TRANSITIONAL ARRANGEMENTS : MEMORANDUM OF INCORPORATION AND SHAREHOLDERS AGREEMENTS

The two year transitional period granted under the new Companies Act, 2008 (“New Act”) is due to expire at the end of April 2013. Companies that existed prior to 1 May 2011 (the “effective date”), and which have not yet undertaken a review of their constitutional documents and shareholders agreements to ascertain the impact of the New Act, should do so without delay.