Regulatory Alerts2022-11-26
Belize Companies (Demerger) Regulations, 2022
The Financial Services Commission of Belize issued these regulations to establish the legal framework for the demerger of relevant Belize companies under the Belize Companies Act. The rules mandate specific procedural requirements including the execution of a demerger instrument, director resolutions with solvency statements, and special resolutions by members to approve the transaction. Additionally, the regulations impose obligations to notify creditors, obtain tax clearance, and provide court remedies for members or creditors who object to the demerger on grounds of unfair prejudice.
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