July briefing: Demergers in Jersey

Overview

The Regulations come into force on 01 September 2018 and introduce a new, more simplified, way for a Jersey company that wishes to segregate its business activities (or ‘demerge’) by transferring distinct businesses into two or more Jersey companies without the need to obtain court approval.

Our July briefing note is intended as an overview of some of the legal issues which should be considered on a demerger following the implementation of The Companies (Demerger) (Jersey) Regulations 2018 (the Regulations).

The merger procedure under the Companies (Jersey) Law 1991 (the Companies Law) has not been discussed in this note.

More detailed advice on a demerger under the Regulations or on the merger procedure under the Companies Law is available on request.