Business News Archive

« April 2018

May  2018  (55)

  • Digital Jersey to hold IoT workshop

    Digital Jersey logoDigital Jersey is holding a two-day Internet of Things (IoT) workshop in June. The event – Island of Things: An Introduction to IoT – will be held on 21-22 June at the Pomme d'Or Hotel. It has been developed with University College London (UCL) to examine the challenges, success fac...     [read more]

    By Digital Jersey on  25 May 2018 
  • Visit Jersey: best year in a decade

    Visit Jersey logoVisit Jersey has used its 2017 annual report to announce the best year in a decade for staying visitors. It reports that tourism receipts from Jersey’s 727,000 visitors were equivalent to £2,400 for each man, woman and child in Jersey.  The detailed report shows an increase in fir...     [read more]

    By Oi on  25 May 2018 
  • JFSC and OIC issue joint statement on data law

    JFSC logo The Jersey Financial Services Commission and Office of the Information Commissioner have issued the following joint statement on the Data Protection (Jersey) Law 2018: 'The Data Protection Law 2018 comes into effect today. This important piece of legislation will strengthen Jersey’s prote...     [read more]

    By Jersey Financial Services Commission on  25 May 2018 
  • Guernsey funds sector 'positive'

    We Are Guernsey logoGuernsey’s funds industry is seeing a number of new inquiries so far this year and expects to see a rise in the value of the sector before the end of the year, following a decline in the first quarter’s statistics.   Latest figures from the Guernsey Financial Services Commission (GF...     [read more]

    By We Are Guernsey on  25 May 2018 
  • Acting Commissioner urges GDPR awareness

    Paul VaneA new structure for the Office of the Information Commissioner (OIC), new Jersey data protection laws and the General Data Protection Regulation (GDPR) all come into effect today.  Acting Information Commissioner Paul Vane (pictured) has called on all business owners in Jersey to ensure they a...     [read more]

    By Liquid on  25 May 2018 
  • Jersey House Price Index published

    Skipton castleThe latest Jersey House Price Index reflects large increases in the value of local homes. The average price of homes on the island has risen by six per cent in the last quarter and by 12 per cent compared with the first quarter of 2017.  Turnover of properties was down, suggesting that pr...     [read more]

    By Direct Input on  24 May 2018 
  • Future Finance names new Head of Legal

    Bennie Burger_FutureFinanceJersey-based lending group Future Finance has launched a new legal service line and appointed Bennie Burger as Head of Legal.  Bennie is a practising English solicitor, a South African attorney and an Anguillan solicitor with extensive experience. He started his legal career in South Africa i...     [read more]

    By Infuse Group on  24 May 2018 
  • VG and Ward Yates act in MEA deal

    VG logoJersey-based firms VG and Ward Yates acted in partnership with the Dubai office of Dentons to advise Virgin Mobile Middle East and Africa (VMMEA) on the issuance of a US$30 million pre-IPO exchangeable senior secured Sukuk, which was privately placed.  The company plans to use the proceeds to ...     [read more]

    By VG on  23 May 2018 
  • BDO makes Guernsey promotions

    BDO LogoAccountancy and business advisory firm BDO has promoted seven employees – all previously Audit Seniors within the firm – to the position of Audit Supervisor. • Krista De La Mare – started her career at BDO in 2012, becoming Audit Senior last year • Samantha Gervaise-Braz...     [read more]

    By BDO on  23 May 2018 
  • Chamber announces June briefing

    Jersey Chamber of Commerce logoJersey Chamber of Commerce is holding a Critical Briefing in June, looking at recruiting, managing and inspiring the intergenerational workforce. Announcing the event, it said: "Never before has the workforce consisted of a mix of generations with such radically different life experiences, asp...     [read more]

    By Jersey Chamber of Commerce on  23 May 2018 
  • Jersey publishes latest Business Tendency Survey

    States of Jersey logo 2017The States of Jersey has published its quarterly Business Tendency Survey up to March 2018. The survey, which provides qualitative information about the island’s economy, asks Chief Executives and Managing Directors to give their opinions on the state of their business compared with thre...     [read more]

