This country-specific Q&A provides an overview of Mergers
& Acquisitions laws and regulations applicable in Bermuda.
1. WHAT ARE THE KEY RULES/LAWS RELEVANT TO M&A AND WHO ARE
THE KEY REGULATORY AUTHORITIES?
The Companies Act 1981, as amended (Companies
Act) is the principal piece of legislation governing
companies in Bermuda and under which most companies in Bermuda are
incorporated by registration. As the substantial portion of
entities currently formed in Bermuda are exempted companies limited
by shares, this chapter primarily focuses on Bermuda M&A
transactions involving Bermuda companies.
The provisions by which business combinations (either by merger,
amalgamation or, in some instances scheme of arrangement) are
effected in Bermuda are contained in the Companies Act. Provisions
concerning the compulsory acquisition in connection with a share
acquisition or business acquisition are also contained in the
Companies Act. If the entity is a regulated entity and