BL GLobal

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Here are the latest news articles and features that have been posted to BL Global.
If you have any news items that you would like to be considered for publication, please send them to news@blglobal.co.uk.

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The BL Global team

Appleby previews incoming LLC legislation

The Limited Liability Companies (LLC) law is expected to come into force early this year and is designed to allow fund managers and investors to use a LLC structure with which they will be familiar from the US and certain other international finance centres. Here, Appleby offers an overview of the legislation. LLCs are a flexible structure. They are widely used in the US across a range of areas, including holding companies and fund structures – and this is what they will most lik...

Ogier recruits Advocates in Jersey and Guernsey

Ogier has appointed two senior Advocates to its Jersey and Guernsey Dispute Resolution teams. In Jersey, contentious trusts specialist Damian Evans (pictured right) has joined as Counsel, and in Guernsey, Bryan de Verneuil-Smith has been appointed as a Managing Associate. With seven years' experience as a Jersey Advocate, most recently heading the contentious trusts team at Jersey law firm Walkers, Damian specialises in commercial litigation including insolvency, contractual disput...

JTC and Carey Olsen support launch of Binance Jersey

JTC has provided corporate services to the world’s largest cryptocurrency exchange, Binance, for the launch of its Jersey platform, while Carey Olsen provided legal and regulatory advice for the launch. Binance Jersey will provide secure and reliable sterling and euro to cryptocurrency (Bitcoin and Ethereum) exchange, giving investors in Europe and beyond easy access to the evolving cryptocurrency market and an alternative to standard currency (fiat) exchange. JTC provided a...

The Interview: Louise Bracken-Smith

In a consolidating market, Jersey-based fiduciary business Fairway Group has remained what it describes as ‘consciously independent’. Co-founder and CEO Louise Bracken-Smith tells Businesslife why the company isn’t up for sale and how she plans to take it forward What’s your background and how did you get there? I trained with Coopers & Lybrand and, after a lot of soul searching, left and went travelling for a couple of years. I’d wanted to join a smaller a...

The corporate icing on the cake

Patisserie Valerie is just one of several recent high-profile corporate governance failures – and that’s putting board directors under increasing pressure to go beyond their statutory duties towards the companies they oversee It was the latest case of a boardroom malfunctioning. The parent company of upmarket cake emporium Patisserie Valerie announced that it had found a ‘material shortfall’ – otherwise known as a black hole in the accounts – and needed an...

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