Amendments to Jersey’s Companies Law Come into Force

A series of amendments to the Companies (Jersey) Law 1991 have come into play as of 1 June, bringing further flexibility and simplicity to Jersey’s corporate environment while continuing to reflect international standards.

As previously announced, the amendments were adopted by the Government of Jersey earlier this year and are designed to make it easier and more efficient for companies, investors and advisers to utilise Jersey as an international finance centre (IFC) of choice for high-quality corporate structuring.

The amendments now in force are the first substantive changes for more than ten years and are broad, spanning share capital, listings, corporate governance, mergers, distributions and winding up processes.

Joe Moynihan, CEO, Jersey Finance, commented:

“I’m pleased that these enhancements to our corporate environment, which represent several years of work, are now live. They provide a clear, modern, efficient and flexible environment for companies, investors and advisers, and further bolster our competitiveness as an IFC.”