     [read more]

    By Crystal PR on  15 July 2013 
  • Channel Island success in Singapore means growth for Collas Crill

    Collas Crill's Singapore office has moved to accommodate significant growth in the team that was the first to provide Channel Islands law from the jurisdiction. Collas Crill Singapore opened its doors in August 2011 in response to a growing demand for Jersey and Guernsey legal advice in Singapore, ...     [read more]

    By Collas Crill on  15 July 2013 
  • Director at the helm of London Olympics branding presented to Jersey professionals

    Greg NugentOne of the creative forces behind the success of the 2012 Olympic and Paralympic Games spoke to Jersey professionals on Thursday (July 11) about the crucial role of digital marketing. Greg Nugent (pictured) was Director of Brand, Marketing and Culture of the London Olympics and Paralympics and amon...     [read more]

    By Crystal PR on  15 July 2013 
  • New architect practice combines personal service and professionalism

    New architect practice combines personal service and professionalismA new architect practice has been launched in Guernsey which aims to deliver a personal service with professional expertise.James Gavey has launched JGArchitecture Ltd which will specialise in planning and building control applications, residential new builds, extensions, loft conversions and renova...     [read more]

    15 July 2013 
  • Further regulatory steps taken to meet AIFMD requirements welcomed by Jersey Finance

    Jersey Finance LogoJersey Finance has welcomed the announcement from the Jersey Financial Services Commission (JFSC) that 25 bi-lateral agreements have been signed in respect of the Alternative Investment Fund Managers Directive (AIFMD), another key step in meeting the requirements of the Directive. Jersey's stra...     [read more]

    By Crystal PR on  15 July 2013 
  • Promotion and exam success at Select

    Promotion and exam success at SelectSelect Recruitment has strengthened its team with the promotion of Robyn Pashley to Senior Recruitment Consultant. A member of the Institute of Recruitment Professionals, she recently completed the Certificate in Recruitment Practice qualification, gaining a merit pass.In her new role, Robyn will co...     [read more]

    By ExposurePR on  15 July 2013 
  • Jersey Financial Services Commission signs AIFMD cooperation agreements

    The Jersey Financial Services Commission (the “Commission”) is pleased to announce that 25 AIFMD bilateral cooperation agreements have, to date, been signed with EU/EEA Member State supervisory authorities. The Commission has been liaising with the European Securities and Markets Authori...     [read more]

    By Jersey Financial Services Commission on  12 July 2013 
  • Butterfield Trust Shortlisted for STEP Private Client Award

    The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that its international trust business comprising its companies in The Bahamas, Bermuda, the Cayman Islands, Guernsey, Switzerland and New Zealand has been shortlisted for Institutional Trust Team of The Year i...     [read more]

    By Orchard PR on  12 July 2013 
  • Guernsey Financial Services Commission signs co-operation agreements with European Regulators.

    Following the European Securities and Markets Authority's (ESMA) approval of the co-operation arrangements the Guernsey Financial Services Commission (GFSC) has signed 27 bi-lateral co-operation agreements with the following EU/EEA securities regulators for the supervision of alternative investm...     [read more]

    By Orchard PR on  12 July 2013 
  • Seminar links diversity to high performing corporate boards

    businesslife.co logoLeadership expert, Jo Bostock, led a seminar on Friday, 5 July highlighting the benefits to business of embracing diversity and promoting inclusivity amongst their people. The seminar drew an audience from a wide range of Jersey based firms and banks to hear Jo explain the value of linking diversity...     [read more]

    By Image Group on  11 July 2013 
  • Carey Olsen employment specialists outline appropriate redundancy process

    Carey Olsen Logo (new)Carey Olsen's employment team has urged local employers to have a clear plan in place when considering redundancy measures. Employment law specialists, Advocate Elaine Gray, from Carey Olsen's Guernsey office, and Huw Thomas, from the firm's Jersey office, presented delegates with a step...     [read more]

    By Orchard PR on  11 July 2013 
  • Cantor & Webb hires new Partner to serve international private clients

    kathryn von matthiessen cantor and webb thumbMiami-based attorneys Cantor & Webb P.A. have strengthened their tax and estate planning team, expanding for a sixth consecutive year with the addition of new trusts and estates partner, Kathryn von Matthiessen. Von Matthiessen, who relocated her practice from New York to join Cantor & We...     [read more]

