About Lexstone’s Legal Bite
We are delighted to provide you with the first edition of Lexstone's Legal Bite for our clients and professional intermediaries. The purpose of Lexstone’s Legal Bite is to give a quick update on the latest news at Lexstone Lawyers and significant matters of Jersey and Panamanian law that may interest you.
Lexstone Lawyers is a pure law firm specialising in investment funds, commercial law, banking, private wealth, financial services, employment, environment and intellectual property. Our first edition welcomes Claudia Martans, a Panamanian attorney at law, Katie Nelson, a personal assistant and Emma Harper, a financial administrator, to the firm. It also provides an update on our practice areas in Jersey. Further details can be found at our website: www.lexstone.je.
Lexstone Lawyers welcomes Claudia Martans
We are delighted to announce the appointment of Claudia. Claudia is a second generation Panamanian qualified lawyer, whose parents were both qualified lawyers in Panama (with one of them being a professor of law). Claudia is the first Panamanian lawyer practicing within Jersey.
Katie Nelson and Emma Harper join Lexstone Lawyers
Katie Nelson has joined the firm as a personal assistant and secretary. Katie has previously been the personal assistant to the managing director of a trust company business and a personal assistant and secretary to a corporate partner at Mourant Ozannes.
Transaction legal opinions
We are now able to offer both Panamanian and Jersey transaction legal opinions for all types of Jersey and Panamanian entities. For clients with regular legal opinion requirements, we are able to offer a highly competitive streamline service. In most cases, legal opinions will be able to be issued within 48 hours of receipt of the requisite constitutional and transaction documents.
At times, Lexstone’s Legal Bite will provide a health warning where it has become aware of bad practice within the local business community and / or finance industry that may require remedial action. It is not intended to panic readers, but prompt them into action.
Panama has been very much in the news lately. There is a serious risk that it could tarnish all international finance centres. As usual, the journalists have been very selective in what they have reported. Mossack Fonseca is neither a regulated financial services business in Jersey nor a law firm, it simply has a representative office. Its presence in the UK is somewhat more significant.
Cases of interest
Although Lexstone Lawyers is a purely non-contentious practice, we regularly monitor cases of interest in our core practice areas and will bring cases of significance to your attention.
AML / CFT Handbook Appendix D1 and D2 Updated
Iran sanctions update – 22 January 2016
The JFSC publishes an update on Iran sanctions. Caution is still required with some import and export restrictions in place. Specific legal advice is recommended when considering any transaction involving any connection with Iran to ensure compliance with local law.
Memorandum of understanding – 20 January 2016
The JFSC signs memorandum of understanding with Jersey Ombudsman.
Channel Islands Securities Exchange – 19 January 2016
400 securities listed on the Channel Islands Securities Exchange.
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