Jersey: Draft Legislation in respect of discount rates and PPOs has been approved

This blog post is by William Audland QC of 12 King’s Bench Walk.

Following my earlier posts – for a summary on the discount rates see here – the Draft Damages (Jersey) Law 201 (as amended by Amendment P1.131/2018) to set a statutory discount rate and to create a statutory power to make a PPO was unanimously adopted by the States of Jersey yesterday.

From the date on which the Law comes into force – that date being 7 days after the registration in the Royal Court if sanctioned by the Privy Council – a court, including an appeal court, will apply the new provisions. It is anticipated that the Law will be registered in the Royal Court and therefore be in force by about the end of March. Continue reading Jersey: Draft Legislation in respect of discount rates and PPOs has been approved