It was announced on 20 November 2007 that the Minister for Economic Development has proposed a few key changes to the Companies Law, including: -   a company is allowed to hold treasury shares; -   a regulated financial services business is allowed to act as a corporate director of a Jersey company; -   the complicated, time consuming and often expensive procedures when certain types of companies wish to reduce capital or distribute money to its shareholders are removed; and -   the rule prohibiting a company from giving financial assistance for the purchase of its own shares is...