BMA seeks more seamless marketplace with ILS process enhancements
Recent changes made by the Bermuda Monetary Authority (BMA) to improve processes specific for catastrophe and mortgage bonds, shows that the island is listening to its clients and being more adaptive in the face of growing competition, according to Brad Adderley, Partner at global law firm Appleby.
Trustee Knowledge Series: Advanced Paper Three: Changing of the Guard
Part of our series of Trustee Knowledge Papers, set out to be a useful reference guide for all levels of Trust company administration; from junior administrator to director.
Beneficial Owners and Controllers (BOC)
The aim of BOC is to drill-down to the identification of persons who are the beneficial owners and controllers of legal persons or legal arrangements. This is required to prevent illegal activities via corporate entities or legal arrangements that can disguise identities and convert the proceeds of crime.
ILS Bermuda Executive Roundtable 2021
Despite the impacts of the Covid-19 pandemic and subsequent restrictions on travel and face-to-face meetings, Bermuda attracted a significant amount of startup capital in 2020 ahead of expected reinsurance market firming.
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.
This article casts light upon the recent case in June this year of Re Q [2021] JRC 166. This case provides useful guidance as to the Royal Court’s approach in relation to applications to set aside a trust on the grounds of mistake, where it is acknowledged that the relevant person was aware of some risk of adverse tax consequences.
Enforcement of Judgments 2021 – Trends and Developments
Bermuda is a self-governing overseas territory of the United Kingdom. It has a population of over 60,000 people on a land mass of just 21 square miles.
Enforcement of Judgments 2021 – Law and Practice
This edition discusses identifying assets, domestic judgments, foreign judgments and arbitral awards.
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.