Protected cell companies were established to assist the captive insurance industry. However, writes Darren Bacon, they have also proved popular for investment funds, and recent changes mean they can now be used for special purpose vehicles too
February 27, 2002 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Attributes of a PCC
Protected cell companies (PCC) were established in Guernsey pursuant to The Protected Cell Companies Ordinance 1997. In a PCC it is possible to create a series of cells within a single company and then segregate assets by allocating them to one or more cells. As a result, the assets of a PCC are comprised of cellular and non-cellular assets.
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