    By States of Jersey on  23 May 2018 
  • Guernsey releases Economic Overview

    The total size of the island's workforce grew again last year, according to the States of Guernsey's bi-annual Economic Overview, which includes indicators that paint a mixed picture of the economy. The report, produced by Strategy and Policy, brings together core government data to provide...     [read more]

    By States Of Guernsey on  23 May 2018 
  • Collas Crill advises on financing of Park Place

    Park PlaceCollas Crill has assisted two private high-net-worth lenders on a £5.5 million financing for the acquisition and development of Park Place (pictured) in St Peter Port, Guernsey. The development will entail a significant refurbishment of the building to prime commercial office space prior to b...     [read more]

    By Collas Crill on  22 May 2018 
  • Carey Olsen acts in two transactions

    carey olsen logo 2017A cross-jurisdictional Carey Olsen team has advised Strategic Value Partners (SVP) in its acquisition of Vita Group from TPG.   The UK-based Vita Group, which has been owned by TPG since 2005, develops, manufactures and markets flexible polyurethane, Talalay latex and flooring products to custo...     [read more]

    By Carey Olsen on  22 May 2018 
  • Osiris rebrands as Fiduchi

    fiduchi logoJersey-based multi-family office, trust, corporate and yacht services provider Osiris Management Services has rebranded itself as Fiduchi.  Managing Director David Hopkins explained: "As part of our strategic review, we set clear goals for our future growth. To achieve this, we identified...     [read more]

    By BL Global on  22 May 2018 
  • Ipes adds to top team

    Ipes_AntoinetteKyriacouOutsourced services provider Ipes has made five additions to its senior team in Jersey. Senior Managers Gary Ayres and Vimbai Bundu-Kamara have been appointed as Operations Directors and have joined the Jersey board. They will be jointly responsible for the oversight and delivery of all aspect...     [read more]

    By Ipes on  22 May 2018 
  • Liquid named in PR Week Top 150

    liquid logo thumbnailCommunications consultancy Liquid has been ranked in PR Week’s Top 150 list of UK consultancies. Placed at 137 nationally, Liquid is also ranked the 25th largest consultancy outside London. With offices in Jersey, Guernsey, Birmingham and a base in London, Liquid is the only consultancy in th...     [read more]

    By Liquid on  22 May 2018 
  • Chamber Lunch to focus on hospitality

    Jersey Chamber of Commerce logoThe Jersey Chamber of Commerce is holding a summer Chamber Lunch – 'Hospitality in the Channel Islands and the challenges faced' – on 13 June at L'Horizon Beach Hotel and Spa. The guest speaker will be Julia Hands, Chair and CEO of Hand Picked Hotels, who oversees 20 country...     [read more]

    By Jersey Chamber of Commerce on  21 May 2018 
  • JT publishes 2017 Annual Review

    JT logoJT has published its Annual Review for 2017, which shows an increase in turnover of 41 per cent from £185 million to £261 million, creating an operating profit for the year of a little over £11 million.  The group attributes the increase in turnover to growth in its internati...     [read more]

    By Direct Input on  21 May 2018 
  • Carey Olsen acts in Asian investment

    careyolsen logo_2017Carey Olsen's Investment Funds team in Jersey has advised the South-east Asia-focused AVI Frontier Fund I on its second close and investment into Techcombank’s landmark listing on Vietnam's Ho Chi Minh Stock Exchange.   The new funding round follows the fund's successful first...     [read more]

    By Carey Olsen on  21 May 2018 
  • CI winners named at Who's Who Legal Awards

    Who's Who LegalMourant Ozannes has been named Jersey Firm of the Year at the recent Who's Who Legal Awards in London. Carey Olsen picked up the award for Guernsey Firm of the Year. The Who’s Who Legal Awards are based on research conducted among private practice lawyers of repute in their respective fie...     [read more]

    By BL Global on  18 May 2018 
  • JFSC issues cyber attacks warning

    JFSC logo The Jersey Financial Services Commission (JFSC) has today received intelligence regarding local companies allegedly being subjected to cyber ‘impersonation attacks’, resulting in substantial financial losses. In a statement, the Commission said: "We believe that this is not an...     [read more]

    By Jersey Financial Services Commission on  18 May 2018 
  • Babbé acts for Carillion captive

