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ARTICLE · 09 SEPTEMBER 2016

Companies (Guernsey) Law, 2008 (As Amended)

Provisions which may be displaced or supplemented by contrary provisions in a company's memorandum or articles of incorporation.

GuernseyWealth Management

Provisions which may be displaced or supplemented by contrary provisions in a company's memorandum or articles of incorporation.

This memorandum has been prepared to assist our clients in connection with the provisions in the Companies (Guernsey) Law, 2008 (as amended) (most recently by the Companies (Guernsey) law, 2008 (Amendment) Ordinance 2015) (the "Companies Law") which may (i) be displaced by contrary provisions in a company's memorandum or articles of incorporation or (ii) allow a Guernsey company to make express provision in its memorandum or articles permitting such company to undertake anything which it would not otherwise be able to take. It is intended to provide only a summary of the main legal and general principles and it is not intended to be comprehensive in scope. It is strongly recommended that you seek specific legal advice on such matters and we would be pleased to assist in this respect. A series of briefings on other specific aspects of

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