Insurers need well drafted commercial contracts to use artificial intelligence
It is impossible to overestimate the dependence of Bermuda’s successful insurance sector on information technology. The more advanced and intelligent that technology is, the better that sector will be managed and operated, in all respects.
Americas Restructuring Review 2023
This article discusses the defining features of Bermuda’s insolvency landscape and the primary insolvency and rescue procedures available under Bermuda law, including compulsory liquidations and schemes of arrangements. The restructuring of Noble Group Limited is presented as a case study, to illustrate the use of provisional liquidation to facilitate a restructuring via a scheme of arrangement. The chapter also reviews the role of the Bermuda court in cross-border insolvencies and the creditor-friendly nature of the insolvency regime in Bermuda.
Podcast: Digital Assets in Bermuda & Compliance
As the digital assets industry continues to evolve at breathtaking speed, how do those businesses in Bermuda flourish? Enter the world of compliance. Listen to the full podcast here.
Podcast: Offshore Management Companies
Join us as we discuss the consequence of this legislative development on structuring the management of investment funds.
Business Crime and Investigations in Bermuda: Overview
A Q&A guide to business crime and investigations in Bermuda.
Information Technology, Outsourcing, Privacy & Data Protection
All aspects of Bermuda's economy rely on information technology and data processing - an essential infrastructure and related services which must be procured, implemented, operated and securely managed.
A Look Back on 2022 and What to Expect for 2023
As we approach the end of 2022, we are able to look back and say with certainty that the arena of labour relations law has not been as lively as it was in 2021, when there were changes to the Employment Act 2000 and the tribunal system. Following a tweet at the beginning of the year from the Minister of Labour, it was anticipated that there may be some legislative developments to “expand the rights of workers in Bermuda throughout 2022”. This could have been both significant and controversial, however the rumblings of change stopped there and 2022 was not the hive of activity that it might otherwise have been.
Weathering the Latest Storm in the Crypto Winter
The US bankruptcy filings in respect of FTX have resulted in the assets of one of the largest crypto exchanges by volume, with possibly over one million users, being frozen.
Appleby Mauritius Newsletter, Nov 2022
There have been interesting developments in our legal landscape since our last issue with the Government’s continued endeavours to further enhance our international financial centre as one of excellence.
Mauritius Case-Law Summary November 2022
This is a summary of recent cases likely to influence the practice of global business in Mauritius.
Taking Insurance a Step Higher: structured Investment - Linked Insurance Business
In line with the budgetary measures which were announced for 2020-2021, the Insurance Act 2005 (Insurance Act) was amended on 02 August 2022 with a view to further enhancing competitiveness of the financial services sector. Thus, a legal framework has now been established to enable the operation of Structured Investment-Linked Insurance Business (SILIB) activities under the long-term insurance business category.
The Statutory Requirement for a Debenture Holders’ Representative in Mauritius
A debenture is essentially a debt instrument which is traditionally not supported by any collateral security and frequently has a term of repayment exceeding ten years.