    Babbe logoA Guernsey captive insurance subsidiary of the troubled Carillion group has been compulsorily wound up by the Royal Court.   Babbé Dispute Resolution Partner Todd McGuffin, assisted by Associate Bryan Little, represented the Directors of Carillion Insurance Company.   Its parent, Br...     [read more]

    By Orchard PR on  17 May 2018 
  • Guernsey reaffirms transparency record

    We Are Guernsey logoGuernsey’s Chief Minister has set out the island's status as a mature jurisdiction with a strong record on the transparency of beneficial ownership, following the debate in UK Parliament on beneficial ownership.   Deputy Gavin St Pier (pictured) used his address to Guernsey&...     [read more]

    By We Are Guernsey on  17 May 2018 
  • Mourant advises on Australia fund

    mourant logo 2018Mourant Ozannes represented BGH Capital as to Guernsey law in the raising of its first private equity fund with a focus on investment in Australia and New Zealand. The fund, which held its final closing with commitments at around A$2.6bn (approximately US$2bn), is said to be the largest first-time ...     [read more]

    By Mourant Ozannes on  16 May 2018 
  • Voisin acts in CLO refinancing

    Voisin logo 2017Voisin has acted as legal Counsel in connection with an issuance of collateralised loan obligation (CLO) refinancing notes.  Saranac CLO III and Saranac CLO III issued just over $363 million of refinancing notes. The notes, which are rated by Moody’s Investors Service, are collateralised...     [read more]

    By Suzanne le Lay on  16 May 2018 
  • Ogier named in IFLR Firms To Watch 2018

    Ogier new logoOgier is the only offshore firm to be named in IFLR1000's Firms to Watch 2018. The list – a supplement to the IFLR1000 guide to the world's leading financial law firms – this year comprises 31 firms selected for "breaking into new markets or expanding in footprint or h...     [read more]

    By Ogier on  15 May 2018 
  • GFSC releases 2017 Annual Report

    GFSC logoThe Guernsey Financial Services Commission has published its 2017 annual report and financial statements. Among the themes explored in the report is 'green finance', with a regulatory initiative, known as the Guernsey Green Fund, expected in June. In addition, the Commission has announ...     [read more]

    By Guernsey Financial Services Commission on  15 May 2018 
  • Corefocus recruits Senior Developer

    Nick Clyde-SmithJersey-based Microsoft business solutions specialist Corefocus has appointed Nicholas Clyde-Smith as its new Senior Developer.  Nicholas is a specialist in web, API and app development, and in his new role he will help deliver bespoke software solutions to clients.  He has spent the past...     [read more]

    By Refinery on  15 May 2018 
  • AFM appoints Client Relationship Manager

    Steve Martel_AFMFacilities management specialist AFM has appointed Steve Martel as its new Client Relationship Manager. Steve, who will be based in Guernsey, will be responsible for building and maintaining long-term client relationships and helping clients get the most out of their assets and estate.  He jo...     [read more]

    By Liquid on  15 May 2018 
  • New CEO at Jersey Chamber

    Murray Norton_JCCThe Jersey Chamber of Commerce has appointed Murray Norton as Chief Executive. He will take up the post on 23 May, when his time as a States Member comes to an end. Murray has run several businesses in Jersey, including The Quai Restaurant and Murray's, and is currently Brand Ambassador and Sal...     [read more]

    By Jersey Chamber of Commerce on  14 May 2018 
  • Carey Olsen acts in CoinShares fund

    careyolsen logo_2017Carey Olsen's investment funds team in Jersey has advised CoinShares Group on the successful first close of CoinShares Fund II.   The new investment vehicle follows the June 2017 launch of CoinShares Fund I, reported to be the first fund to be denominated in Ethereum.  Like its predec...     [read more]

    By Carey Olsen on  14 May 2018 
  • Aztec makes senior hire

    Ivana Paprckova_AztecFund and corporate services provider Aztec Group has appointed Ivana Paprckova as an Associate Director in Jersey. Ivana will join the group’s Private Equity team, where she will play a lead role in the delivery of fund administration services to its private equity clients.  Day to day,...     [read more]

