Companies (Jersey) Law 1991: significant upcoming amendments
On 21 May 2014, the States of Jersey adopted the Companies (Amendment No. 11) Jersey Law 2014 (‘Amendment 11’), representing the most significant amendment to Jersey’s company law in recent years. The changes include many innovations that are expected to be of considerable interest to those who already use, or in the future will use, Jersey companies in their structures.
It is anticipated that Amendment 11 will come into force in September 2014 after it is sanctioned by the Privy Council.
Highlights include shareholder resolutions: introducing new rules that enable different thresholds to be specified for different resolutions. For instance, a company could provide that certain special resolutions need to be passed by a higher-than-usual majority (or unanimously). We expect this flexibility to be of interest in many cases, including joint venture arrangements and where robust minority shareholder protections are required. This new regime applies to written resolutions as well as to resolutions proposed at shareholder meetings…
Click on the link below to read the rest of the Carey Olsen briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Carey Olsen
News from The Lawyer
Briefings from Carey Olsen
BVI company law is based on Delaware law that has been anglicised.
The case of Jardine and STM Fiduciaire is the first prosecution of its kind in the Channel Island, raising concerns across the regulatory and compliance industry.