A copy of the Companies (Amendment) Bill, 2016, has been published in the Cayman Islands Gazette: see here (pdf). The purpose of the Bill is to amend the Companies Law (2013 Revision) in order to abolish the issue and use of bearer shares in the Islands (a British overseas territory). Bearer shares were prohibited in the UK last year: see here.
Tuesday 10 May 2016
Cayman Islands: the abolition of bearer shares
A copy of the Companies (Amendment) Bill, 2016, has been published in the Cayman Islands Gazette: see here (pdf). The purpose of the Bill is to amend the Companies Law (2013 Revision) in order to abolish the issue and use of bearer shares in the Islands (a British overseas territory). Bearer shares were prohibited in the UK last year: see here.
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