ARTICLE · 27 FEBRUARY 1996
Company Law Amendments Imminent
An important stage has been reached in the careful process of overhauling and modernising Guernsey company law, according to Peter Crook, Director General of the Financial Services Commission.
'New legislation will soon be in place which will enable companies to operate in a variety of ways which were previously not catered for and which will help maintain the Island's competitive edge in the world of international finance centres,' he says.
Mr Roper says that of particular importance are changes enabling companies to be limited by guarantee and by shares (hybrid companies), to migrate to and from other jurisdictions, to merge with companies registered in other jurisdictions, to issue no par value shares, and to be set up as 'protected cell' companies.
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