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Sedgwick Chudleigh
The Bribery Act 2016 received Royal Assent on 6 December 2016. When it comes into operation, it will introduce a number of new offences into Bermuda law, including the corporate offence of failure to prevent bribery. Bermuda insurers will need to introduce policies and procedures necessary to ensure compliance.
Sedgwick Chudleigh
In the not-so-distant past, offshore financial centres ("OFCs") were perceived as having a very light touch when it came to taking enforcement action against regulated entities and individuals.
Conyers Dill & Pearman
The Bermuda insurance and reinsurance sector enjoyed a vibrant 2016, despite markets globally remaining relatively flat.
BeesMont Law Limited
Assembly and the Senate and now awaits a final review by the Premier and the Attorney General before being sent to the Governor to receive Royal Assent on behalf of Her Majesty the Queen.
BeesMont Law Limited
The Personal Information Protection Act 2016 (Bill) was tabled in the Bermuda House of Assembly on 1 July 2016 and underwent its second reading in the House on 13 July 2016.
BeesMont Law Limited
A Supreme Court decision handed down on Monday is a stark reminder that employers should tread very carefully when promoting employees.
BeesMont Law Limited
The Employment Act 2000 (the Act) promotes the fair treatment of both employers and employees in Bermuda by establishing minimum employment standards and enforcing those standards through the Employment Tribunal (the Tribunal).
BeesMont Law Limited
Under the Incentives for Job Makers Act 2013, employers can apply to the Minister of Home Affairs to obtain the concession of having their senior executives, who are responsible for the continued presence of jobs for Bermudians in Bermuda, exempt from needing a work permit.
BeesMont Law Limited
In 2014, the Supreme Court of Bermuda handed down a decision which confirmed that the Bermuda Immigration and Protection Act 1956 (the Act) provides a basis for Permanent Resident Certificate (PRC) holders to apply for Bermudian Status (Status).
BeesMont Law Limited
Earlier this month, on 3 February 2017, the Government of Bermuda confirmed its resolve to appoint a Privacy Commissioner to ensure that guidance to organisations can be provided prior to the legislation being fully implemented.
MJM Limited
In a recent Supreme Court decision the Chief Justice has made an important ruling with potentially wide implications.
Appleby
The elimination of tax evasion is a laudable objective. Governments miss out on revenue if assets are moved to other jurisdictions to evade taxes, and the impact is greater in poorer countries.
Appleby
Bermuda - with its long history of not only providing first class financial and professional services but doing so within a 'gold standard' regulatory framework...
Sedgwick Chudleigh
When the ratings agency, Moody's, downgraded Bermuda in June 2016, it noted that the Bermudian economy had suffered a recession from 2009 to 2014, in the wake of the global financial crisis.
Appleby
The elimination of tax evasion is a laudable objective. Governments miss out on revenue if assets are moved to other jurisdictions to evade taxes, and the impact is greater in poorer countries.
Conyers Dill & Pearman
2016 was another dynamic year for Conyers' Bermuda corporate practice. We were fortunate to advise on the jurisdiction's most significant, and in many cases, headline-grabbing, transactions.
Conyers Dill & Pearman
This Q&A provides an overview of, among others, the markets and legal regimes, issues relating to the SPV and the securities issued, transferring the receivables, dealing with security and risk, cash flow, ratings, tax issues, variations to the securitisation structure and reform proposals.
Sedgwick Chudleigh
The Privy Council denies recovery of internal costs incurred in preparation for compliance with Bermuda Supreme Court disclosure orders.
Harneys
The island also boasts some of the best dive sites in the world, thanks in part to the record-number of shipwrecks that have succumbed to its rocky coastline.
Conyers Dill & Pearman
Bermuda remains a popular destination for the world's high net worth and ultra high net worth individuals, families and institutions to domicile their wealth.
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Sedgwick Chudleigh
When the ratings agency, Moody's, downgraded Bermuda in June 2016, it noted that the Bermudian economy had suffered a recession from 2009 to 2014, in the wake of the global financial crisis.
Appleby
It is a fundamental principle of Bermuda company law that the share capital of a company should be maintained.
Appleby
The elimination of tax evasion is a laudable objective. Governments miss out on revenue if assets are moved to other jurisdictions to evade taxes, and the impact is greater in poorer countries.
Conyers Dill & Pearman
This Q&A provides an overview of, among others, the markets and legal regimes, issues relating to the SPV and the securities issued, transferring the receivables, dealing with security and risk, cash flow, ratings, tax issues, variations to the securitisation structure and reform proposals.
Conyers Dill & Pearman
2016 was another dynamic year for Conyers' Bermuda corporate practice. We were fortunate to advise on the jurisdiction's most significant, and in many cases, headline-grabbing, transactions.
Appleby
The elimination of tax evasion is a laudable objective. Governments miss out on revenue if assets are moved to other jurisdictions to evade taxes, and the impact is greater in poorer countries.
Appleby
Bermuda - with its long history of not only providing first class financial and professional services but doing so within a 'gold standard' regulatory framework...
Sedgwick Chudleigh
Mediation is now universally recognised to be an effective way of resolving a wide range of domestic and international disputes, on a consensual basis, without the need for the parties to go to a final Court or arbitration hearing.
Sedgwick Chudleigh
The Privy Council denies recovery of internal costs incurred in preparation for compliance with Bermuda Supreme Court disclosure orders.
BeesMont Law Limited
2016 was a rather exciting year for Bermuda from the legislative and regulatory perspective not only for the quantity and quality of developments in this arena...
MJM Limited
A Bill to protect the personal information of Bermuda residents – the Personal Information Protection Act (PIPA) – has been passed in the House of Assembly.
Appleby
When a person who owns shares in a Bermuda company dies, the person's shares must be transferred into the name of his or her beneficiary. This is true whether the shares are in a local company, or in an exempted company.
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