Digital transformation done right (Bermuda)
As any specialised tech lawyer or technology consultant will tell you, digital transformation projects are not for the faint of heart.
This overview is a basic summary of employment law in Guernsey.
Although it is well-understood that fiduciaries are subject to the no profit rule, its proper ambit has long been a source of uncertainty and debate: is the fiduciary precluded only from making unauthorised profits from the same business or activity that its principal has entrusted it to pursue, or does the restriction go somewhat further? The UK Supreme Court recently answered that question in Rukhadze v Recovery Partners, providing welcome clarity on the default position under the rule and illuminating the ways in which liability for honest breaches might potentially be avoided.
Cayman Islands Regulatory Round Up - Spring 2025
The round-up provides a concise yet thorough summary of regulatory developments relevant to financial service providers (FSPs) and other stakeholders in the Cayman Islands. It highlights key legislative changes, publications by the Cayman Islands Monetary Authority (CIMA), updates on financial sanctions, and anticipates upcoming changes through "horizon scanning”. Links to the underlying CIMA publications, as well as related Appleby published briefings and e-alerts are available throughout this document. The information provided is “as of” 28 May 2025.
2025 Global Financial Crisis Stress Test: Bermuda
The Bermuda Monetary Authority (BMA) has recently published instructions for a significant data collection exercise: the 2025 Global Financial Crisis (GFC) Stress Test. This initiative requires Bermuda-regulated commercial long-term (Class C, D, and E insurers) to assess their sensitivity and resilience to a severe economic crisis alike the 2008 GFC. Submissions are required by mid-June 2025.
Corporate real estate acquisition in Bermuda
Corporate real estate acquisitions in Bermuda are a matter of careful balance. That is because, at just 21 square miles, land in Bermuda is a finite and closely managed resource.
Long-term reinsurance and ILS are set for growth
After a record-breaking 2024, Bermuda’s life reinsurance sector is likely to expand further this year, according to Brad Adderley. Adderley, who is managing partner of Appleby in Bermuda and runs its insurance practice, said in an interview at the Bermuda Risk Summit last month that, based on the new large reinsurers his firm was incorporating so far this year, there was a strong likelihood that Bermuda would match the 10 that were formed in 2024.
Multiple Pre-empted Listings Facility on The International Stock Exchange (TISE)
Find out more about the use of the Multiple Pre-empted Listings Facility.
Bermuda: The vital role of the principal representative
Bermuda's regulatory framework requires every insurance company registered under the Insurance Act 1978, including those without a physical presence on the island, to appoint a principal representative approved by the Bermuda Monetary Authority.
Guide to International Fraud & Asset Tracing in the Cayman Islands 2025
This country-specific guide to international fraud and asset tracing in the Cayman Islands focuses on thelatest legal information on fraud claims, disclosure of assets, shareholders’ claims against fraudulent directors, overseas parties in fraud claims, rules for claiming punitive or exemplary damages and laws to protect banking secrecy.
Technology and Innovation Guide – Cayman Islands
As the pace of technological change accelerates, so too does the legal and regulatory landscape. The Appleby 2025 Offshore Technology and Innovation Guide provides a unique and detailed overview of the legal and regulatory position in the Cayman Islands.
In its recent judgment in CC/Devas (Mauritius) Ltd v Republic of India, the High Court of England and Wales has held that ratification by a State of the New York Convention does not in itself amount to a waiver of immunity by that State in arbitral enforcement proceedings under English (and by extension Cayman) statute, addressing a key question that had been raised – but left unanswered – by previous authorities. This decision is of interest in relation to arbitral enforcement against States in the Cayman Islands.