Protected Cell Companies: A Guide to Their Implementation and Use

This second edition of Protected Cell Companies is a valuable resource for practitioners and academics. The UK's Protected Cell Companies (PCC) Act was first introduced in Guernsey in 1997 and other jurisdictions have followed this path. The book provides comprehensive guidance on such complex issues as insolvency, veil-piercing, tax, and accounting. As lawyers and business people have come to understand the PCC, its uses have spread from its origins in captive insurance companies to providing a bankruptcy remote vehicle for special purpose vehicles, credit derivatives, and open-end investment companies. The book shows that PCCs are now widely used by insurers, insurance brokers, banks, investment and fund managers, and international tax planning advisers. It also describes the use of PCCs and related devices, not only in their originating jurisdictions, but in the EU, the US, and around the world. This second edition contains substantial additions along with the same practical emphasis of the original book.