The International Tax Co-operation (Economic Substance) Law (Revised) (the ES Law) came into force in the Cayman Islands (the Islands) on 1 January 2019.

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

Bermuda is no exception. For specified business activities in Bermuda, which include banking, insurance, fund management, financing and leasing, corporate headquarters, among others...

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

The coronavirus outbreak (COVID-19), which originated in Wuhan, China in December 2019 was declared a Public Health Emergency of International Concern by the World Health...

The Bermuda Monetary Authority (the 'BMA') has issued a consultation paper on a proposed new Operational Resilience and Outsourcing Code (the 'Code').