Changes to the Takeover Code are expected to further
boost Guernsey's credentials as a centre of excellence for
listing on the Alternative Investment Market (AIM) of the London
Stock Exchange (LSE).
There are already more Guernsey companies listed on the LSE than
any other jurisdiction (ex-UK), including 37 AIM-listed structures
and now a leading lawyer from Carey Olsen believes clients with
entities domiciled elsewhere may consider migrating them to the
Channel Islands.
The Takeover Code establishes rules applying to takeovers and is
principally designed to ensure fair and equal treatment of
shareholders in relation to takeovers.
The Takeover Panel's amendments to the Code, which come into
effect on 30 September 2013, will make all companies listed on AIM,
and which are incorporated in Guernsey, Jersey, UK and Isle of Man,
subject to the Code. Currently, only companies which are treated by
the Takeover Panel as being centrally managed and controlled
