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  • Article

    Bermuda Insights: Regulatory & Risk Advisory

    The BMA has issued a number of consultation papers with suggested enhancements to the investment business regime in Bermuda. These changes will see significant amendments...
    BermudaFinance and Banking
    Walkers
    Walkers
  • Article

    Economic Substance Declaration Filings – Update

    The Economic Substance Act 2018 (the "Act")1 requires Bermuda-based entities that are carrying on a "relevant activity" in a relevant financial period and entities claiming "non-resident entity" status under the Act to file an Economic Substance Declaration Form.
    BermudaFinance and Banking
    Conyers
    Conyers
Article

Economic Substance – Preparing For Filing The First Declarations

The Registrar will determine whether or not the applicable substance requirements are met, based on the information provided by the relevant entity.
BermudaFinance and Banking
Conyers
Conyers
  • Article

    Technology Sector Offers Economic And Employment Opportunity For Bermuda

    Employment opportunities that could emerge as a result of Bermuda's growing technology sector should not be underestimated, according to Steven Rees Davies
    BermudaFinance and Banking
    Carey Olsen
    Carey Olsen
  • Article

    Walkers Welcomes Associate Malacia Madden To Bermuda Team

    Walkers Bermuda is pleased to welcome newly admitted associate Malacia Madden to its Corporate, Finance, Funds & Insurance practice group following the successful completion of her articles
    BermudaFinance and Banking
    Walkers
    Walkers
  • Article

    Bermuda Strengthens Regulatory Regime For AML/ATF Regulated Financial Institutions

    The Bermuda Government and the financial services regulator, the Bermuda Monetary Authority (BMA), are committed to ensuring Bermuda's anti-money laundering and anti-terrorist financing ...
    BermudaGovernment, Public Sector
    Appleby
    Appleby
  • Article

    Legal Services Act Fully In Force: Implications For The Cayman Islands Insurance Market

    The Cayman Islands Legal Services Act and related Legal Services Regulations (the "LSA") is now fully in force, marking an important development in the regulation of legal services in respect of Cayman Islands law.
    BermudaInsurance
    Conyers
    Conyers
  • Article

    Maintaining A Robust Profile At The Top Of Multiple Sectors

    This Country Report provides the latest update on how Bermuda is positioning itself as the perfect base for top professionals seeking to embrace the emerging trend of home working.
    BermudaInsurance
    Appleby
    Appleby
  • Article

    Update On Bermuda Economic Substance Scope And Filing Requirements

    Bermuda's economic substance regime has been brought into closer alignment with the regimes implemented by other jurisdictions named in the European Union's Code of Conduct Group's call in 2018 for substance laws.
    BermudaStrategy
    Kennedys Law LLP
    Kennedys Law LLP
  • Article

    Bermuda Issues Final Economic Substance Guidance Notes For Shipping Sector

    On 7 July 2020, Bermuda's Minister of Finance issued the final Revised Guidance Notes in relation to the Economic Substance Act 2018 (the "Act").
    BermudaTransport
    Conyers
    Conyers
  • Article

    Assignment, Novation Or Sub-Participation Of Loans

    Transfers of loan portfolios between lending institutions have always been commonplace in the financial market. A number of factors may come into play – some lenders may wish to lower their risks...
    GlobalFinance and Banking
    Appleby
    Appleby
  • Article

    G20 Sustainable Finance Initiative And Offshore Green Financing

    Green and sustainable finance has been expanding rapidly as investment decisions are increasingly taking into account environmental, social and governance (ESG) factors.
    GlobalFinance and Banking
    Appleby
    Appleby
  • Article

    Bermuda Expands Licensing Regime To Include Digital Assets Derivatives

    The Digital Asset Business Amendment Act 2019 (the "DABA Amendment Act") was approved by the Bermuda Parliament on 2 October 2019.
    BermudaTechnology
    Walkers
    Walkers
  • Article

    Economic Substance: Bermuda Expands Regime To Include All Partnerships

    The Economic Substance Amendment Act 2021, which became operative on 30 June 2021, has expanded the scope of the Bermuda economic substance regime to now include all partnerships.
    BermudaCorporate/Commercial Law
    Appleby
    Appleby
  • Article

    Recent Amendments To The Regulation Of Trust Business In Bermuda

    Enhancements have recently been made to Bermuda's trust regulatory regime with the passing of the Trusts (Regulation of Trust Business) Amendment Act 2019 (Amendment Act)
    BermudaCorporate/Commercial Law
    Appleby
    Appleby
  • Article

    UPDATE – Effective Date For Amendments To Investment Business Act 2003

    We refer to the Conyers June 2022 alert in relation to upcoming amendments to the Investment Business Act 2003 (the "IBA"). As noted, the Investment Business (Amendment) Act 2022 was passed on 1 April...
    BermudaCorporate/Commercial Law
    Conyers
    Conyers
  • Article

    基金的年度董事会会议及其他企业管治要求

    本年度即将结束,本所提醒所有在开曼群岛金融管理局(CIMA)注册的开曼群岛投资基金,务請注意 CIMA 的《受規管实体企业管治规则》和《受規管&#
    BermudaCorporate/Commercial Law
    Conyers
    Conyers
  • Article

    Bankers Beware: The Quincecare Duty To Query Suspicious Client Requests

    It is well established that a contract between a bank and its customer includes an implied term that the bank will use reasonable skill and care in and about executing a client's instruction and will not execute instructions ...
    BermudaFinance and Banking
    Kennedys Law LLP
    Kennedys Law LLP
  • Article

    BMA to Introduce "Far-reaching" Changes to Hedge Fund Regulations

    Cheryl Lister, Chairman and CEO of the Bermuda Monetary Authority - the body responsible for regulating the financial services sector, announced plans to introduce "far-reaching" changes to Bermuda's alternative investment regulations in a speech given at a BIBA (Bermuda International Business Association) sponsored event held recently
    BermudaFinance and Banking
    Bermuda International Business Association
    Bermuda International Business Association
  • Article

    Recoverability Of Foreign Lawyers' Fees In The BVI, Cayman Islands And Bermuda

    This means that clients of Cayman Islands' firms with foreign international offices cannot recover the fees of lawyers in those offices in relation to Cayman legal
    BermudaFinance and Banking
    Kennedys Law LLP
    Kennedys Law LLP
  • Showing 81–100 of 363 results

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