    By Aztec on  14 May 2018 
  • CI winners at Magic Circle Awards

    ElaineGraham_CitywealthFive awards were handed out to firms based in or operating in the Channel Islands at last night's Citywealth Magic Circle Awards presentation in London. The awards, now in their 13th year, recognise the best wealth managers and advisers in the private wealth industry, in particular those who in...     [read more]

    By Citywealth on  11 May 2018 
  • Guernsey property market activity dips

    Skipton castleBad weather and an early Easter may have had an impact on the growth of the Guernsey property market, with figures from the Residential Property Prices Bulletin for the first quarter of 2018 reflecting a drop in the House Price Index.  Activity within the local market was down in comparison to...     [read more]

    By Direct Input on  11 May 2018 
  • Oben Law + Regulatory appoint two

    Oben_Claire RigbyJersey-based Oben Law and Oben Regulatory have appointed Advocate Claire Rigby (pictured right) and Louise Godley as Senior Associates.   Claire is a specialist family lawyer, who has practised in England and Jersey. She previously worked at Payne Hicks Beach, a family law firm in England...     [read more]

    By Refinery on  11 May 2018 
  • Appleby names Jersey Managing Partner

    WendyBenjamin_Appleby 2018Appleby has appointed Wendy Benjamin to the role of Managing Partner for the Jersey office. The new role, which will be in addition to Wendy’s existing roles as Partner and Local Practice Group Head of the Corporate team, will focus on the overall management of the Jersey office, including gr...     [read more]

    By Appleby on  10 May 2018 
  • Zedra acquires Maltese firm

    Zedra logoTrust, corporate and fund services specialist Zedra has acquired Quaestum Corporate Management, based in Malta, subject to further regulatory approval.   Quaestum is an independent fiduciary services firm, founded in 2012. The firm will be merged into Zedra’s network of global jurisdictio...     [read more]

    By Nacelle on  8 May 2018 
  • Jersey debt judgments rise in Q1

    Registry Trust logoThe number of debt judgments registered in Jersey rose slightly during the first quarter of 2018, according to figures released by Registry Trust, the non-profit body that collects judgment information from jurisdictions throughout the British Isles and Ireland.  In Jersey, Registry Trust coll...     [read more]

    By Hurlstons on  8 May 2018 
  • HSBC releases global trade report

    Warwick LongThe Channel Islands have an opportunity to play a key role in supporting a growing number of businesses that are concerned about protectionism but optimistic about their international prospects, according to HSBC's Head of Commercial Banking in the Channel Islands and Isle of Man, Warwick Long (...     [read more]

    By Crystal PR on  8 May 2018 
  • Guernsey Q1 visitor numbers fall

    A challenging first quarter with bad weather contributed to an overall decrease in total departing visitors on Guernsey, according to the island's Office of the Committee for Economic Development. Including cruise passengers and visiting yachtsmen, total visitor numbers decreased by 14.9 per ce...     [read more]

    By States Of Guernsey on  8 May 2018 
  • Guernsey welcomes IEA call for mutual recognition

    We Are Guernsey logoCalls from Guernsey for greater mutual recognition of financial regulatory standards have been endorsed in a new report from an independent thinktank.   The Institute of Economic Affairs (IEA) has made the recommendation as part of a report on improving global financial services regulation and ...     [read more]

    By We Are Guernsey on  4 May 2018 
  • Mourant makes CI Counsel promotions

    Leanne WallserMourant Ozannes has appointed three Channel Island lawyers to the role of Counsel. Litigator Luke Olivier (pictured) and corporate and investment fund specialists Dylan Latimer and Leanne Wallser (pictured) moved into their new roles on 1 May.   Luke is a lawyer in the Jersey litigation practic...     [read more]

    By Mourant Ozannes on  3 May 2018 
  • Ogier recruits Senior Associate

    julia-keppe_OgierLeveraged and fund finance specialist Julia Keppe has joined Ogier's Banking & Finance team as a Senior Associate. Julia, who has previously practised in London and New York, joins the team in Jersey led by European Head of Banking and Finance Katrina Edge. Julia's 12 years of experien...     [read more]

    By Ogier on  3 May 2018 
  • Babbé: Judgment restores faith in CI trusts

    Babbe logoConcern about the vulnerability of Guernsey and Jersey trusts have been resolved by a Privy Council ruling last week, according to one of the litigators involved in the case. A Guernsey Court of Appeal decision in 2015 had held that a creditor of a trustee may enforce a debt directly against a trus...     [read more]

    By Orchard PR on  3 May 2018 
  • Wealth Edition of Businesslife now online!

