To print this article, all you need is to be registered or login on Mondaq.com.
There is no legal limit on the borrowing powers of a Guernsey company, but its Memorandum and Articles may provide a restriction or require the consent of the members.
The consent of the Financial Services Commission is required for the borrowing of sums of £500,000 or more unless they are unsecured and repayable on demand or within a six month period or unless they are borrowed from a bank in the ordinary course of its business.
Security may be provided by the creation of a charge on real property which is situated in the Island. Any such charge must be registered at the Greffe. It is not possible to create a floating charge but a measure of security on specific items of personalty may be given.
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.
ESG – Environmental, Social, and Governance – a term well known to most people in the investment arena these days, goes back to the year 2004 when a report entitled "Who Cares Wins" first made reference...
Our specialists are discussing key updates that we should expect in the ESG area for the asset managers in 2024. The consultation on the sustainable finance disclosure regulation (SFDR)...
While glitter may be perfect for festive make-up and adds a bit of shine to our lives, these sparkles are extremely harmful to the environment. Regulations governing cosmetics in the European Union...
On 22 March 2024 the Luxembourg regulator (the CSSF) released its supervisory priorities in the area of sustainable finance, which are bringing a few insights on the Luxembourg's regulator's priorities in this area.