New companies legislation is being introduced in Guernsey. The January 2008 Billet D'État (the order paper for Guernsey's Parliament) included the draft text of the new Act, titled the Companies (Guernsey) Law 2008. The Act was published in volumes two and three of the legislation Billet D'État. The Act does not become law until it has received the approval of The Queen in Council. This is likely to take place within the next few months in order that the Act can come into force in July.
Consultation on the new Act began in 2005, when a green paper was published. The new Act updates the Companies (Guernsey) Laws 1994 to 1996 and in content it borrows from other jurisdictions including New Zealand, the Cayman Islands, the UK, Scotland and Jersey. For further information, click here.
Company law reform is proving popular in the Crown dependencies. The Isle of Man introduced a new Companies Act in 2006 (about which see: overview and the Act).
---
Postscript: On 7 May, the Companies (Guernsey) Law 2008 was approved by the Queen in Council (see here).
Postscript 2: See this post for a further update (June 2008) and a link to the most recent consolidated version of the legislation.
Guernsey: New Companies Legislation
Labels:
companies act 2006,
guernsey,
isle of man,
jersey,
new zealand,
scotland
Spread The Love, Share Our Article
Subscribe to:
Post Comments (Atom)
Popular entries
-
Incident: Sick Kids physician loses portable hard-drive with unencrypted personal health informationA physician from Sick Kids hospital who decided to travel with a portable hard-drive containing unencrypted health information on 3,300 pat...
-
According to an article in USA Today, Facebook is following in the footsteps of Google and others by using targeted ads. I'm not at all ...
-
On June 23, Australia's Parliamentary Joint Committee on Corporations and Financial Services published a report titled Better sharehold...
-
INSOL Europe recently published a report titled Harmonisation of Insolvency Law at EU Law Level : see here ( pdf ). The report outlines di...
-
"Police tried to calm the teen, but Holyfield became combative, according to the statement. Officers fired the stun gun at him after he...
-
Apparently the American government is about to implement its latest version of the no-fly list, without data mining using commercial sources...
-
The Information and Privacy Commissioner of Alberta released a very interesting order today, considering whether the right to freedom of exp...
-
Section 309 of the California Corporations Code provides that a director must act in good faith, in the manner in which he/she believes to...
-
If all those who say they should be in prison are willing to pay for that through their chequebooks rather than mine and many other taxpayer...
-
A few matters on the subject of tenancy deposit protection which I have been meaning to comment on for a while. The August issue of Legal Ac...
Comments
Post a comment on: Guernsey: New Companies Legislation