Discipline Now Key as Pressures on Reinsurers Mount
The reinsurance market is in a strong position after two years of profits and covering its cost of capital. But it now must retain discipline and manage the cycle correctly as pressure mounts to put any excess capital to use – and new capital enters the market in a variety of ways.
Education and Acceptance Fuel Wave of New Sponsors in Cat Bond Market
With the catastrophe bond market seeing eleven new sponsors enter the space so far this year, the trend highlights how involvement in the market has become more acceptable, and how sponsors are increasingly comfortable with cat bonds overall, according to Brad Adderley, Partner at global law firm Appleby.
Built on Governance, Driven by Innovation: The Bermuda Advantage
Holding 85% of the cat bond market, Bermuda’s edge in alternative capital is no accident. “Reinsurance is global, but it doesn’t work without Bermuda.” For Brad Adderley, managing partner for Bermuda at law firm Appleby, there’s no ambiguity.
Dual Remedies Afforded against the Granting of Injunctions
Actis Consumer Grooming Products Ltd v Super-Max Mauritius [2025 SCJ 388]
A recent Judgment of the Grand Court of the Cayman Islands offers a valuable reminder to aggrieved shareholders and creditors seeking to investigate potential wrongdoing and fraud. Harriet Ter-Berg and Luke Burgess-Shannon of Appleby’s Dispute Resolution Practice Group assess the decision, particularly as it relates to the appointment of joint provisional liquidators, ex parte (without notice) applications and the implication of available alternative remedies.
Notaries in Guernsey provide a vital layer of legal assurance: verifying identity, authority, capacity, and the authenticity of documents to ensure their acceptance abroad. Across the world, notarial acts have long been recognised as evidence of due execution and reliability.
A Guide to Transferring Shares in a Local Company
The Cayman Islands has a well-established legal framework for companies carrying on local business. This article outlines the key practical steps for transferring shares in a so-called local company, focusing on legal requirements, licensing and ownership considerations, and share transfer tax applicable to land holding companies.
Acting Without Standing: Risks in Litigation
A recent judgment handed down by Mithani J in the Commercial Division of the High Court, in the Eastern Caribbean Supreme Court in ATH v UGX, THA & Ors provides useful guidance for legal practitioners and estate administrators on the rules regarding the administration of BVI estates and related questions of standing. The parties’ names are anonymised in the judgment to preserve their confidentiality.
The Mauritian National Budget 2025/2026 - From abyss to prosperity: Rebuilding the bridge to future
On 05 June 2025, Dr Navinchandra Ramgoolam GCSK, FRCP, Prime Minister of Mauritius, in his capacity as Minister of Finance (Minister of Finance) tabled the National Budget for the fiscal year 2025-2026 under the theme “From Abyss to Prosperity: Rebuilding the Bridge to the Future”.
Walking the Tightrope of Restrictive Covenants
Restrictive covenants in employment agreements can often be a tightrope for employers. Ideally, those restrictive covenants would be as broad as possible. However, in order to be enforceable, any restrictions must go no further than is reasonable for the protection of the employer’s business. This article explores the different types of restrictive covenants, the factors that are taken into consideration by courts in enforcing them and the importance of choosing the language of restrictive covenants carefully to minimize the chances of ending up in court.
