One step closer for equality to all…
In June of this year, the upper and lower house members voted to amend the Human Rights Act 1981 (the “Act”) to include protection from discrimination against sexual orientation and age. The amendments received Royal Assent from the Governor and the amended provisions in the Act became operative on 8 August 2013. Full text of […]
Privy Council Watch
Bermuda is Britain’s oldest overseas territory and the Privy Council in London is the final Court of Appeal from Decisions of the Court of Appeal in Bermuda. Further, the Supreme Court and Appeal Court of Bermuda are bound by decisions of the Privy Council in cases from all jurisdictions where the Privy Council is the […]
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 […]
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 […]
The New Dawn of Telecom Regulation
In my earlier post Bermuda Calling: Telecommunications Reform & Investment Opportunity, I described how telecommunications in Bermuda is undergoing root and branch reform with a view to not only making the industry more competitive but more attractive to investors. The overhaul in telecommunications, following extensive consultation with stakeholders, is embodied in two key pieces of […]
Newly Elected Bermuda Government Scraps Work Permit Term Limit Policy
Bermuda’s new One Bermuda Alliance Government has scrapped the “Measures to Inhibit Long-Term Residency” policy, more commonly known as the term limit policy, and undertaken a review of the Islands’ work permit policy, all with a view to encouraging economic growth and job opportunities for Bermudians. The initial announcement came on 30 January 2013 from […]
Bermuda Calling: Telecommunications Reform & Investment Opportunity
Telecommunications in Bermuda is undergoing root and branch reform with a view to not only making the industry more competitive but more attractive to investors. The commitment to change has been signalled by the establishment of the much-needed, long-overdue Regulatory Authority and an easing of restrictions on foreign investment. The overhaul in telecommunications, following extensive […]
Incorporating a Bermuda Company Made Easier
Bermuda now boasts a new licensing and supervisory regime for professional corporate service providers designed to enhance the efficiency of incorporations in Bermuda. The changes, which came into effect at the start of the year, are regarded as good news for Bermuda as they will eliminate double vetting, decrease the need for due diligence on […]