MJM

Tax Residency Change to Economic Substance Act

The Economic Substance Act 2018 (the “Economic Substance Act”) was established in direct response to concerns raised by the Council of the European Union concerning the absence of economic substance…

Economic Substance Update

Bermuda was removed from the European Union (“EU”) list of non-cooperative tax jurisdictions at the 17th May, 2019 meeting of the Economic and Financial Affairs Council (“ECOFIN”). Bermuda’s commitment to…

Adenike Carmichael Joins MJM Limited

Leading law firm, MJM Limited, is pleased to announce that Bermudian, Adenike Carmichael has joined as Client Relationship Manager in the firm’s Dispute Resolution Team.

MJM Sponsors the 32nd Annual End to End

It is that time of year again when the ever popular AXA End-to-End kicks off. In its 32nd year, this year’s event promises to be a super fun and exciting…

Holding Company Liability in Tort

It is a general basic principle of company law that each company within a group of companies (even those owned and controlled by a parent or intermediate holding company) are…

Divorce and the “costs” of Financial Disputes

A January 2019 reported decision of the Supreme Court (F v F) provides a more forceful argument than ever for the resolution and settlement of all financial matrimonial issues.

The Question of Temporary Stewardship of the Corporation of Hamilton

On 22 December 2014, counsel for the Corporation of Hamilton (the “Corporation”) initiated proceedings to challenge the constitutionality of certain amended sections of the Municipalities Act 1923 (the “Act”) (the “Proceedings”). On 26 January 2015, the Minister of Home Affairs (the “Minister”) exercised his right under section 7B(6) of the Act and provided notice to […]

Public Access To Information (PATI) Act and Regulations Now In Force

In Canada, the Access to Information Act provides the public the right of access to information under the control of a federal government institution. In the USA, the Freedom of Information Act allows for the disclosure of documents controlled by the United States government to the public. In the UK, the Freedom of Information Act […]

2014 Throne Speech: A brief summary of the Parliamentary Agenda

The Governor George Fergusson delivered the annual Throne Speech on November 7, laying out the Bermuda Government’s plans for the upcoming year. Economic recovery will continue to be the national priority, the Government announced. This speech marked the opening of a new parliamentary year, the third under the new One Bermuda Alliance Government and the […]

The Spending and Government Efficiency Commission (the “SAGE Commission”)

The SAGE Commission The Spending and Government Efficiency Commission (the “SAGE Commission”), an election platform item for the One Bermuda Alliance (“OBA”), was created in the first quarter of 2013 following on from Bermuda’s national election last year in which the OBA emerged as the new governing party. The OBA had indicated during their election […]

2013 Throne Speech: A brief summary of the parliamentary agenda

The One Bermuda Alliance Government has promised to continue to make revitalisation of the Bermuda economy its primary focus as it enters its second year in power. The promise featured prominently in Government’s Throne Speech (777 KB PDF) which marked the beginning of a new session of the Bermuda Legislature, and in which the one […]

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 […]