This country-specific Q&A provides an overview of Mergers
& Acquisitions laws and regulations applicable in Guernsey.
1. What are the key rules/laws relevant to M&A and who are
the key regulatory authorities?
The Companies (Guernsey) Law, 2008, as amended (Guernsey
Companies Law) provides the legal framework for a Guernsey
company's operation in all areas, including any merger and
acquisition (M&A) of a Guernsey company.
The UK Panel on Takeovers and Mergers (Takeovers
Panel) regulates takeovers and mergers in Guernsey that
fall within the ambit of the UK City Code on Takeovers and Mergers
(Takeover Code).
The Takeover Code will apply to a Guernsey company when
either:
- the company's securities are admitted to trading on a
regulated market or multilateral trading facility (MTF) in the UK
or on any stock exchange in the Channel Islands or the Isle of Man;
or