    By Cantor & Webb on  11 July 2013 
  • MPs urged to reject US FATCA

    businesslife.co logoMPs should reject a controversial tax agreement with the US after it has been revealed that American authorities are unlikely to honour the deal's fundamental reciprocity clause, says the chief executive of the world's largest independent financial advisory organisation. The deVere Group...     [read more]

    By Prior Consultancy on  11 July 2013 
  • Seminar to address data security liability

    Seminar to address data security liability“Cyber Insurance: is your business covered?”Tom Allen (pictured right), a specialist in data security liability, will be visiting Guernsey next week to speak at a seminar organised and sponsored by local business Sapphire Underwriters (part of the Heritage Group).The event will cover all...     [read more]

    By Trish Grover, TG Communications on  11 July 2013 
  • Guernsey Bar upgrades website

    Simon Howitt Guernsey Bar ThumbnailThe Guernsey Bar, historically an institution steeped in tradition, has significantly upgraded its website to help inform people about the island's legal system, key contacts and other useful information. Simon Howitt, Deputy Bâtonnier of the Guernsey Bar (pictured), helped coordinate the proje...     [read more]

    By Orchard PR on  10 July 2013 
  • Carey Olsen promotes new partners

    Carey Olsen Logo (new)Carey Olsen has announced 11 senior promotions in its Guernsey and Jersey offices including the appointment of Andreas Kistler (left) and David Crosland (right) to partners of the offshore law firm. The total number of partners across Carey Olsen's offices in the British Virgin Islands*, Cape T...     [read more]

    By Orchard PR on  9 July 2013 
  • Waitrose wins top award at the Livingroom Customer Service Awards

    Waitrose ThumbnailWaitrose branches in Guernsey have been presented with three awards, including the overall award for Best Customer Service, at the Livingroom Customer Service Awards. Waitrose also took home the Customer Service Commitment Award for the second year running and Partner Daniel Jukes, who works in the...     [read more]

    By Orchard PR on  9 July 2013 
  • Investments on the agenda at STEP Student Conference 2013

    The third STEP Jersey Student Conference takes place on 11 July. The half-day event will cover investments and speakers will also review the Jersey wills and probate law. ‘These are subjects that many STEP Diploma students find challenging and the objective of the sessions will be to provide a prac...     [read more]

    By Falle Communications on  9 July 2013 
  • States of Guernsey's accounts show reduction in spending and improvement in financial position.

    The 2012 accounts for the States of Guernsey are published today in the July Billet D'État. They show that the States' spending in 2012 was reduced in real terms, and that the financial position of the States is improving. Overall the general revenue income rose by £16m or 4.6% while net expenditur...     [read more]

    By States Of Guernsey on  9 July 2013 
  • Aurigny Air Services - Aircraft Acquisitions

    The Treasury and Resources Department has today confirmed that Aurigny Air Services is finalising proposals to expand operations on its services between Guernsey and London Gatwick Airport. The move follows Flybe's announcement that it will withdraw from the route in March next year. Minister for t...     [read more]

    By States Of Guernsey on  9 July 2013 
  • Stephen Potts Joins Vantage

    Stephen Potts-VantageVantage have expanded its insurance broking division with the appointment of Stephen Potts (pictured) as an Account Executive. Stephen joins the company in July 2013 bringing over 10 years insurance experience to the team. Stephen, who was born and educated in Liverpool, began his insurance career...     [read more]

    By Vantage on  9 July 2013 
  • Audience of 100 professionals attend JCAP Breakfast Seminar entitled “Cash as an Asset Class - the future of cash management”

    Audience of 100 professionals attend JCAP Breakfast Seminar  entitled “Cash as an Asset Class - the future of cash management”The JCAP Treasury Services team hosted a successful Breakfast Seminar on Thursday 4th July 2013 at the Pomme d'Or entitled "Cash as an Asset Class - the future of cash management".“The seminar focussed on cash as an asset class in its own right, why proactive management of cash is important an...     [read more]

    By David Elgie, JCAP Treasury Services on  9 July 2013 
  • New Head of Business Development appointed at Vistra Jersey

