A digital asset future: closer than we think
Most of us at some point in our lives have participated in a rewards programme either at our favourite coffee shop or restaurant.
First published in New Law Journal, July 2021. Appleby partners Anthony William and Jared Dann and Counsel Claire Corkish join partner & head of civil fraud and asset recovery at Pinsent Masons, Alan Sheeley and Emilie Jones to discuss the key role of third-party disclosure to tackle offshore fraud.
Trust Protectors and the Exercise of Trustee Powers
The recent judgment of the Staff of Government Division in the case of Mazzoleni v Summerhill Trust Company provides an extremely helpful update for Manx law as to the role of protectors of Manx trusts as well as guidance for trustees as to the categorisation and exercise of various of their powers.
This article provides an overview of ESG, the hot topic of 2020 that is carrying on full steam through the course of 2021 so far. While ESG investing has been gaining steady pace over the course of the last half decade, the use of ESG in financing arrangements has seen a recent proliferation.
What not to forget when an employee leaves
There are many practical and ‘housekeeping’ matters that employers need to deal with when an employee’s employment comes to an end, some of which are expressly required by law. In this article we look at some of those issues which can often be overlooked.
Contributed surplus: it’s not capital!
Last week, in part one, we discussed the meaning of share premium, the various ways a company may use share premium and its importance when determining the assessable capital of a company.
Share premium: do you have it?
When the issuance of shares by a company is discussed, the first thought that comes to mind is the share capital raised by the issuance of such shares.
No question you’ll see more life reinsurers in Bermuda
While the emergence of property and casualty (P&C) startups in Bermuda is likely to be muted in the months ahead, the influx of life reinsurers is expected to continue and will only strengthen the Bermuda marketplace, according to Brad Adderley, Partner at global law firm Appleby.
Saunders v Vautier where the beneficial class is not closed - the debate goes on...
The Saunders v Vautier rule is familiar territory for trust lawyers. In the modern world it is understood to mean that the beneficiaries of a trust, if all of full age and capacity, may together terminate the trust and require the trust property to be transferred to them.
Can an employer dismiss an employee for refusing to return to work due to concerns about Covid?
Public health restrictions in Bermuda have been gradually easing in recent months and almost all came to an end on 20 June.
Since our last quarterly update, important developments have occurred with respect to the applicability of the economic substance regime.
The Income Tax (Substance Requirements) Order 2021 was approved by Tynwald on 16 June 2021. This Order extends the scope of the economic substance rules in Part 6A of the Income Tax Act 1970 to cover partnerships, including limited partnerships both with and without legal personality, and limited liability companies (LLCs). The expanded rules will apply to accounting periods commencing on or after 1 July 2021.
