Collas Crill Compliance will provide governance, risk and compliance and AML/CFT services to regulated and non-regulated businesses, working closely with Collas Crill's market leading risk and regulatory legal team.
This will provide some comfort to employers, many of whom have been concerned with the breadth of the proposed definition and the fact that it would be so different from the approach taken in Jersey and the UK.
Practitioners in Jersey and many other jurisdictions who advise on creditors’ and members’ schemes of arrangement, will be very familiar with the practical challenges presented by the requirement for a majority in number of creditors or member
The General Court of the European Union, the lower EU court, had previously ruled in 2017 that the case of the group of shareholders was admissible, but the ECJ, the EU’s upper court, said on Tuesday that the lower court had erred in its judgment.
As the Supreme Court noted, "very extensive powers were delegated to Mr Al Sanea to take decisions on behalf of the company, including signing powers over the company's bank accounts."