Jersey is introducing further innovations to its Companies Law,
making the jurisdiction even more attractive for those who use
Jersey companies for investment structuring, asset holding and a
wide variety of other purposes.
The Draft Companies (Amendment No. 11) (Jersey) Law has been
passed by the Island's Parliament, the States of Jersey, and is
expected to come onto the statute book in the Autumn once it
obtains Privy Council approval.
The measures to be introduced, which are some of the most
wide-ranging in recent years, include an 'out of court'
procedure for reduction of capital, increased flexibility
surrounding shareholder resolutions and the prospect of new
regulations that will permit a company to 'demerge' into
two or more surviving companies.
