This article originally appeared in the March 28, 2014 issue of the Lawyers Weekly published by LexisNexis Canada Inc. Click here for the full article.
2013 brought significant changes to Bermuda’s corporate legal environment and 2014 promises to be a year of further developments. Click here to read about how these changes might impact your business.
2012 brought significant changes to Bermuda’s corporate legal environment and 2013 promises to be a year of further developments. Click here to read about these changes and how they may impact your business.
Memorandum on the Bermuda Monetary Authority’s Issuance of the Insurance Code of Conduct – July 2010
Synopsis: The purpose of this memorandum is to outline the key features of the Bermuda Monetary Authority’s (“BMA”) Insurance Code of Conduct (“the Code”). This memorandum has been prepared for information purposes only and definitive legal advice should be sought … Continue reading
Synopsis: “Other firms find it difficult to compete” with the team of reinsurance cases, in particular, and its lawyers are admired for their knack of “giving sound commercial advice without ducking difficult decisions.” – Chambers and Partners Global Website Publication: … Continue reading
Synopsis: Compass Administration Services Limited (“CASL”) is an affiliate of Attride-Stirling & Woloniecki (“ASW”), a specialist corporate and commercial law firm based in Bermuda. CASL provides a comprehensive range of administration services to Bermuda’s exempted and local companies (including insurance, reinsurance, … Continue reading
Synopsis: An exempted company (“exempted company”) is a company, which is “exempted” from the requirements imposed on local companies by the Bermuda Companies Act 1981 (the “Companies Act”), in particular the requirement that at least 60% of the equity of … Continue reading
Synopsis: Although an insurance company can be wound up we recommend that the Company be deregistered as an insurer prior to the commencement of the liquidation process. The Bermuda Monetary Authority (“BMA”) will cancel the registration of an insurer (or … Continue reading
Synopsis: This memorandum summarises a number of the key changes which have been made to the Insurance Act 1978 (the “Act”) as a result of the enactment of the Insurance Amendment (No. 2) Act 2010 (the “2010 Amendment Act”). Available: … Continue reading