Will the amendments to the BVI Business Companies Act assist litigants?
The BVI Business Companies (Amendment) Act, 2022 and the BVI Business Companies (Amendment) Regulations, 2022, gazetted by the BVI Government on 12 August 2022, came into force on 1 January 2023.
Starting a captive in Bermuda? What you need to know.
Bermuda has seen a steady increase in new captives being formed as well as new structures, risks and geographies being covered. Matthew Carr of Appleby examines the most common questions the law firm receives relating to the Island.
Chambers Insurance & Reinsurance Guide 2023: Bermuda
This guide provides the latest information on sources of insurance and reinsurance law, overseas-based insurers or reinsurers, making an insurance contract, intermediary involvement, alternative risk transfer (ART) transactions, warranties, conditions precedent, insurance disputes and insurtech.
Sponsored Dependants; How and Where Can They Work?
If a person arrives on the island under a work permit with their spouse or partner who is a sponsored dependant, can the sponsored dependant seek employment in Bermuda? Can they continue to work for an employer incorporated outside of Bermuda? Can they work for themselves? This article explores these frequently asked questions regarding sponsored dependants and their right to work.
Applications expected under the Investment Business Act
Persons who must comply with the requirements of the amended Investment Business Act 2003 should consider progressing their application and related supporting materials sooner rather than later.
The Edinburgh Reforms: An Offshore Perspective
On 9 December 2022, the UK Chancellor of the Exchequer announced a package of reforms to the UK financial services sector, known as the “Edinburgh Reforms”.
Artemis Q4 2022 Catastrophe Bond and ILS Market Report
Fresh capital will enter the insurance linked securities (ILS) market, but while catastrophe bond deals successfully closed for year-end, others failed to complete, suggesting there’s no rush to enter the space, according to Brad Adderley, Bermuda Managing Partner.
Non-Fungible Tokens: Guidance notes issued in Mauritius
The Financial Services Commission (FSC) continues to propel its Fintech sector with a view to strengthen its regulatory framework to enable safe and secure virtual asset transaction and in this pursuit, the FSC took a further step by clarifying its regulatory stance with respect to Non-Fungible Tokens (NFTs).
Bermuda Insolvency and Restructuring Law Update
Bermuda’s insolvency and restructuring landscape is distinct in a number of ways. In this article, we discuss three of those areas with recent developments:
Insurers need well drafted commercial contracts to use artificial intelligence
It is impossible to overestimate the dependence of Bermuda’s successful insurance sector on information technology. The more advanced and intelligent that technology is, the better that sector will be managed and operated, in all respects.