Contracts to Manage AI Risk: Part Two (Bermuda)
In part one of this two-part series about artificial intelligence contracts, I discussed the ways that contracts can mitigate, if not avoid, many of the risks associated with the development and use of transformative technology like AI.
Contracts to Manage AI Risk (Bermuda)
This is the first of a two-part article on how artificial intelligence contracts can be used to manage the development and use risks associated with such transformative technology.
Captives are the grass roots of Bermuda risk
Bermuda has seen tremendous growth in the life reinsurance and insurance-linked securities markets in recent years.
Bermuda: Restructuring & Insolvency
This country-specific Q&A provides an overview of Restructuring & Insolvency laws and regulations applicable in Bermuda.
Jersey to increase compensation in employment cases
The States of Jersey have voted to overhaul the current compensatory regime for employment cases and strengthen employees’ rights in Jersey.
Insolvency law: secured creditors take note (Bermuda)
The recent judgment delivered by the Supreme Court of Bermuda in the matter of Harold J. Darrell highlights the possible implications for secured creditors who fail to accurately disclose their security interests in insolvency proceedings.
Bermuda: Education has helped investors get more comfortable as ILS continues to grow
It’s been an exceptionally busy and record first half of the year for the catastrophe bond sector, with a number of first-time sponsors entering the market. This momentum, according to Brad Adderley, Bermuda Managing Partner at Appleby, reflects how education has “helped” investors get more comfortable, ultimately enabling the insurance-linked securities (ILS) sector to continue its growth trajectory.
Crypto Funds in the Cayman Islands
As one of the leading offshore financial centres, home to approximately 70% of the world’s offshore investment funds and with an absence of any direct taxation on companies or individuals, the Cayman Islands has become an attractive destination for technology entrepreneurs. The introduction of framework legislation regulating virtual asset service providers (the VASP Act) in 2020 attracted a number of new entrants to the Cayman market.
In the recent decision in PI 1 & PI 2 v MR [2025] HKCFI 1110 (PI 1 & PI 2), the High Court of Hong Kong confirmed that certain factual and legal disputes are arbitrable, even where their determination may serve as a precursor to the winding up of a Cayman Islands company on just and equitable grounds. Notably, the High Court of Hong Kong has, for the first time, expressly adopted the reasoning of the Judicial Committee of the Privy Council (the JCPC) in FamilyMart China Holdings Co Ltd v Ting Chuan (Cayman Islands) Holding Corp [2023] UKPC 33; [2024] Bus LR 190 (FamilyMart).
Navigating CIMA Audit Requirements for a Cayman Regulated Fund
To maintain good standing with the Cayman Islands Monetary Authority (CIMA), a Cayman regulated mutual fund or a registered private fund must meet specific audit filing obligations. These requirements are critical for funds seeking to remain compliant or deregister. This article outlines a complete set of audit filing scenarios for Cayman regulated funds as well as its statutory audit filing requirements, including audit waivers, audit filing extensions, and audit period extensions. This article is to address some of the key issues facing fund operators in the operation, management and orderly winding up of the Cayman regulated funds when it comes to audit filings.
