Further safeguards for Jersey depositors
The Banking Business (Depositors Compensation) (Amendment No. 2) (Jersey) Regulations 2020 (the Regulations) came into force on Tuesday 28 January 2020. The Banking Business (Depositors Compensation) (Jersey) Regulations 2009 (the DCS Regulations), established the Jersey Bank Depositors Compensation Scheme (the DCS). In the unlikely event of a Jersey bank failure, the DCS will pay compensation to eligible depositors as quickly as possible, with the aim of preventing hardship.
We live in an age of transparency, with openness and accountability increasingly demanded from businesses and governments, not to mention celebrities and anyone else in the public eye. In personal relationships. frankness and candour are rightly encouraged.
It is possible that the Personal Information Protection Act 2016 could finally become fully operative this year, after much delay. In this article we look at the key issues organisations need to be aware of as they start to get ready to implement the requirements of PIPA.
Brexit Day has arrived: What does that mean for Jersey, Guernsey and the Isle of Man?
Brexit Day has arrived, and at 11 o’clock this evening the UK’s EU membership will come to an end. This note explains what will happen tonight and what it means for the business community in the Crown Dependencies.
Innovative new products will drive ILS growth this year, predicts Adderley
This year will see a return to growth for the ILS market, with a range of new products helping clients manage new risks more effectively, according to Brad Adderley, partner at Appleby.
Pensions landscape to shift significantly
Sweeping changes to Bermuda’s pensions regime are underway that could result in private-sector employers and their employees seeing significant alterations to their existing pension arrangements.
Arbitration of employment disputes: what employers and employees need to know
Arbitration is a form of alternative dispute resolution whereby parties forgo their right to sue in court in favour of submitting their claims to an independent arbitrator to reach a binding decision.
The Insolvency Review – Seventh Edition
The seventh edition of The Insolvency Review offers an in-depth review of market conditions and insolvency case developments.
BMA forms view on cannabis related risk
The Bermuda Monetary Authority has confirmed that it will not object to BMA-supervised entities conducting cannabis business with a licensed cannabis cultivator, processor or seller so long as the conduct of the cannabis business is legal at all levels within the country in which it is operated.
Implications of the Privy Council’s decision in the ‘belonger’ case
Bermuda’s final appeals court has handed down its decision in a long-running case which had the potential to significantly change the landscape of immigration rights in Bermuda.