Mr Bruce MacNeil

Bruce MacNeil

Updates

Aviation

Aircraft registry established
Jersey | 17 February 2016

The Jersey Aircraft Registry was launched on November 6 2015. The registry provides a platform for the registration of aircraft, as well as the creation, registration and enforcement of aircraft mortgages and aircraft engine mortgages. Further, the registry provides lenders with the opportunity to finance the lease or purchase of aircraft and aircraft engines which are registered in Jersey.

Banking & Financial Services

Enforcement of Security Interests (Jersey) Law 2012
Jersey | 17 January 2020

Under the Security Interests (Jersey) Law 1983, the powers of a secured party on enforcement were limited to a power of sale. The Security Interests (Jersey) Law 2012 changed the way in which security is created over intangible movables and introduced a wider range of enforcement powers. This article examines the enforcement of security interests in the event of default.

New Security Interests (Jersey) Law: changes to market practice
Jersey | 01 June 2012

The central objective of the new Security Interests (Jersey) Law is to provide Jersey with a simplified, modern, efficient legal regime for the creation, perfection, priority and enforcement of security interests in intangible movable property. Furthermore, the new law is designed to give Jersey one of the most up-to-date legal regimes in this field and thereby to enhance Jersey's attractiveness to local and foreign investors.

Employment & Immigration

COVID-19: government financial support for employers
Jersey | 08 July 2020

This article outlines the financial support available to employers in Jersey that have been adversely affected by measures introduced to manage the spread of COVID-19. Such support includes the payroll co-funding scheme and the deferral of social security contributions.

Insolvency & Restructuring

COVID-19: restructuring and corporate recovery measures
Jersey | 05 June 2020

Most employees in the Jersey financial services industry are working from home and there has been no interruption to business continuity for the sector due to the COVID-19 crisis. Further, the Jersey Financial Services Commission has confirmed that while its physical premises are closed, a flexible business continuity strategy is being implemented. This article sets out potential insolvency reforms which may be implemented in the financial services sector with respect to local, regulated and international business.

Private Client & Offshore Services

COVID-19: government financial support for businesses
Jersey | 02 July 2020

This article outlines the financial support available to businesses in Jersey that have been adversely affected by measures introduced to manage the spread of COVID-19. Such support includes the payroll co-funding scheme, the business disruption loan guarantee scheme, the COVID-19 Special Situations Fund, the deferral of social security contributions and goods and services tax payments, government rent deferrals and renegotiations and measures regarding income tax debts.

COVID-19: restructuring and corporate recovery measures
Jersey | 04 June 2020

Most employees in the Jersey financial services industry are working from home and there has been no interruption to business continuity for the sector due to the COVID-19 crisis. Further, the Jersey Financial Services Commission has confirmed that while its physical premises are closed, a flexible business continuity strategy is being implemented. This article sets out potential insolvency reforms which may be implemented in the financial services sector with respect to local, regulated and international business.

Enforcement of Security Interests (Jersey) Law 2012
Jersey | 16 January 2020

Under the Security Interests (Jersey) Law 1983, the powers of a secured party on enforcement were limited to a power of sale. The Security Interests (Jersey) Law 2012 changed the way in which security is created over intangible movables and introduced a wider range of enforcement powers. This article examines the enforcement of security interests in the event of default.

Aircraft registry established
Jersey | 11 February 2016

The Jersey Aircraft Registry was launched on November 6 2015. The registry provides a platform for the registration of aircraft, as well as the creation, registration and enforcement of aircraft mortgages and aircraft engine mortgages. Further, the registry provides lenders with the opportunity to finance the lease or purchase of aircraft and aircraft engines which are registered in Jersey.

New Security Interests (Jersey) Law: changes to market practice
Jersey | 31 May 2012

The central objective of the new Security Interests (Jersey) Law is to provide Jersey with a simplified, modern, efficient legal regime for the creation, perfection, priority and enforcement of security interests in intangible movable property. Furthermore, the new law is designed to give Jersey one of the most up-to-date legal regimes in this field, and thereby to enhance Jersey's attractiveness to local and foreign investors.

Advantages of new Security Interests (Jersey) Law
Jersey | 10 November 2011

The new Security Interests (Jersey) Law governing security over intangible movable property in Jersey has recently been passed by the States of Jersey and is expected to come into force in early 2012. The new law replaces the earlier Security Interests (Jersey) Law 1983 and includes changes to the scope of collateral, creation, attachment and perfection, third-party security, rights to deal, registration and enforcement.