    BL56_coverIssue 56 of Businesslife – our annual Wealth Edition – is now available online.  This year, we decided to take a more global look at wealth and started off by looking both East and West at how Asian and US clients are using the Channel Islands and the distinct challenges and opport...     [read more]

    By BL Global on  3 May 2018 
  • Opinion: Same gender, same rights

    Christopher Austin_ParslowsChristopher Austin (pictured), Senior Associate at Parslows, explores some of the effects of extending the right to marriage in Jersey to same-sex couples On 1 February this year, the States of Jersey voted in favour of the Marriage and Civil Status (Amendment No. 4) (Jersey) Law 201-. The new marr...     [read more]

    By Parslows on  2 May 2018 
  • First Names makes senior hires

    Mike Pownall_FirstNamesFirst Names Group has made two Client Service Director appointments in the Channel Islands – Carola Zoni in Guernsey and Mike Pownall in Jersey.  Carola brings to the role broad experience administering corporate and private wealth structures for clients around the world. She joins First...     [read more]

    By First Names Group on  2 May 2018 
  • Digital Jersey appoints Special Adviser

    Joe Dignan_DigitalJerseyDigital Jersey has appointed 'smart cities' specialist Joe Dignan as a Special Adviser. Joe will be advising Digital Jersey in the year it launches SandBox Jersey, its whole-island testbed proposition.  He is the founder of Kintechi, an independent consultancy focusing on delivering d...     [read more]

    By Switch Digital on  2 May 2018 
  • Voisin names new Head of Property

    NatalieHarris_VoisinNatalie Harris has joined Jersey law firm Voisin as Head of Property.   Natalie has been advising clients on Jersey property transactions for more than 12 years. She moves to Voisin after seven years at Bedell Cristin, prior to which she worked for Mourant Ozannes. She has extensive experienc...     [read more]

    By Suzanne le Lay on  2 May 2018 
  • PE investment in Europe hits 10-year high

    InvestEurope_logoPrivate equity investment in European companies hit a 10-year high in 2017, at €71.7bn – a 29 per cent year-on-year increase – according to new data from Invest Europe. Almost 7,000 companies gained investment, of which 87 per cent were small and medium-sized enterprises (SMEs). In...     [read more]

    By Invest Europe on  2 May 2018 
  • Jersey responds to UK AML debate

    Jersey Finance lionA high-profile debate took place yesterday in the UK House of Commons and considered a set of amendments to the Sanctions and Anti-Money Laundering Bill. The debate has brought the issue of beneficial ownership and public registers back into the spotlight. The result was that the amendment with res...     [read more]

    By Crystal PR on  2 May 2018 
  • Calligo buys Canadian IT specialist

    calligo-logo 2018Jersey-based data optimisation and privacy specialist Calligo has acquired Mico Systems, a Canadian specialist in outsourced IT management for SME clients. The purchase of Mico Systems, based in Ontario, is the latest development in Calligo’s growth strategy in North America, following i...     [read more]

    By Calligo on  1 May 2018 
  • Carey Olsen makes Cayman appointment

    CO_Matthew_CrawfordCarey Olsen has appointed Matthew Crawford as a consultant in its Cayman Islands dispute resolution and insolvency practice.   Matthew, who has broad commercial litigation and insolvency experience, particularly in the financial services sector, joins Carey Olsen after 11 years working at Maple...     [read more]

    By Carey Olsen on  1 May 2018 
  • Intertrust makes senior promotions

    Cheryl HeslopIntertrust has has made three senior appointments Jersey.   In Capital Markets, Cheryl Heslop has been promoted to Associate Director. Cheryl joined the firm in 2004 and has 17 years’ experience in capital markets and structured finance. She sits on a number of boards, mostly for special ...     [read more]

    By Orchard PR on  1 May 2018 

« April 2018

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