Guernsey Company Law Amendments

Introduction

New amendments to the Companies (Guernsey) Law 2008 entered into force on September 3 2015 following approval by the States of Guernsey on July 29 2015. Transitional regulations will assist this change process.

These welcome changes based on industry experience of operating under the Companies Law are intended to provide clarification and increase operational efficiency and flexibility, all of which will help to keep Guernsey well placed as a jurisdiction of choice.

Further, regulations which were introduced to transition companies incorporated before the Companies Law entered into force will continue to apply until December 31 2016. This will give companies ample time to implement any changes necessary to fully comply with the law (eg, amending their memorandum and articles of incorporation).