86 results found

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

The Bermuda Monetary Authority has introduced a new Police Clearance Certificate requirement for Key Persons of regulated financial institutions, effective October 2026. This regulatory change strengthens vetting processes and aligns Bermuda with international standards by requiring additional criminal history documentation during approval processes. In-scope insurers must now navigate new compliance obligations for controllers, officers, and other designated Key Persons.

In what proved to be a late Christmas present for the board of International Investments Enterprises Ltd (IIEL), Harneys Bermuda successfully invoked the now seldom relied upon quia timet, "because he fears" jurisdiction of the Supreme Court of Bermuda.

On 1st January 2025, Bermuda's Personal Information Protection Act 2016 (PIPA) came into full force and effect. Based on the core principles of data protection and privacy law internationally, PIPA has profound operational...

Previously the domain of business continuity programmes and disaster recovery policies, the Resilience Code takes the governance and operational requirements of business continuity to an entirely new level of compliance.

Bermuda companies have until 28 February 2019 to comply with requirements introduced in 2018 to maintain a register of their beneficial owners.

2024年5月15日，百慕大法院下令撤销一项清盘呈请（下称"呈请"），推翻早前委任联席临时清盘人的命令，并解除新耀莱国际集团有限公司...

The Economic Substance Act 2018 (the "Act") requires Bermuda-based entities that are carrying on a "relevant activity" in a relevant financial period and entities claiming "non-resident entity" status...

The Code will help underpin the jurisdiction's claim to regulatory excellence and adherence to international standards.

Corporate governance has become one of the most hotly debated topics in recent years. Whether it be board diversity, corporate culture or succession planning, directors across the world have...

Bermuda insurers face complex regulatory requirements when establishing outsourcing arrangements, requiring careful attention to governance frameworks, risk management protocols, and ongoing oversight obligations.

Partner Jonathan Betts and senior counsels Rachel Nightingale and Melanie Fullerton have authored the Bermuda Law and Practice chapter in the Chambers 2022 Global Practice Guide on Corporate Governance.

Bermuda's Limited Liability Company (LLC) structure offers a compelling alternative to traditional companies and limited partnerships, combining governance flexibility with full limited liability protection for members who actively participate in management. This hybrid vehicle has evolved from a slow start to become an increasingly popular choice for investment platforms, joint ventures, and multinational structures seeking consistency across jurisdictions.

Legal teams care about structure, disclosure and enforceability; capital teams care about classification, diversification and solvency treatment; actuarial teams care about cash-flow behaviour...

The Limited Liability Company Act 2016 (LLC Act) has today passed in the Senate and is set to come into force in the near future.

Bermuda's LLC legislation, introduced in 2016, was closely modelled on Delaware's LLC statute.

Corporate governance is an enterprise-wide endeavour that addresses all aspects of an organisation. Obviously, the most material, if not critical, aspects of the organisation should receive...