Will there be governance issues with Jersey LLCs?

Will there be governance issues with Jersey LLCs?

Jersey has introduced legislation to establish Limited Liability Companies. Jersey Finance says that  new legislation ‘has the potential to significantly enhance pan-Atlantic business with the US’. The Draft Limited Liability Companies Law has been approved by Jersey’s government meaning that limited liability companies (LLCs) can now be established in Jersey for the first time.

As Jersey introduces LLCs it is worth pointing out that mirroring these US structures offshore can create governance problems, as Cayman has discovered. Cayman brought in LLCs in 2016 and so has some experience of them by now.

To read more on this story see the September issue of The NED.

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