New Draft Bermuda Plan In Operation
On 3 December 2018, the Department of Planning released the Draft Bermuda Plan 2018 (the “Draft Plan”), which became operational on the same date. The Draft Plan details the land…
Guarantees and Independent Legal Advice
It is well recognised that in the context of certain types of banking transactions a presumption of undue influence can arise. An example of this would be where an individual is agreeing to charge a property which they own in order to secure the debts of their spouse. The question of whether a lack of […]
Redaction Action
It is always reassuring when a decision of the court validates and confirms the adage that the law is largely just “common sense with knobs on” (in the words of Lord Sumption). The loser in a recent injunction case wanted to be able to rely upon privileged information contained in the bill of costs submitted […]
The Family Business: Succession and Stewardship Estate Planning Considerations for Transitioning the Family Business into the Hands of the Next Generation
Bermuda has many resourceful and hard-working business proprietors. Each one loves the enterprise he or she has built and for many, the hope is that it will continue many years and possibly many generations into the future. The successful continuation of the business after the death of the proprietor is not, however, a foregone conclusion […]
Proposed Relaxation of ‘60:40 Rule’
The recent Budget announcement by the Bermuda government included one significant policy proposal which has the power to provide a welcome stimulus to the Bermuda economy over the course of the coming years. The Premier, also Minister of Finance, David Burt, indicated that a relaxation of the business ownership ‘60:40 rule’ was to be implemented […]
MJM’s Real Estate Team Ranked TIER 1 in Bermuda by The Legal 500 2018
MJM Limited is pleased to announce that its Real Estate Team is Ranked TIER 1 in Bermuda in results released recently by International law firm rating agency, The Legal 500. The Legal 500 reported:
MJM’s Dispute Resolution Team Ranked BAND 1 in Bermuda by Chambers Global 2018
MJM Limited is pleased to announce that its Dispute Resolution Team is Ranked BAND 1 in Bermuda in results released today by Chambers & Partners in the Chambers Global 2018 rankings. Chambers reported the following: What the team is known for Distinguished, independent Bermudian firm that is widely respected in the jurisdiction. Maintains a very […]
Bermuda Court Revisits Confidentiality Orders in Wake of the Paradise Papers
In the matter of G Trust [2017] SC (Bda) 98 Civ (15 November 2017) In the 2015 case of Re BCD Trust (confidentiality Order) [2015] Bda LR 208, the Chief Justice had confirmed that with respect to administration of trust cases, proceedings could be anonymised and dealt with as private applications where there was no […]
Rights of Outgoing Trustees Examined by Bermuda Courts
Meritus Trust Company Limited v Butterfield Trust (Bermuda) Limited [2017] Bda LR 82 In October 2017, Chief Justice Kawaley ruled that an outgoing trustee is neither entitled to retain any part of the trust assets as security for its equitable indemnity as former trustee nor demand a contractual indemnity. This case involved an outgoing institutional […]
Fozeia Rana-Fahy recognised for the third year in a row as one of the Top 200 international Powerwomen by Citywealth
For the third year running, MJM Director Fozeia Rana-Fahy has been listed as one of the Top 200 international Powerwomen by Citywealth. The list honours 200 of the most powerful women in government, private wealth, education, private client advisory and philanthropy across the international financial centres (IFCs). The IFC Powerwomen Top 200 list focuses on […]
Supreme Court Terminates Waterfront Arbitration
In the first decision of its kind, the Bermuda Supreme Court has utilized its powers under Section 39 of the Arbitration Act 1986 (the “Act”) to terminate an arbitration – and in this case a very important one – the arbitration between The Allied Trust and Allied Development Partners Limited (together “Allied”) and The Government […]
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