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Jan 24, 2025 | 
mondaq.com | Craig Cordle |Kevin McQuillan |Patrick Ormond
The UK Takeover Code will be updated from 3 February 2025Companies with registered offices in the Channel Islands remainin-scopeFrom 3 February 2027, the UK Takeover Code will only apply tocompanies that are UK quoted or were UK quoted within the precedingtwo yearsWith 2025 now upon us, we've turned our minds to changes tothe United Kingdom's City Code on Takeovers and Mergers (the"Takeover Code") recently confirmed bythe United Kingdom Takeover Panel (the"Panel").
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Jan 22, 2025 | 
mondaq.com | Matt Sanders |Craig Cordle |Jessica Robinson |Charlotte Goncalves
W Walkers More Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
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Jan 17, 2025 | 
jdsupra.com | Craig Cordle |Kevin McQuillan |Patrick Ormond
key takeaways The UK Takeover Code will be updated from 3 February 2025 Companies with registered offices in the Channel Islands remain in-scope From 3 February 2027, the UK Takeover Code will only apply to companies that are UK quoted or were UK quoted within the preceding two years With 2025 now upon us, we've turned our minds to changes to the United Kingdom's City Code on Takeovers and Mergers (the "Takeover Code") recently confirmed by the United Kingdom Takeover Panel (the "Panel"). The...
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Jan 9, 2025 | 
mondaq.com | Matt Sanders |Craig Cordle |Jessica Robinson |Charlotte Goncalves
KEY TAKEAWAYSGuernsey's latest fund regulatory regime is the privateinvestment fund (PIF) regimeThe PIF Rules provide appropriate funds with a fast-tracked,proportionate and "light touch" regulatory regimeThis guide discusses the three PIF "routes" toobtaining regulatory approval, and their differing featuresThe Private Investment Fund Rules ("PIF") regime wasupdated by the Guernsey Financial Services Commission("GFSC") in 2021 to expand the available PIF productoptions.
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Jan 9, 2025 | 
mondaq.com | Matt Sanders |Craig Cordle |Jessica Robinson |Charlotte Goncalves
KEY TAKEAWAYS Guernsey has long been one of the world's premier jurisdictions for investment funds There are a number of advantages for using Guernsey as a jurisdiction, including the wide variety of company and limited partnership structures available This guide explains the features of Guernsey fund structures, the processes for obtaining regulatory approval, and the effect of European Union directives on the marketing of Guernsey funds into Europe Guernsey has long been one of the world's...
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Jan 8, 2025 | 
jdsupra.com | Adam Cole |Craig Cordle
KEY TAKEAWAYS Schemes of arrangement are a vastly flexible mechanism to implement take private transactions and other restructuring in respect of Guernsey companies. Schemes are, in effect, a legally enforceable arrangement or compromise between the company and some or all of its creditors and/or some or all of its members, sanctioned by the Royal Court of Guernsey.
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Jan 7, 2025 | 
jdsupra.com | Craig Cordle |Charlotte Goncalves |Jessica Robinson
KEY TAKEAWAYS Guernsey's latest fund regulatory regime is the private investment fund (PIF) regime The PIF Rules provide appropriate funds with a fast-tracked, proportionate and "light touch" regulatory regime This guide discusses the three PIF "routes" to obtaining regulatory approval, and their differing featuresThe Private Investment Fund Rules ("PIF") regime was updated by the Guernsey Financial Services Commission ("GFSC") in 2021 to expand the available PIF product options.
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Jan 7, 2025 | 
jdsupra.com | Craig Cordle |Charlotte Goncalves |Jessica Robinson
KEY TAKEAWAYS Guernsey's flexible corporate regime allows all types of Guernsey companies to amalgamate (including non-cellular companies, protected cell companies and incorporated cell companies) Amalgamations can also be carried out with overseas companies, provided this is permitted by the laws of the overseas territory This guide sets out the requirements to effect an amalgamation The Companies (Guernsey) Law, 2008, as amended (the "Law") provides a modern, simple and flexible...
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Jan 7, 2025 | 
jdsupra.com | Craig Cordle |Charlotte Goncalves |Jessica Robinson
QIF / Registered fund procedureOnce the local administrator has provided the necessary declarations to the GFSC, approval will be forthcoming within three working days of receipt of all the necessary documentation and the resolution of any issues raised by the GFSC. Funds which are approved as QIFs must have in place measures to ensure that they are only available to investors who fall within the above definitions.
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Dec 5, 2024 | 
jdsupra.com | Craig Cordle |Jonathan M. Heaney |Chris Hutley-Hurst
KEY TAKEAWAYS Guernsey and Jersey companies are a popular choice for listing on UK and US stock exchanges Advantages of Guernsey and Jersey companies for international listings The impact of the Takeover Code and UK Corporate Governance Code There is a growing trend for large UK-based companies to consider exploring listings on US stock exchanges such as the New York Stock Exchange (NYSE) and NASDAQ, potentially at the expense of the London Stock Exchange plc (LSE) – and other companies are...
