The Protections and Perils of Enduring Powers of Attorney
None of us likes to consider the possibility that we may one day find ourselves unable to manage our own affairs. It is a boon that we can expect to…
Family Trust Disputes in Bermuda
There has been a significant increase in contentious and non-contentious trust matters arising from family disputes in relation to Bermuda trusts. Most often these involve wealthy international dynastic families or family corporations. The type of matters we see before the Bermuda Courts include applications for variation of trusts or sanctions of a compromise between the […]
Changes to Bermuda’s Prospectus Filing Requirements
Recent statutory amendments, introduced by the Companies Amendment Act 2013, mean that Bermuda companies listed on appointed stock exchanges are no longer required to file prospectuses in Bermuda. Previously, a Bermuda company listed on an appointed stock exchange (which covers many of the world’s major stock exchanges) had to file with the Registrar of Companies […]
Property fees reduced for non-Bermudians — a great time to buy!
A non-Bermudian can only buy a property in Bermuda if they have acquired a licence to do so. This involves applying to the Minister of National Security and paying an application fee which is approximately $1,500 and is refunded if the licence is granted. Once the licence is granted the licensee may purchase a property […]
When is a company a trust?
The principle of separate legal personality of a company has been affirmed in yesterday’s Supreme Court case of Prest v. Petrodel Resources Limited, and the principles upon which the court will act to “pierce the corporate veil” have been clarified, but it remains the case that upon divorce, the court will look carefully at the […]
Bermuda: All Ship-shape and Bristol fashion*
It has been widely reported that the Prime Minister of the UK, David Cameron, will call upon the British Overseas Territories (BOTs) which are regarded as low tax jurisdictions to “get their houses in order” (The Daily Mail, 5 June 2013) and that offshore financial centres such as Bermuda, Cayman, BVI, Jersey and Guernsey will […]
Corporate Social Responsibility: MJM and the 2013 Catlin End-to-End Event
At MJM we take great pride in giving back to the community. MJM attorneys and staff believe in social responsibility and we invest our time, skills and talents into community causes. Over the years, we have demonstrated our commitment to the community in which we live and work by taking a hands-on approach to community […]
Death and your Digital Data
The internet should give us all pause for thought, particularly in the context of estate planning. In preparing a will, we focus on home, bank accounts and a lifetime of accumulated tangible treasures that we wish to pass on to loved ones. And we select trusted friends or family members to take responsibility for the […]
Trusts coming under closer scrutiny by Courts in contested divorces
In an effort to achieve a fair division of matrimonial assets, the Court is increasingly demonstrating its willingness to scrutinise the beneficial interests of divorcing spouses under family trusts. A high divorce rate seems to have become the norm rather than the exception in the western world. This reality, and the Court’s determination to achieve […]
An Update on Disputed Wills
Litigation surrounding Wills is steadily on the increase. In particular, issues of disputed testamentary capacity are becoming more frequent and as such, attorneys must be extremely cautious when taking Will instructions from individuals. What does this mean? Disputes involving lack of testamentary capacity refer to those that have to do with the determination of the mental […]
MJM Demonstrates Civic Duty
Attorneys at MJM Limited are demonstrating their civic duty with several having been chosen to serve on Bermuda Government Boards in the recent appointments under the newly elected One Bermuda Alliance. The Boards on which the attorneys now serve represent a broad sector of the community and governmental function. The relevant appointments are as follows: […]
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