Choosing the right structure for your business in Bermuda
Anyone seeking to set up a business in Bermuda has a variety of options, depending on the nature of the business activities planned and whether they wish to conduct business in the local market.
Listing high yield bonds on The International Stock Exchange (TISE)
Find out why TISE is the stock exchange of choice for High Yield Bonds
Data Protection Law now in force in Seychelles
In a significant move to safeguard the privacy and security of its citizens' personal information, Seychelles introduced the new Data Protection Act, 2023 (DPA) in December 2023, which is now in force. The DPA repeals the Data Protection Act 2003 which was enacted but never implemented in practice.
PIPA Compliance is Not Just a Domestic Affair
As organizations in Bermuda prepare for the full application of the Personal Information Protection Act, 2016 on 1 January 2025 ( PIPA ), they need to keep in mind that PIPA protects the privacy rights of all individuals, regardless of the location of those individuals.
Trading Standards: Application to your business
The Trading Standards (Fair Trading) (Guernsey) Ordinance, 2023 (Ordinance) came into force last October and created a new statutory framework for consumer protection and fair trading in Guernsey.
Guernsey retains its EU adequacy – as expected
The post-Brexit regulatory landscape continues to throw up challenges and jurisdictional arbitrage, but there are some areas where consistency and stability are welcome. The recent confirmation from the European Commission that 11 jurisdictions had retained their “adequacy” status from a data protection perspective has left many breathing a (long anticipated) sigh of relief. All three of the Crown Dependencies (Guernsey, Jersey and the Isle of Man) have retained the coveted status.
Parental Bereavement Leave: Jersey to implement further family leave rights
The UK introduced “Jack’s law” in 2020. Jersey is now following the UK’s example, and as of 18 March 2024, a draft amendment to its Employment Law 2003 will come into force introducing a right to parental bereavement leave on the island.
Privacy Rights Extend Outside Bermuda
As Bermuda prepares for the full application of the Personal Information Protection Act 2016 on January 1, 2025, organisations that use personal information in Bermuda must keep in mind that PIPA protects the privacy rights of all individuals whose personal information is being used, regardless of their geographic location.
When is a company insolvent – to appoint or not to appoint a liquidator in the BVI?
China Minsheng Banking Corp., Ltd., Hong Kong Branch V Tai Feng Investments Limited.
Grand Court Rejects Attempted Defence of Creditor’s Winding Up Petition Based on Alleged Cross-Claim
In its recent judgment in In re Global-IP Cayman, the Grand Court has recently provided helpful guidance on the circumstances in which a petition may be resisted on the basis of an alleged cross-claim by the company against the petitioning creditor.
