Save your British expat staff hundreds of thousands on their son/daughter’s university tuition fees
Many British expats who live abroad are unaware of the problem awaiting them when their children apply to university - being classified as overseas students. What advice can you provide to staff to help them save a life-changing amount of money?
Kate Raison, UK Study Options15 December 2020
British expats who live and work outside the EU may unwittingly lose their son or daughter’s eligibility for Home fees at UK universities. Thousands of British students get classified as Overseas fee-payers every year at university and have to pay up to £350,000 in tuition fees. Providing good fee status advice to your staff can save them a lifechanging amount of money and prevent them from prematurely repatriating to the UK.Companies with globally mobile staff provide excellent education support to employees and their families but this is often limited to thinking about schooling. Many Bri
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The financial impact of the COVID-19 pandemic has put pressure on a wide range of structures and, as a result, lenders, borrowers and other counterparties are looking more closely at the impact of possible insolvency proceedings. As Jersey entities are often used in cross-border finance transactions, it is important to be aware of the differences between Jersey and English insolvency procedures for companies, trusts and limited partnerships.
What are the main Jersey insolvency procedures for a Jersey company?
The main Jersey insolvency procedures for a Jersey company are:
a creditors winding up under the Companies (Jersey) Law 1991 (the Companies Law). This is commenced by a special resolution of the shareholders. The procedure is broadly similar to a creditors voluntary winding up under the UK Insolvency Act 1986; and
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HSBC Holdings plc: Notice of Redemption
(the Preference Shares )
HSBC Holdings plc has given notice of redemption and cancellation (the
Redemption Notice ) to The Bank of New York Mellon (formerly, The Bank of New York) (the
Depositary ), as the holder of the Issuer s Preference Shares represented by the ADSs (ADS CUSIP: 404280604; ADS ISIN: US4042806046).
The ADSs were issued pursuant to the Deposit Agreement, dated 6 December 2002, among the Issuer, the Depositary, and all Holders and Beneficial Owners from time to time of the Receipts issued thereunder (the
Deposit Agreement ). Capitalised terms used herein and not defined herein shall have the respective meanings ascribed to such terms in the Deposit Agreement.