    Steve Rowland has been appointed Head of Business Development at Vista Jersey. The new role extends from developing new and existing relationships with key intermediaries across Vistra's core jurisdictions to working directly with clients and their advisors to convert client enquiries into appro...     [read more]

    By Nacelle on  9 July 2013 
  • Ogier in Jersey advise on two key financings for Glencore Xstrata

    Ogier in Jersey has advised a syndicate of lenders in connection with a US$17 billion revolving credit facility for Glencore Xstrata, believed to be one of the largest loan transactions to have completed in the City of London this year so far. Ogier were also appointed as Jersey legal advisors by HS...     [read more]

    By Ogier on  9 July 2013 
  • Calligo Continues Staff Expansion

    Calligo logoCalligo, the most technically advanced and comprehensive offshore cloud service provider, today announced 5 new hires - Matthew Planterose, David Cartwright, Jamie Harkness, James Bellot and Scott Strudwick - to service the burgeoning demand for Calligo cloud services by offshore businesses. ̶...     [read more]

    By Calligo on  9 July 2013 
  • JT receives prestigious Broadband World Forum recognition

    JT LogoJT's ‘Gigabit Jersey' project has once again been recognised at an international level as they have been shortlisted in the ‘Best Broadband Partnership' category of the highly acclaimed ‘Infovision Awards'. The awards are held at the annual Broadband World Forum and are regarded as t...     [read more]

    By Direct Input on  8 July 2013 
  • Mourant Ozannes appoints Head of Funds in BVI

    Marie-Claire Fudge Mourant OzannesMourant Ozannes in the British Virgin Islands have appointed Marie-Claire Fudge as Counsel and Head of Funds, BVI. Marie-Claire has extensive experience in structuring, setting up and launching open and closed ended BVI investment funds and providing on-going advice to investment funds and their man...     [read more]

    By ORCHID on  8 July 2013 
  • Goldmoney opens second storage vault in Singapore

    Andrew McGowan-GoldMoneyJersey based GoldMoney is to open a second vault in Singapore due to significant customer demand since launching its first storage facility there seven months ago. GoldMoney offers customers an easy and secure online platform to buy and store physical gold, silver, platinum and palladium. The compan...     [read more]

    By Direct Input on  8 July 2013 
  • STEP Jersey celebrates 20 years

    The Jersey branch of the Society of Trust and Estate Practitioners (STEP) celebrated its 20th birthday in style with a Champagne reception and black tie dinner at the Royal Yacht Hotel attended by 250 people on 28 June, which was the anniversary of the branch's first committee meeting. Among th...     [read more]

    By Falle Communications on  8 July 2013 
  • Lord Flight to explore future prospects of Crown Dependencies at IoD lunch

    Gyles Brandreth to Speak at IoD AwardsA member of the House of Lords with links to the Channel Islands will be the guest speaker at the IoD Jersey branch lunch this month. At the lunch, taking place at the Grand Jersey on Thursday 18th July, Lord Howard Flight (pictured) will give a talk on ‘The Future Prospects for the Crown Territori...     [read more]

    By Adam Riddell, Crystal PR on  8 July 2013 
  • Jersey retains Global Investor Award Title

    Jersey Finance LogoJersey has retained its title as ‘Best International Finance Centre' in the annual Investment Excellence Awards organised by Global Investor/ISF magazine. One of the flagship titles published by Euromoney Institutional Investor plc, Global Investor/ISF is read by the global asset management and...     [read more]

    By Crystal PR on  8 July 2013 
  • Hawksford is first trust company to gain Learning and Performance Institute accreditation

    HAWKSFORD is the first trust company to receive accreditation from the UK's leading membership body for learning professionals. The Learning and Performance Institute (LPI) accreditation represents a commitment by businesses to raise the standard of workplace learning and undertake a programme o...     [read more]

    By Liquid on  5 July 2013 
  • Mourant Ozannes advises Hansteen Holdings PLC on a €100m convertible bond issue

    Leading offshore law firm, Mourant Ozannes, has advised Hansteen Holdings PLC on a €100m convertible bond issue. The bonds, which are guaranteed by Hansteen Holdings PLC, were issued by Hansteen (Jersey) Securities Limited, a wholly owned subsidiary of Hansteen Holdings PLC incorporated in Jersey....     [read more]

