Private Wealth and Private Client: Bermuda
In-Depth: Private Wealth and Private Client (formerly The Private Wealth & Private Client Review) provides an incisive global overview of the key legal and practical issues affecting the management of private client wealth. With a focus on recent developments, it examines the most consequential features of the regimes governing tax, succession and wealth structuring across major jurisdictions worldwide.
Augmented Advocacy Series (Bermuda): The Practice of Law in the Age of AI
As the world enters the age of artificial intelligence, the legal profession is once again faced with balancing two crucial elements of the administration of justice: efficiency v effectiveness.
Registration of foreign lasting or enduring powers of attorney in Guernsey
What does a Guernsey Service Provider need to do before they can rely on a foreign lasting or enduring power of attorney in relation to their non-Guernsey based client’s instructions?
The Hon, Justice Parker delivered an informative judgment, providing helpful guidance in the areas of: (i) full and frank disclosure; (ii) service out of the jurisdiction and forum conveniens; (iii) substituted service; and (iv) abuse of process.
It is very common for shareholders of a company to seek information on the affairs of the company. Additionally, unsecured creditors of a company often lack information about the company as well as its financial status, hindering their ability to assess available assets, existence of other creditors and in turn the feasibility of commencing proceedings. This article aims to provide an overview on access to Company information for shareholders and creditors of a Cayman incorporated company.
Exempted limited partnerships in the Cayman Islands
This overview is a summary of the law and procedures relating to the registration and operation of a Cayman Islands exempted limited partnership. Perhaps most popular for their use as alternative investment funds and private equity vehicles, the Cayman exempted limited partnership has a place in many kinds of businesses and offshore structures.
How to Comply with Cayman's New Corporate Governance Rules
Here are some common compliance questions that arise for Mutual or Private Funds in the Cayman Islands following the Cayman Islands Monetary Authority’s (CIMA) issuing of rules on corporate governance and internal controls (Rules) applicable to all its regulated entities. The Rules, which apply to both hedge funds and private equity funds registered with CIMA, have been effective since October 2023.
Legalisation and Apostilles: What is the difference between legalisation and an apostille?
Both legalisation, consular legalisation and getting an apostille involve similar processes.
Mental health and estate planning
The demographic shift towards an ageing population in Bermuda raises important matters that should be considered, including any legal problems encountered in the wake of an ageing trend, and what steps can be taken in anticipation of getting older.
Navigating the hard market for a new era
Discipline must remain amid worries over casualty if investors are to believe in the industry long term. That was one of the takeways from 12 senior executives from the Bermuda market who met at a roundtable in Monte Carlo sponsored by Aspen Insurance Group.
Are You Ready to File Your CRS Compliance Form?
Cayman Islands entities classified as reporting financial institutions (Reporting FIs) under the Common Reporting Standard (CRS) framework are required to file their CRS compliance form by 16 September 2024 using the Cayman Islands Department for International Tax Cooperation (DITC) online portal.
