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Walkers
An exempted company limited by shares (a "Company") is the most commonly used type of Bermuda legal entity for international transactions.
Sedgwick Chudleigh
In the light of concerns raised in industry feedback, the Bermuda Monetary Authority (BMA) has decided to postpone the introduction of various adjustments to the Bermuda Solvency Capital Requirement (BSCR) standard formula that were proposed in its November 2016 Consultation Paper.
Sedgwick Chudleigh
A number of jurisdictions provide for the statutory protection of direct policyholders in a winding-up of an insurer.
Walkers
Upon recommendation of the Organization for Economic Co-Operation and Development, Bermuda recently enacted the Registrar of Companies (Compliance Measures) Act 2017 which came into force on 24 March 2017.
Walkers
At present, Bermuda registered entities are required to maintain certain books and records, including minutes and records of account, in Bermuda.
Sedgwick Chudleigh
The Centre for Justice, a Bermuda-based human rights advocacy group represented by Sedgwick Chudleigh Ltd., has successfully intervened in a case before the Bermuda Court of Appeal between the Corporation of Hamilton and the Government of Bermuda
Sedgwick Chudleigh
It is now less than 50 days to the start of the 35th America's Cup in Bermuda, with Oracle Team USA defending its title against one of five challenger teams, Artemis Racing, Emirates Team New Zealand, Groupama Team France, Land Rover BAR and SoftBank Team Japan.
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, insurance managers and insurance agents and brokers 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
Welcome to our review of the deal activity across our region in 2016 in which we measure the impact of a turbulent political year globally on mergers and acquisitions offshore.
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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.
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, insurance managers and insurance agents and brokers will need to introduce policies and procedures necessary to ensure compliance.
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.
Conyers Dill & Pearman
The Bermuda insurance and reinsurance sector enjoyed a vibrant 2016, despite markets globally remaining relatively flat.
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.
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.
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).
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.
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
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
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).
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