A new law is under consideration in
Jersey for the treatment of takeovers and mergers on the island.
The Companies (Takeovers and Mergers) Law 200- aims to give new duties to the existing panel for takeovers and mergers, reports tax-news.com.
It aims to ensure that dealings involving any
Jersey-based companies are carried out honestly and under European Union Directives.
The new law is designed to give the island the highest standard of recognition in dealing with the treatment of shareholders, getting access to proper information and the prevention of a board only acting in the interest of certain shareholders.
Philip Ozouf, the economic development minister, told the website: "The Panel's expertise in this area is second to none and plays a significant part in ensuring that
Jersey remains a business friendly environment while protecting the interests of all shareholders."
Residents of
Jersey have recently been urged to buy local produce to help the environment and also the economy of the island, reports the
Jersey Evening Post.
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