This memorandum has been prepared for the assistance of our clients in connection with the provisions in the Companies (Guernsey) Law, 2008 (as amended) (the "Companies Law") which may be displaced by contrary provisions in a company's memorandum or articles of incorporation. It is intended to provide only a summary of the main legal and general principles and it is not intended to be comprehensive in scope. It is strongly recommended that you seek specific legal advice on such matters and we would be pleased to assist in this respect. A series of briefings on other specific aspects of Guernsey companies has been produced by Ogier and is available on our website Transitional provisions have also been made (a separate briefing addresses the operation of these). This memorandum has been prepared on the basis of the law and practice in Guernsey as at 10 September 2008.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.