Walkers has advised on one of the first continuances of a foreign limited partnership into Jersey.
Group Partner Christopher Reed, assisted by a team including Senior Associate Ruth Donnellan, advised on the migration of the limited partnership, working with lead counsel in the Netherlands and Hawksford in Jersey.
The transaction involved the migration of a foreign limited partnership into Jersey using the newly introduced statutory migration scheme for the continuance of non-Jersey limited partnerships pursuant to the Limited Partnerships (Continuance) (Jersey) Regulations 2020.
A Hawksford team, led by Director Darren Toudic and Associate Director James Quinn, assisted with the corporate administration aspects of the continuance.
Christopher Reed said: “We expect this new migration regime to provide a useful route into Jersey for many clients looking to redomicile their partnership vehicles, enabling them to take advantage of the financial services environment Jersey has to offer.”