Share on LinkedInShare on LinkedIn

ARTICLE · 23 OCTOBER 2020

An Ideal Domicile For SPACs

Conyers
Conyers
Contributor
Conyers

Conyers

For over 25 years Conyers’ London office has provided time-zone sensitive advice and support to our...

View firm profile
Explore more from Conyers

IPOs of Special Purpose Acquisition Companies (SPACs) have boomed in 2020 and Bermuda is ideally placed to provide an offshore domicile for these acquisition vehicles.

BermudaCorporate/Commercial Law
Neil Henderson
Neil Henderson
Jason Piney
Jason Piney
Robert Alexander
Robert Alexander
Author LinkedIn connections

IPOs of Special Purpose Acquisition Companies (SPACs) have boomed in 2020 and Bermuda is ideally placed to provide an offshore domicile for these acquisition vehicles.

For decades Bermuda has been the preferred jurisdiction for many offshore companies listed on the NYSE, NASDAQ, Hong Kong Stock Exchange, Toronto Stock Exchange, and London Stock Exchange. Currently, around 70 Bermuda companies maintain listings on the NYSE or NASDAQ, including companies such as Arch Capital Group Ltd (insurance), Marvell Technology Group Ltd (IT), Nabors Industries Ltd. (oil & gas), Credicorp Ltd. (financial services), and many others across a wide range of industries such as shipping, media, pharmaceuticals, communications, aircraft leasing and biotechnology. In 2019, US$19.5 billion in capital was raised by Bermuda companies listed on the NYSE and NASDAQ, up from US$13.2 billion in 2018. In total, more than 700 Bermuda companies are listed on various stock exchanges around the

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Stablecoin Regulation 2026: Key Takeaways From Stablecoin Week And The Clarity Act Vote

The failure of the Digital Asset Market Clarity Act in the US Senate leaves cryptocurrency market participants navigating regulatory uncertainty, while major blockchain networks accelerate infrastructure development to integrate traditional banks onto stablecoin payment rails. Cross-border payments emerge as a dominant use case, with stablecoins offering faster, cheaper international settlements than correspondent banking, though compliance frameworks must evolve to match real-time transaction speeds.
Cayman IslandsFinance and Banking
Conyers
Conyers
Article

SGX Mainboard & Catalist Public Companies Report L H1 2026

Singapore's capital markets are experiencing a significant transformation driven by the MAS-led Equity Market Development Programme, which has injected S$6.5 billion in liquidity and sparked a revival in IPO activity. With over 20 companies preparing to go public and new cross-border listing infrastructure connecting SGX with Nasdaq, the market is showing signs of meaningful structural reform and growing institutional confidence.
SingaporeFinance and Banking
Conyers
Conyers
Article

BVI Annual Returns: Preparation For Upcoming Deadline – 30 September 2026

BVI companies must file annual returns containing balance sheets and income statements with their registered agents. Companies with a December 31 year-end face a September 30, 2026 deadline, while others must file within nine months of their financial year-end. Conyers offers preparation services starting at $1,500 for simple holding companies and provides secure online filing through their client portal.
British Virgin IslandsCorporate/Commercial Law
Conyers
Conyers
Article

New CIMA Rules On AML And Sanctions Compliance Programmes: What Funds And Fund Managers Need To Know

The Cayman Islands Monetary Authority has issued two new binding rules that will fundamentally reshape compliance obligations for financial service providers, including mutual funds, private funds, and SIBA registrants. These rules convert previously non-binding guidance into enforceable requirements with significant penalties for non-compliance, mandating enhanced anti-money laundering programs, sanctions screening protocols, and independent audit obligations.
Hong KongGovernment, Public Sector
Conyers
Conyers