Bloomberg Tax Country Guide: Bermuda
Bloomberg Tax Country Guides provide overviews of the tax regimes of more than 200 jurisdictions. The Country Guides are continuously updated to reflect developments as they happen.
Proposals to amend the Powers of Attorney (Jersey) Law 1995
Following the recent update from our Guernsey colleagues on the introduction of lasting or enduring powers of attorney, the Jersey Government has recently launched a consultation regarding proposals to amend the Powers of Attorney (Jersey) Law 1995 (PoA Law).
‘’With the people, for the people’’ – the Mauritian National Budget 2022-2023
On 07 June 2022, the Minister of Finance, Economic Planning and Development (Minister of Finance) tabled the National Budget for the fiscal year 2022-2023 under the theme “With the People, for the People”. The Minister of Finance declared that the avowed ambition of the National Budget is the strengthening our economic growth and guarding ourselves against future “shocks”.
Bermuda’s long-term re/insurance landscape
Bermuda’s long-term re/insurance market has grown considerably in recent years. The island now has 144 registered long-term re/insurers and the sector’s assets have increased by 200 per cent over the last five years according to the Bermuda Monetary Authority’s 2020 annual report.
Trustee Knowledge Series: Masters Paper Two: Family Governance
Part of a series of Trustee Knowledge Papers, set out to be a useful reference guide for all levels of Trust company administration; from junior administrator to director. This is the second publication of the Masters Series.
New Regulations and Requirements for Local Charities
The Charities etc. (Guernsey and Alderney) Ordinance, 2021 (Ordinance) and the raft of regulations that fall under it and which came in to force at the end of April repeals and replaces the previous legal framework in place for the oversight of charities and other non profit organisations (NPO) under the Charities and Non Profit Organisations (Registration) (Guernsey) Law, 2008 (2008 Law).
Provisional Liquidation In Bermuda
Provisional liquidation in Bermuda is a distinctive, flexible regime that operates to support companies in financial distress or in support of a restructuring.
The good life: Bermuda’s new economic pillar
The life sector has moved swiftly from being a new ‘nice-to-have’ in the Bermuda marketplace, to the Island’s latest big success story, said a panel at the Bermuda Risk Summit.
The long-awaited Capacity (Lasting Powers of Attorney) (Bailiwick of Guernsey) Ordinance, 2022 (LPA Ordinance) has introduced the concept of lasting or enduring powers of attorney (LPA) to Guernsey.
Navigating the Jersey M&A landscape (3 of 3)
This is the third 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.
Restructuring of (Re) Insurers during Covid-19
Restructuring involves changing the financial, operational, legal or other structures of a business to make it more efficient and more profitable.
The Economic Crime (Transparency and Enforcement) Act 2022: a Jersey perspective
The new Economic Crime (Transparency and Enforcement) Act received Royal Assent on 15 March 2022 (the Act), following an expedited passage through Parliament. After repeated delays to the progression of the legislation amid much criticism, the bill has now been fast tracked through UK Parliament following the invasion of Ukraine by Russia and the focus of Russian money in the UK. The Act is aimed at strengthening the UK's fight against economic crime.
