The most significant changes to the Companies (Jersey) Law 1991 for some time came into force on 1 August 2014.
Following a lengthy period of consultation the amendments are to be welcomed as they help strengthen the competitiveness, flexibility and standing of Jersey companies on the international stage.
You can read a summary of the key changes to, among others, the special and written resolution regime, reducing the share capital without court sanction, ratifying breaches of director duties and ratifying unlawful dividends in this factsheet: The Companies (Amendment No 11) (Jersey) Law 2014.
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.
