Introduction of the new Collateralised Insurer class
Members of the ILS Bermuda Market Intelligence workstream hosted a roundtable to discuss the Bermuda Monetary Authority's introduction of the new Collateralised Insurer class.
Fund bye-laws and payments-in-kind
Typically, a Bermuda fund is incorporated as an exempted mutual fund, formed as an exempted limited partnership or established as a unit trust. The focus of this article is upon the firs of the trio
How fund managers should prepare for the Cayman Islands Data Protection Law
The Cayman Islands Data Protection Law, 2017 (DPL) comes into force on 30 September 2019 and will regulate the future processing of all personal data in the Cayman Islands.
When will foreign court - appointed receivers be recognized?
When will foreign court - appointed receivers be recognized?
Offshore listing Vehicles to benefit from the Shanghai - London stock connect
Offshore listing Vehicles to benefit from the Shanghai - London stock connect
Economic substance requirements in Bermuda, the British Virgin Islands and the Cayman Islands
Changes to Cayman Islands corporate disclosure requirements
The Amendments make certain information relating to companies and limited liability companies more accessible and increase penalties for those who fail to fulfil the requirements of the beneficial ownership registration.
Magistrates’ Court: a summary of procedure
Commencing a claim in a court of summary jurisdiction, also known as the Magistrates’ Court, is a relatively straightforward process.
Employment Tribunal confirms that Tribunal Proceedings can proceed in an Employer’s absence
In the recent Supreme Court case Island Construction Ltd. et al v Rebecca Philips et al [2019] SC (Bda) 45 App (Island Construction v Phillips), the Supreme Court was asked to determine:
When Shareholders Can Bring Direct Claims in Cayman Court
This article considers two recent Cayman court decisions which highlight the very limited situations in which a shareholder may bring a direct claim against a director or a third party and therefore the importance of ensuring that claims are commenced by the proper plaintiff.
In the recent decision of Re C&J Energy Ltd and another the Supreme Court of Bermuda continued a line of judgments which establish the court's willingness to provide, to the fullest extent permissible under its common and statutory powers, commercially sensible and pragmatic support to foreign insolvency and re structuring proceedings.
Enforcement of Arbitral Awards
Before embarking into the enforcement of arbitral awards, it is important to distinguish between a domestic award and an international award as this demarcation will dictate the procedure to be adopted for the enforcement of the award. A domestic award corresponds to an award with its juridical seat in Mauritius whereas an international award on the other side, relates to an award with its juridical seat outside of Mauritius.