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A virtual industry consultation meeting on amendments to the Limited Liability Companies (Jersey) Law 2018 (the “LLC Law”) will be held on 24 November at 12.30 . The amendments will allow a limited liability company (LLC) to elect to be a body corporate. In addition, since the coming into force of the Limited Liability Companies (Winding Up and Dissolution) Regulations 2022 (“LLC WU Regulations”), there have been subsequent amendments to the Companies (Jersey) Law 1991 permitting a creditor with debt of £3000 or more to apply to the court for a company to be wound up and a liquidator appointed. It is now proposed that the LLC WU Regulations be amended to provide similar relief for creditors of an LLC. The consultation paper and draft Amendment Regulations are available here.

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