The first part of the much heralded and long awaited Security Interests (Jersey) Law 2012 comes into force today with the remainder of the new law coming into force on 2 January 2014.
From today, it will be possible to register existing assignments of receivables on the new Security Interests Register maintained by the Companies Registry in Jersey. The creation and registration of new security interests and assignments of receivables will be possible from January 2014.
Please click here to read more on the main provisions of the new law and please do feel free to contact us should you wish to discuss any aspect of it.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.