New Companies Act in Gibraltar

A Command Paper for a Bill on a New Companies Act has been published in Gibraltar.

The Command paper is a final consultation step towards a new, consolidated and revised Companies Act, which the Government has a manifesto commitment to deliver.The Government stated the current Act required updating and modernising to be internationally relevant.

The Government states the review involved consideration of proposals put forward by the Company Law Reform Committee, set up by the Finance Centre Council, which had also consulted with other professional bodies.

Europa Trust Company is proud to be at the cold face of this new act. Europa Trust Company was on the initial ATCOM sub-committee that planted the seed for this act to be reviewed.