Fraud Prevention: The Royal Court’s New Power
The Companies (Guernsey) Law 2008 defines a “member” of a company as one whose name appears in the company’s register of members.
But what if the name of a member was entered (or removed) as a result of fraud or unlawful conduct and a party relied upon such to control the company for their own benefit? That issue was recently examined by the Royal Court, which had to employ a new weapon to combat this fraudulent conduct.
This note is for information purposes only and is not intended to be legal advice.Read full insight