The protected cell company concept is now used in the financial
services world as an alternative application for the structuring of
many different types of products, says Dominic Wheatley, Chief
Executive of Guernsey Finance.
When talking about Guernsey's success stories in the world
of financial services, few can match the pioneering introduction of
the cell company concept back in 1997.
The legislation, the Protected Cell Companies Ordinance, 1997,
celebrated its 20th anniversary on February 1 and is widely
regarded as Guernsey's go-to example for financial
innovation.
With Guernsey being the first to adopt the cell company concept,
the island has developed a world-class infrastructure for its
application, supported by a range of lawyers and accountants with
the highest level of expertise and experience in utilising the
structure.
