The Last Rites for the Siskina?
On 4 October 2021, the Judicial Committee of the Privy Council delivered its much anticipated decision in Broad Idea International Limited v. Convoy Collateral [2021] UKPC 24 (Convoy Collateral). Dissenting as to the reasoning but not the outcome, Sir Geoffrey Vos (with whom Lords Reed and Hodge agreed) described the decision of the majority as being “groundbreaking”.
Navigating the Jersey M&A landscape (2 of 3)
This is the second of a series of three articles, each dealing with topics to be considered when buying, selling and/or restructuring businesses that have premises and/or people in Jersey to help clients and intermediaries navigate the M&A landscape from a Jersey perspective.
Labour disputes and certification/decertification process
There has been much discussion in the news recently about labour disputes between different unionised employee groups and the Government of Bermuda. This article discusses the law around those disputes, generally, and specifically considers the process by which employees become unionised (known as the ‘certification’ process) and the process by which unionised employees de-unionise (known as ‘decertification’).
Bermuda:Re+ILS speaks to Brad Adderley, partner at Appleby, about how Bermuda will maintain its position as a jurisdiction of choice for re/insurance in a post-COVID-19 world.
In line with the National Budget 2021-2022 and the ambition of the Mauritian Government to establish Mauritius as a hub for emerging technologies, the FSC issued the Financial Services (Crowdfunding) Rules 2021 on 10 September 2021 (Crowdfunding Rules). The operative date the Crowdfunding Rules is 04 September 2021.
Trustees are under a statutory duty to keep accurate records of their trusteeship, but what does that mean in practice when recording trustees’ decisions? We are often asked to prepare minutes for trustees when they are faced with a set of complex circumstances and more often than not a key component of trustees’ minutes is missing or contains little detail: what is the benefit to the beneficiaries?
Navigating the Jersey M&A landscape
This is the first of a series of three articles, each dealing with topics to be considered when buying, selling and/or restructuring businesses that have premises and/or people in Jersey to help clients and intermediaries navigate the M&A landscape from a Jersey perspective.
Loans & Secured Financing in the Cayman Islands 2021
A Q&A guide that provides a topical analysis of loans & secured financing in the Cayman Islands.
The relationship of trustees to beneficiaries is viewed as fiduciary, meaning there are certain equitable principles which prevent trustees from abusing their position; for example, they must always act in utmost good faith in the interests of the beneficiaries and are expected to act selflessly (e.g. they cannot make unauthorised personal gains) and with undivided loyalty (i.e. they should avoid conflicts of interest).
Changes to rules on Permanent Residency Certificates
The Ministry of Labour has recently issued a policy paper, ‘Securing Permanency for Long-Term Residents’, setting out various proposed changes to immigration law aimed at providing new routes to a Permanent Residency Certificate (“PRC”) for certain long-term residents (“LTRs”) and others. The Government has said this initiative supports its priority of achieving a simplified, fair, and modern framework for immigration in Bermuda, and follows changes to the rules on ‘Mixed-Status Families’ that came into force in September 2020. This article discusses how the proposals will impact the existing position under the Bermuda Immigration and Protection Act 1956 (“Act”).