Director selection offshore is still too often based on who you know, not what you know. References are not often checked and it still has the same clubby feel to it as it had decades ago. But the roles and responsibilities of directors have grown enormously since then. Shouldn’t there be more of a change in the way offshore fund directors are selected too?

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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.

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