Appleby Bermuda Contributes to Private Trust Companies Handbook Second Edition

Bermuda Prohibits Bearer Shares and Nominee Directors

On 21 November 2025, Bermuda passed the Companies (Prohibition of Bearer Shares and Nominee Directors) Amendment Act 2025 (Act). The Act, which came into full force on 10 December 2025, amends both the Companies Act 1981 (Companies Act) and Limited Liability Company Act 2016 (Limited Liability Company Act) in respect of bearer shares, nominee directors, alternate directors and beneficial ownership record keeping for companies and limited liability companies (LLCs) discontinuing to another jurisdiction.

Richard Collis

Cat Bond Issuance Well-Placed to Reach $20bn Again In ‘26, Fueled by Momentum & Proven Success

Annual catastrophe bond issuance hit record heights for the third consecutive year in 2025, and as Brad Adderley, Managing Partner at law firm Appleby’s Bermuda office highlights, given the significant activity and momentum observed in the market, it would not be unexpected for the market to achieve $20 billion once more in 2026

Brad Adderley

Collateralised insurers benefit from flexible forms of capital

Bermuda’s well established corporate regulatory regime offers a variety of corporate vehicles that can be used to support insurance-linked securities.

Mya Gibbons

Do cryptocurrencies count as money?

When Satoshi Nakamoto first proposed bitcoin in 2008, he described it as a “peer-to-peer electronic cash system”.

John Wasty

Bermuda: Americas Restructuring Review 2026

This article discusses the defining features of Bermuda’s insolvency landscape and the primary insolvency and rescue procedures available under Bermuda law, including compulsory liquidations, provisional liquidations and schemes of arrangements.

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John Wasty, Sam Riihiluoma, Claire van Overdijk KC, John Riihiluoma, James Batten

Where there is a will, there is a claim

Imagine living with your partner for more than a decade, only to discover that under Bermuda law, you have no automatic right to their estate if they die without a will.

Matthew Hollis-Smith

Changes to beneficial ownership regime

One of the most notable innovations in the Beneficial Ownership Act 2025, which was passed last month in the House of Assembly, is the introduction of an enforcement process that allows companies to act against uncooperative beneficial owners.

Jarion Richardson, Brad Adderley, John Wasty

Changes to Department of Immigration’s Work Permit Policy Are Here

It has been over ten years since Bermuda’s Department of Immigration released a policy with respect to how it administers the Bermuda Immigration Act 1956 (Act), the legislation that requires all persons who engage in gainful occupation in Bermuda to obtain specific permission to work, unless they are Bermudian, a PRC holder or fall into another similar designated category.

Anna Markiewicz

Updates on Hong Kong’s Uncertificated Securities Market Regime from an offshore perspective

Hong Kong’s uncertificated securities market ("USM”) initiative is scheduled to take effect in 2026, subject to market readiness.

Judy Lee, Kelly Tang