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On December 18, 2011, the Companies Amendment (No. 2) Act 2011 (the “Act”) received assent and became operative. The Act provides for significant amendments to the Companies Act 1981, the principal statute governing the formation and operation of Bermuda companies.
The Act is the result of the Bermuda Government’s open communication with the private sector which continues to encourage the promotion and maintenance of Bermuda as a leading international finance centre. This cooperative approach demonstrates the willingness and ability of Bermuda to adapt to the changing product needs of clients and corporations around the world.
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Major amendments to Bermuda Companies Act 1981