    By ORCHID on  5 July 2013 
  • CICRA extends deadline for business connectivity market review

    Andrew RiseleyBusiness customers in the Channel Islands have an extra three weeks to participate in CICRA's (the Channel Islands Competition and Regulatory Authorities) consultation on business connectivity markets in Guernsey and Jersey. Following feedback from business customers, CICRA has extended the dea...     [read more]

    By Orchard PR on  5 July 2013 
  • Foreshore signs partnership agreement with Desktone

    Andy Jarrett-ForeshoreForeshore, Jersey's leading Internet datacentre and cloud services provider, today announced that it has partnered with Desktone, Inc., the pioneer of Desktop as a Service (DaaS), to deliver cloud-hosted virtual desktops and applications. By leveraging the Desktone Platform, the industry's o...     [read more]

    By Marcom Collective on  5 July 2013 
  • Audit Office Established in Jersey

    Audit Office Established in JerseyA Jersey Audit Office has been established in the Island, under the leadership of the Comptroller & Auditor General (‘C&AG'), Karen McConnell.In her first report, published today, Karen examines the current function of the C&AG in Jersey and makes recommendations on a number of areas relating to...     [read more]

    By Rozena Pedley, Concept Communications Limited on  4 July 2013 
  • New Office Managing Partner for Appleby in Jersey

    Appleby thumbnail logoAppleby, one of the world's largest providers of offshore legal, fiduciary and administration services, has announced the appointment of Michael Cushing (pictured) to the role of Office Managing Partner for the Jersey office. Michael has been at Appleby in Jersey since 2005, and became a partn...     [read more]

    By Appleby on  4 July 2013 
  • RBC Wealth Management appoints VP and MD for ultra high net worth clients

    RBC Wealth Management Talent Programmes Welcome Class of 2012 RBC Wealth Management, part of Royal Bank of Canada (TSX/NYSE: RY), today announced the executive appointment of Mike Moodie to the position of Vice President and Managing Director, Ultra High Net Worth, RBC Wealth Management - British Isles and Caribbean. Mr Moodie will work closely with, and joi...     [read more]

    By RBC Wealth Management on  4 July 2013 
  • Latest edition of Credit Suisse research focuses on Big Data

    Credit SuisseThe world of Big Data is about data gathering and analyzing in almost every aspect of our lives. Big Data provides a way for companies to learn more about their customers' needs on a scale and speed that is vastly larger and faster than could have ever been conceived in the past.The latest Global In...     [read more]

    4 July 2013 
  • Guernsey Post announces profit increase despite the loss of Low Value Consignment Relief

    Guernsey Post announces profit increase despite the loss of Low Value Consignment Relief Guernsey Post is delighted to announce a profit after tax of £0.7m for 2012/13, a 40% improvement on the previous year despite the severe impact of the loss of Low Value Consignment Relief (LVCR) and declining core volumes. The Company is also proposing to give back more surplus cash to its Sharehol...     [read more]

    4 July 2013 
  • EY strengthens their tax team

    EY strengthens their tax team EY has further strengthened its tax department with the appointment of Mark Lee as Trust and Private Client Leader.Mr Lee, who has a BAcc (Hons) in Accountancy with Finance, joined EY Glasgow in 2006 and spent three years in Manchester before relocating to Jersey earlier this year. He has significa...     [read more]

    3 July 2013 
  • Two new consultants for Corefocus

    David Luce and Lindsay Harvey CorefocusLeading Microsoft Business Solutions specialist, Corefocus, have announced the appointment of two members of staff. The expansion marks a period of enhancement for the local company that has also moved to larger premises in Anley Street. David Luce (33) has been appointed Senior Consultant. A former...     [read more]

    By The Refinery on  3 July 2013 
  • Partner and Director Promotions at PwC CI

    Recognising continued growth opportunities, PwC Channel Islands has announced Partner and Director appointments within its Guernsey leadership team. John Luff (pictured) has been admitted as a Partner, while Adrian Peacegood and Libby Spruce have been promoted to Directors. This enables the profess...     [read more]

