Protected Cell Companies were introduced in Guernsey in 1997, and other offshore jurisdictions have followed this path. It has proved to be an attractive vehicle for "umbrella fund" investment schemes and for insurance fund investment. It is now the fastest-growing vehicle for the captive insurance industry.
This guide to PCCs is designed to help accountants, finance directors and commercial lawyers understand how they work, and what practical use they can be to the client.
This book reviews the main jurisdictions in which PCCs are permissible, takes the reader through the processes involved in setting up a PCC (what the client needs to know and what the professional adviser needs to do) and then looks at the uses for insurance and investment in detail, looks at other uses, and examines the consequences of group or cell insolvency.
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