Two new pieces of legislation relating to foundations came into force on 18 November 2009. The Foundations (Mergers) (Jersey) Regulations 2009 allow for two or more Jersey foundations to merge and continue as one foundation, for Jersey foundations to merge with "recognized entities" and continue as one foundation, and also for Jersey foundations to merge with "recognized entities" and continue as one "recognized entity". The Foundations (Winding Up) (Jersey) Regulations 2009 provide for the dissolution of foundations and include provisions regarding the winding up of both solvent and insolvent foundations.

For further information, please refer to our series of Briefings on foundations