    By Crystal PR on  3 July 2013 
  • Carey Group Appoints Joe Truelove

    Jim Gilligan and Joe TrueloveJoe Truelove has been appointed as a Director of Carey Group's fund administration business. He leaves Kleinwort Benson after 12 years where he was most recently Head of Business Development for the fund administration business. Truelove is a Fellow of the Institute of Chartered Accountants in E...     [read more]

    By Betley Whitehorne on  3 July 2013 
  • Jersey Post to reduce number of post boxes and increase service levels to remaining boxes

    Jersey Post to reduce number of post boxes and increase service levels to remaining boxes Jersey Post is modifying its existing postal collection service, as a result of a detailed review. The changes will see an increase in collections from sub-post offices, amendments to service to a number of low traffic boxes, and the removal of some post boxes which see very little usage. Traditiona...     [read more]

    By Laura Perez, Jersey Post on  3 July 2013 
  • Liquid dominates national PRCA DARE Awards

    Liquid dominates national PRCA DARE AwardsChannel Island PR consultancy, Liquid has won five Public Relations Consultants Association (PRCA) DARE awards at three events across the UK. Liquid won more awards than any other business or organisation across the five UK events – collecting two at the South West and Wales event, two in the Midlan...     [read more]

    By Lisa Gutcher, Liquid on  3 July 2013 
  • Mourant Ozannes shortlisted for two STEP Private Client Awards

    Leading offshore law firm, Mourant Ozannes, has been shortlisted in two categories at the STEP Private Client Awards 2013. This follows the firm's success at the inaugural STEP Caribbean awards in May, where Mourant Ozannes was named 'Legal Team of the Year.' The STEP Private Client Awards highlight...     [read more]

    By ORCHID on  3 July 2013 
  • KPMG achieves Investors in People gold standard

    KPMG in the Channel Islands has achieved the gold standard accreditation in an independent assessment by Investors in People. The Investors in People (IiP) accreditation is the UK's leading people management and business improvement standard and the gold accreditation has been awarded to the t...     [read more]

    By Orchard PR on  3 July 2013 
  • First Protected Cell Captive Insurer Established in Jersey

    Richard PackmanVantage Limited has formed the first protected cell captive insurance company in Jersey. Black Pearl Insurance 1 PC will insure the professional liability risks for a financial services business. Vantage already manage a number of captive insurance structures from their offices in St Helier Jersey,...     [read more]

    By Vantage on  2 July 2013 
  • Ogier assists Cazenove with completion of sale to Schroders

    Ogier in Jersey has advised Cazenove Capital Holdings Limited on its £424 million recommended takeover by Schroders plc. The acquisition, which was subject to the rules of the UK Takeover Code, was announced on Monday, 25 March 2013 and was completed using a Jersey scheme of arrangement. Final Royal...     [read more]

    By Ogier on  2 July 2013 
  • Hanson Renouf expands with Fourth Partner

    Hanson Renouf PartnersLaw firm Hanson Renouf has appointed Advocate Jean-Marie Renouf to the position of Partner, with effect from 1st July 2013. He joins Advocates Timothy Hanson, Mark Renouf and Barbara Corbett, bringing the total number of Partners to four. The firm has bucked the recession by doubling its staff numb...     [read more]

    By Hanson Renouf on  2 July 2013 
  • JT’s Annual Report shows continued growth

    JT LogoJT's Annual Report for 2012 is published today. For the financial year ending 31st December 2012, Group turnover had increased to a new record high of £119.7m, an increase of 11% on the previous year. Group profit before tax, and the dividend paid to JT's shareholder, the States of Jersey, remai...     [read more]

    By Direct Input on  2 July 2013 
  • Graham Hughes Appointed to Sure’s Executive Committee

    Graham Hughes Appointed to Sure’s Executive CommitteeSure's CEO in Jersey, Graham Hughes, has been promoted to the Group Executive Committee in acknowledgment of Sure's success in the island, as it reinforces its position as the main competitive force in Jersey's still maturing telecoms marketplace. “Naturally, I'm delighted to h...     [read more]

    By Edge Media on  2 July 2013 
  • New report shows the value of Jersey to the UK

