The Bermuda Monetary Authority (the "BMA") has published a press release to advise that in accordance with the Insurance Amendment (No. 3) Act 2010 (the "Amendment Act") every insurer that registered as a long-term insurer on or before 31 December 2010 shall apply to the BMA, before 30 September 2011, to be reclassified as a Class A, Class B, Class C, Class D or Class E long-term insurer.

As part of the Government of Bermuda's commitment to addressing and implementing the European Union's economic substance requirements, the Economic Substance Amendment Regulations 2019 ...

The Bermuda Monetary Authority Amendment Bill 2014 (Amendment Bill) was tabled in the House of Assembly on 28 November 2014.

From 3 July 2016 the European market abuse regime was changed as a result of the EU Market Abuse Regulation (MAR).

We acted as Bermuda counsel to the Triton International Limitedgroup of companies advising on all Bermuda aspects of the transactional structure and implementation of the Bermuda steps critical to completion.

We are pleased to inform you of the announcement last week by the Judicial Commission of Mr Gerhard Wallbank as an acting Judge of the Commercial Division of the Eastern Caribbean Supreme Court ...

On 20th November 2017 the Court of Appeal handed down its judgment in the latest round of litigation arising out of the fallout of Bernard Madoff's multi-billion-dollar ponzi scheme.

The British Virgin Islands (BVI) Government has recently announced that following a three-year review programme of technical upgrades, the BVI has successfully met the Red Ensign Group’s (REG) Category One standards which will enable them to register large cargo vessels of unlimited tonnage and mega yachts of up to 3,000 gross tons.

The Government of the British Virgin Islands recently signed a Tax Information Exchange Agreement with the Canadian Government.

Our latest Regulatory updates for the Cayman Islands.

2020 rolls on, ushering in an era of the "New Normal". The regulatory environment continues to remain active, and Appleby Cayman's third update for the year takes a closer look at significant...

Funds were very much in view in the offshore courts during 2018 with the high profile liquidations of Abraaj and Platinum Partners in the Cayman Islands

The European Securities and Markets Authority (ESMA) has announced that they are moving forward to assess further groups of non-EU countries.

The Channel Islands Stock Exchange (CISX) released a statement yesterday (14 October 2013) confirming that, following an investigation by the Guernsey Financial Services Commission in respect of historic activities, the CISX will be restructuring its operations through a new corporate vehicle.

21 countries that are now considered to have an adequate level of tax information exchange with Italy have been removed from the Italian tax blacklist.

Trustees are under a statutory duty to keep accurate records of their trusteeship, but what does that mean in practice when recording trustees' decisions? We are often asked to prepare minutes for...

The States of Jersey has this week approved the latest amendment to the Trusts Law 1984 which will codify the Hastings-Bass principle as it has been developed in the Jersey courts and will also codify the principles developed in relation to mistake.

Following changes to the law governing Jersey LLPs, the Financial Services Commission recently clarified and confirmed its approach to the licensing of LLPs.

By a communique dated 9 June 2022, the Financial Services Commission indicated that it has amended its Competency Standards issued under Section 7(a)(a) of the Financial Services Act 2007.

The Government of the Republic of Mauritius has ratified double taxation agreements (DTA) with Guernsey and several African countries.