BY PETER BERTRAM OF LEXSTONE LAWYERS

Solar panels are making news. They offer the prospect of clean renewable energy which is hugely desirable not least when steps are taken to mitigate their visual impact upon the environment. But are there any downsides or is it all sunshine?

Jersey has experienced an increase in the number of migrations to the Island of issuers in collateralised loan obligation (”CLO”) transactions, with many structured so that outstanding notes are reset at the same time as the continuance-in takes effect.

A number of these same CLO issuers refinance the notes that were issued at the time of their migration.

As these structures often require the issue of a new consent, the Jersey Financial Services Commission (the ”Commission”) has issued a new checklist (the ”CLO Checklist”), which should greatly assist with streamlining all future CLO refinancing transaction applications.

Jersey has remained a leading international finance centre (IFC) for the past 60 years. Political and economic stability, coupled with our strong regulatory and legal framework and renowned forward-thinking, has helped us maintain the edge that sets us apart from other IFCs. 

To continue as a world leader in finance with the Jersey company remaining the vehicle of choice for international transactions, probably the most significant proposed amendments to our Companies (Jersey) Law 1991 (the ”Companies Law”) for over a decade have been put forward.