Jersey: draft legislation on discount rates gathering pace

This is an update by William Audland QC to his recent blog on the Draft Damages (Jersey) Law 201 (available here).

Following my post earlier this week it now appears that the Draft Damages (Jersey) Law 201 -designed to set a statutory discount rate and to create a statutory power to make a PPO – is being expedited.

The Corporate Services Scrutiny Panel has already started a review of the draft Law. As part of that review, relevant practitioners and experts in Jersey have been invited to submit their views on the draft Law, and to certain specific questions relating thereto, by 9 November 2018.

The Draft Damages (Jersey) Law 201 has been lodged by the Chief Minister for debate on 4 December 2018.

Watch this space.

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