ARTICLE · 25 AUGUST 2020

Bermuda Incorporated Segregated Accounts Companies

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In November 2019, Bermuda enacted the Incorporated Segregated Accounts Companies Act 2019 (the ISAC Act), a testament to the jurisdiction's commitment to providing pragmatic solutions to...

BermudaCorporate/Commercial Law

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1 Introduction

In November 2019, Bermuda enacted the Incorporated Segregated Accounts Companies Act 2019 (the ISAC Act), a testament to the jurisdiction's commitment to providing pragmatic solutions to address industry's evolving needs.

The ISAC Act provides an alternative model for corporate structures, offering promoters of, and investors, in Bermuda entities an even greater choice in individualized corporate structuring.

The ISAC Act brings together the benefits of separate legal personality of a traditional limited company with the efficiencies of a segregated accounts company, merging the two concepts to produce a company (an ISAC) that can create an unlimited number of incorporated segregated accounts (each an ISA), each with its own separate legal personality.

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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. Kennedys operates in Bermuda in association with Kennedys Chudleigh Ltd.

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