Bermuda: a restructuring destination
Bermuda has an outsized, first-class insurance and financial sector, attracting complex, multinational organisations from across the world. Those organisations expect first-class service from their professional advisors in all arenas. One such arena is the provision of services relating to restructuring.
Insurtech ILS and the New Normal
As Bermuda and the global markets with which the Island transacts move towards the so-called ‘new normal’, it is timely to evaluate how developments in technology have already impacted and present opportunities to further enhance its position as a leader in the spheres of (re)insurance and insurtech. This evaluation is not limited to traditional (re)insurance but also broadens out to include the ILS market in which Bermuda is already an established leader.
Digital Assets in a Crypto Winter
In 2013, IT engineer James Howells was cleaning out his house. He had two identical hard drives: one he put in a safe place, the other he threw away.
Bloomberg Tax Country Guide: Bermuda
Bloomberg Tax Country Guides provide overviews of the tax regimes of more than 200 jurisdictions. The Country Guides are continuously updated to reflect developments as they happen.
Proposals to amend the Powers of Attorney (Jersey) Law 1995
Following the recent update from our Guernsey colleagues on the introduction of lasting or enduring powers of attorney, the Jersey Government has recently launched a consultation regarding proposals to amend the Powers of Attorney (Jersey) Law 1995 (PoA Law).
‘’With the people, for the people’’ – the Mauritian National Budget 2022-2023
On 07 June 2022, the Minister of Finance, Economic Planning and Development (Minister of Finance) tabled the National Budget for the fiscal year 2022-2023 under the theme “With the People, for the People”. The Minister of Finance declared that the avowed ambition of the National Budget is the strengthening our economic growth and guarding ourselves against future “shocks”.
Bermuda’s long-term re/insurance landscape
Bermuda’s long-term re/insurance market has grown considerably in recent years. The island now has 144 registered long-term re/insurers and the sector’s assets have increased by 200 per cent over the last five years according to the Bermuda Monetary Authority’s 2020 annual report.
Trustee Knowledge Series: Masters Paper Two: Family Governance
Part of a series of Trustee Knowledge Papers, set out to be a useful reference guide for all levels of Trust company administration; from junior administrator to director. This is the second publication of the Masters Series.
New Regulations and Requirements for Local Charities
The Charities etc. (Guernsey and Alderney) Ordinance, 2021 (Ordinance) and the raft of regulations that fall under it and which came in to force at the end of April repeals and replaces the previous legal framework in place for the oversight of charities and other non profit organisations (NPO) under the Charities and Non Profit Organisations (Registration) (Guernsey) Law, 2008 (2008 Law).
Provisional Liquidation In Bermuda
Provisional liquidation in Bermuda is a distinctive, flexible regime that operates to support companies in financial distress or in support of a restructuring.