Mergers & Acquisitions (M&A) Guide 2022 – Bermuda
This country-specific guide provides an overview of Mergers & Acquisitions (M&A) laws and regulations applicable in Bermuda.
An update to Isle of Man Trust Law
In the week that the Trust and Trustees Bill 2022 goes for its second reading (25 October 2022), it might be helpful to recap what was considered to be the major talking points in the Bill.
Directors’ duties on the eve of insolvency
It is common knowledge that directors of companies owe a duty to the company to act in its best interests. Less well understood is the principle that, when a company reaches a certain level of financial distress, the directors’ duties shift to include a duty to consider the interests of creditors of the company.
Employee probation periods: an update
The Employment Act 2000 is the island’s key piece of employment legislation, applicable to employees who work mainly in Bermuda under an employment contract.
Cutting through the law- Section 6 of the Court of Civil Appeal Act
“I set aside the application for an interim order with costs”; this is often the unfortunate result for an applicant who has sought an urgent ex parte remedy before a Judge sitting at Chambers1 . This article explores the appeal mechanism available under the Courts Act 1945 (“CA 1945”) and the Court of Civil Appeal Act 1963 (“CCAA 1963”) to an unsuccessful applicant who feels aggrieved by the decision of the Judge sitting at Chambers and whether Mauritius law and procedure provide for an urgent remedy to that applicant without resorting to an appeal.
Centre Stage: Bermuda’s Role In An Insurtech Revolution
Bermuda is rapidly becoming a focus for insurtechs seeking the island’s expertise, the accessibility of capital and its regulatory regime. This roundtable discussion hosted by Appleby explored the growth and health of the insurtech sector on Bermuda.
Bermuda’s Life Marketplace Supports Growing Demands Stemming From Aging Populations
Bermuda’s robust long-term re/insurance sector is well-positioned to support demands for life and annuity products, which form a fundamental part of policyholders’ retirement and financial planning. This discussion hosted by BILTIR at the offices of Hannover Re (Bermuda) examines the current landscape of Bermuda’s life marketplace.
Probation Periods – Recent Tribunal Decision
We have published a number of articles in the last few years concerning probation periods in employment contracts, including one in June 2021 discussing changes to the Employment Act 2000 that impacted employer obligations concerning probation periods.
Q3 2022 Catastrophe Bond & ILS Market Report
Unlike previous hard market cycles, some insurance linked securities (ILS) managers eager to deploy more capacity are struggling to raise capital, and with startups reportedly more challenging to launch, Brad Adderley questions if we’re finally approaching a true hard market.
This Guide provides a summary of the laws and procedures relating to the duties of directors of Guernsey companies.
Against a backdrop of rising loss costs and inflation, many reinsurers remain cautious. This discussion hosted by AXA XL examined the dynamics around rates, the role of startups and alternative capital and how the renewals might play out.
Bouncing Back: ILS Demonstrates Resilience
Bermuda remains the world-leader in ILS and as the sector becomes ever-more entwined with other forms of risk transfer, the Island continues to innovate. That was just one takeaway from a roundtable discussion of experts hosted by EY Bermuda.