Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 17 MARCH 2023

Bermuda Companies With Outsourced Services Should Review Contracts

Appleby
Appleby
Contributor
Appleby

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile
Explore more from Appleby

It could be the influence of the Bermuda Triangle, but the convergence of several different circumstances now makes outsourcing agreement upgrades essential.

BermudaEmployment and HR
Duncan Card
Duncan Card
Author LinkedIn connections

It could be the influence of the Bermuda Triangle, but the convergence of several different circumstances now makes outsourcing agreement upgrades essential.

The first is that many Bermuda businesses outsource their operations from Bermuda, and that demand is growing.

Even with more than 25 years drafting, negotiating and advising businesses on their important IT service and outsourcing contracts (back office, cloud, SaaS and ERP solutions), it was not possible to anticipate the demand that has been generated in Bermuda for onshore outsourcing transactions.

Indeed, numerous business conditions in recent years have combined to motivate Bermuda businesses to outsource aspects of their operations to onshore service providers.

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

AI In The Workplace: Emerging Legal Issues For Bermuda Employers

Artificial intelligence is rapidly transforming workplace decision-making, moving from administrative tasks to influencing recruitment, performance management, and termination decisions. As employers increasingly rely on AI systems to process information and make recommendations about employees, they face growing legal risks around discrimination, transparency, and accountability. Understanding how existing privacy laws like Bermuda's PIPA apply to AI-assisted employment decisions, and implementing proper h
BermudaEmployment and HR
Appleby
Appleby
Article

Pay Transparency Legislation Coming Soon To Bermuda?

Bermuda's government is proposing pay transparency legislation that would require employers to develop mandatory pay equity policies, disclose salary ranges in job advertisements, and explain how compensation is determined. While still at the consultation stage, this initiative signals a shift from reactive complaint-driven enforcement to proactive prevention of wage gaps linked to gender, race, and ethnicity.
BermudaEmployment and HR
Walkers
Walkers
Article

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc
BermudaInsurance
Appleby
Appleby
Article

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.
BermudaInsurance
Appleby
Appleby