    Jersey Finance LogoA report written by a leading economist has revealed that Jersey helps the United Kingdom generate around £2.3 billion in tax revenues each year and supports 180,000 British jobs. The work, prepared by Mark Pragnell and a team from the respected independent firm, Capital Economics, was commissioned...     [read more]

    By Crystal PR on  2 July 2013 
  • Award-winning qualifications and exam success at Butterfield

    Seven Butterfield employees are celebrating having successfully completed qualifications in a variety of professional examinations. Hannah Yerby, a trust officer, was awarded the STEP student of the year 2012 award at the STEP Guernsey Branch Conference last week. Ms Yerby received the award for he...     [read more]

    By Orchard PR on  1 July 2013 
  • Legis Group strengthens funds business with two new senior appointments

    Legis Group has made two new senior appointments to its growing funds division, Legis Fund Services Limited. Haley Camp has joined as company secretarial manager and Ian Hancock as head of alternative funds. Miss Camp, a qualified barrister, has worked in Guernsey's finance industry for over ...     [read more]

    By Orchard PR on  1 July 2013 
  • Hanson Renouf expands family department

    Jamie-Lee Morgan-Hanson RenoufHanson Renouf is delighted to announce that Jamie-Lee Morgan has joined the Family Law team as a paralegal. Jamie-Lee joined the firm in April 2011 as receptionist and since that time has been working towards becoming a paralegal. She has been awarded a Certificate in Family Law Practice by the Cha...     [read more]

    By Hanson Renouf on  1 July 2013 
  • Mourant Ozannes’ property lawyer sworn in as Advocate

    Mourant Ozannes' property lawyer Stephanie Setters has been sworn in at Guernsey's Royal Court, having successfully completed her bar examination in May. In 2012 Advocate Setters spent three months in Caen, France studying for the Certificat d'Etudes Juridiques Francaises et Normandes, which...     [read more]

    By ORCHID on  1 July 2013 
  • Locate Jersey Confirms Launchpad in China

    Locate Jersey is delighted to confirm that its business relations with China have been boosted further with the appointment of a project manager in Beijing using the services of China-Britain Business Council's (CBBC) Launchpad scheme. Ms Nora Zhang will work on a project basis exclusively fo...     [read more]

    By States of Jersey Communications Unit on  1 July 2013 
  • Collas Crill STEP lectures to focus on Guernsey Border Agency and Private Trust Companies

    The Collas Crill STEP Guernsey July lecture series will focus on Mutual Legal Assistance Treaty (MLAT) requests and private trust companies (PTC). On 4 July, Jon Richards, senior investigation officer at Guernsey Border Agency, will deliver the lunchtime lecture on Mutual Legal Assistance Treaty (M...     [read more]

    By Orchard PR on  1 July 2013 
  • New work and housing laws evolutionary rather than revolutionary

    The Control of Housing and Work (Jersey) Law 2012 is not revolutionary, but it will lead to more streamlined processes and greater benefits for businesses and individuals. That was the view of a panel of experts who answered questions on the new law at a series of workshops organised by Mourant Ozan...     [read more]

    By ORCHID on  1 July 2013 
  • Crestbridge embarks on expansion by launching family office service

    Paul Perris, Heather Tibbo and Graeme McArthurFinancial services firm Crestbridge has launched a new family office service and established a dedicated family office team as it embarks on a period of expansion. The newly launched service will focus on assisting family offices and family advisers with the administration and structuring of various...     [read more]

    By Crystal PR on  1 July 2013 
  • New Regulatory Workshops launched

    New Regulatory Workshops launchedGuernsey risk management specialists, Corporate Risk Solutions (CRS) has launched a new series of workshops aimed at preparing financial organisations for their on-site visit from the local regulator – The Guernsey Financial Services Commission. The workshops will look at the wide spectrum of compli...     [read more]

    By Trish Grover, TG Communications on  1 July 2013 
  • Sure changes name to reflect new owners and new focus at board level

    Sure logoSure has rebranded its Enterprise division, refreshed the look of the Sure consumer brand and added board directors that enhance its focus on corporate clients and customer service excellence. Sure has taken its well respected and popular consumer brand, Sure and extended it into its enterprise div...     [read more]

    By Liquid on  1 July 2013 

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