2025 Regulatory Calendar

Bermuda Partner Sarah Demerling recently contributed to hedgeweek's special report 'Bermuda Fund Services 2019' discussing Bermuda's Insurance Linked Securities (ILS).

In a recent judgment in Re New Frontier Health Corporation, delivered on 27 January 2026, Justice Doyle decided that he should recuse himself from that matter entirely, such that he would not hear the trial which was due to commence just a few weeks later to determine the fair value of the shares that dissenting minority shareholders held in the subject company prior to a statutory merger.

Having reviewed the BMA’s 2026 Business Plan (Plan), the BMA is already on a journey where it is progressing items in many areas and the key going forward is how it will look to build on that generally, and on a sector specific basis

While shareholders rightly view themselves as owners of the company in which they hold their shares, as any student of English company law will know from the seminal nineteenth century decision in Salomon v Salomon.

It has been said that the narrow view of protector consent provisions has the effect of limiting the role of the protector.[1] To this, Kawaley AJ in X Trusts said:

M&A activity in India and ASEAN countries accelerated from Q3 2025 into early 2026, driven by domestic consolidation, financial services, energy transition and technology sectors. Deal volumes remained high with a deep mid-market pipeline, while private equity dominated as the primary buyer class, increasingly seeking majority stakes as sellers accepted lower valuations than peak market periods.

On 19 March 2026, the Judicial Committee of the Privy Council (JCPC) delivered its long-awaited judgment regarding the role of a fiduciary protector in the administration of a trust...

The Beneficial Ownership Act 2025 consolidates Bermuda's beneficial ownership regime into comprehensive legislation that enhances transparency requirements to align with international standards. This guide examines the key obligations for Bermuda entities, including identification and verification requirements, maintenance of beneficial ownership registers, and filing obligations with the Registrar of Companies. Understanding these requirements is essential for entities operating in Bermuda to ensure compli

Explore how Bermuda's legal profession has evolved and strengthened its regulatory framework, professional standards, and community engagement since celebrating 400 years of established courts. Discover the mechanisms that maintain the jurisdiction's reputation as a premier international business center through robust bar governance, continuing education requirements, and disciplinary oversight.

Bermuda's financial services sector faces a critical challenge as traditional compliance frameworks struggle to keep pace with the BMA's increasingly sophisticated, data-driven supervisory approach. Many firms have inadvertently created compliance systems so heavy and reactive that they impede business operations rather than effectively managing risk. The article examines how a shift toward precision-based, truly risk-sensitive compliance can transform regulatory burden into competitive advantage.

Following changes to the law governing Jersey LLPs, the Financial Services Commission recently clarified and confirmed its approach to the licensing of LLPs.

The rule in Saunders v Vautier is familiar territory for trust lawyers. In the modern world it is understood to mean that the beneficiaries of a trust, if all of full age and capacity...

The International Stock Exchange (TISE) is a leading European venue for listing debt securities offered to institutional and professional investors, with a market-leading position listing...

The Channel Islands Stock Exchange (CISX) has announced that it has reopened to consider new listing applications with no apparent suitability issues.

It has been over ten years since Bermuda's Department of Immigration released a policy with respect to how it administers the Bermuda Immigration Act 1956...

Appleby's Hong Kong office acted as BVI counsel to GIC in a joint USD1 billion investment in Envision Energy International (Envision Energy), one of the world's largest net-zero investments to date.

"Is this the real life, is this just fantasy? Caught in a landslide, no escape from reality"

It is sometimes easy to criticise the States of Guernsey for various policies they have put in place – and sometimes that criticism is rightly placed

This article provides details on the recent changes to the Cayman Islands Securities Investment Business Law and Data Protection Law.

In a recent judgement re the Z Trusts [2015] JRC196C from the Royal Court of Jersey it was held that the test for an insolvent trust is a cash flow test, rather than a balance sheet test.