Company Law Changes In Guernsey

Changes to Guernsey's company law came into force on Thursday 3 September 2015. The only proposed change not now in force is that relating to the new requirements around hearings for applications to wind up 'supervised' (or financial services business) companies, which will not apply in respect of any hearing which takes place before 17 September 2015.

The changes are largely being introduced in response to industry feedback, to bring Guernsey's company law up to date and to surpass, where possible, other key financial centres - an exercise which is sometimes likened to painting the Forth Bridge.

The amending legislation introduces a comprehensive suite of changes. Whilst the below sets out the key changes, it is not an exhaustive summary.