ARTICLE · 12 SEPTEMBER 2014

The Companies (Amendment No.11) (Jersey) Law 2014

Collas Crill

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Collas Crill

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The Companies (Amendment No.11) (Jersey) Law 2014 and related Orders came into force on 1 August 2014.

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The Companies (Amendment No.11) (Jersey) Law 2014 and related Orders (the "Amendment") came into force on 1 August 2014. It provides a suite of changes to the Companies (Jersey) Law 1991 (the "Companies Law"), to further enhance its flexibility and appeal to the international legal and finance community.

The Amendment makes the following changes:

SHAREHOLDER RESOLUTIONS

The Amendment introduces greater flexibility to shareholder decision-making by permitting the company to specify different (increased) voting thresholds (including unanimous) for different special resolutions. This allows a company more control in its management of its own affairs and aligns the Jersey process with that in other offshore jurisdictions.

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