Conyers advises Avolon on $636m aircraft securitisation

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Bermuda: Setting up a class 2 captive insurer

A company may be licensed as a Class 2 insurer if it is owned by two or more unrelated persons and intends to carry on insurance business at least 80% of which consists of insuring the risks of those persons and their affiliates. A Class 2 insurer may also write business which is not a […]

Bermuda: Setting up a class 1 captive insurer

A company may be licensed as a Class 1 insurer if it is wholly owned by one person and intends to carry on insurance business consisting only of insuring the risks of that person or its affiliates. Such insurers are often referred to as “pure captives” and are subject to the least onerous regulatory oversight […]

Bermuda’s new privacy legislation: Are you prepared?

By Kathleen Moniz For any organisation, personal information about customers, clients, employees and suppliers is a valuable asset. But it is also a responsibility. Protecting the privacy of personal information is not just a hot topic on the internet, it is now every Bermuda organisation’s legal duty…

Norway legal practice: market update 2018

This annual publication underscores the importance of the Norwegian market to our Bermuda corporate practice. The shipping and offshore sectors experienced another difficult year for new financings and equity raises in 2017. Market activity has focused on consolidation, private placements and debt restructuring, as evidenced by the deals highlighted below. In challenging times, Norway’s over-the-counter […]

New compulsory Bermuda bye-law filing requirements

The Companies Amendment Act, 2018, which is deemed to have come into operation on 21 March 2018, amends the Companies Act, 1981 as regards the filing of information contained in bye-laws and applies to all Bermuda companies having a share capital. Under transitional provisions, all such companies will have a period of six months from […]

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Canada: new occupational health and safety act expands scope of employer duties

On June 1, 2018, amendments to Alberta’s Occupational Health and Safety Act came into force, significantly expanding the nature of the health and safety obligations owed by employers and businesses in Alberta. This article focuses on one of the areas in which changes have been made: the expansion of the types of entities that have […]

Use of injunction in modern trespass cases

By Leanne Norton and Lucy Shepherd In two recent cases of trespass, injunctions have been the preferred remedy rather than possession. An injunction is a court order that requires a party to do a specific act, or to refrain from doing a specific act. Injunctions are a discretionary remedy and an interim injunction might be […]

Adjudication watch June 2018: what you need to know

In this latest ‘Adjudication Watch’ our construction team provides updates on significant adjudication decisions: Mailbox (Birmingham) Ltd v Galliford Try Building Ltd (formerly known as Galliford Try Construction Ltd) [2017] Christopher Linnett Ltd and Mr Christopher Linnett v Matthew J Harding [2017] Baldwin and another v J R Pickstock Ltd [2017] Victory House General Partner […]

Messi scores important victory in longrunning EU trademark dispute

The General Court of the European Union ruled that the Barcelona and Argentina football star Lionel Andrés Messi, can register his European Union trade mark (EUTM) application for ‘MESSI’ in classes 3, 9, 14, 16, 25 and 28 (covering a wide range of products including fragrances, jewellery, clothing and sports equipment) notwithstanding an opposition led […]

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HMRC appoints new general counsel

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Eversheds Ireland plays key role in the takeover of Paladin Labs by Endo Health

Eversheds Ireland has played a key role in the takeover by Endo Health Solutions of Paladin Labs Europe for approximately £1.1bn. In this transaction, the acquiring entity will be an Irish holding company. The deal is the first Irish inversion with no primary Irish target. An inversion is a legal transaction whereby one corporation becomes […]

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Former Stewarts Law partner to challenge SDT strike-off decision

A former Stewarts Law litigation partner who was struck off after a private prosecution has turned to Fountain Court’s Timothy Dutton QC to fight the ruling in the Adminstrative Court next month.  Partner Andrew Shaw was struck off at a Solicitors Disciplinary Tribunal (SDT) in February when former New York-based investment banker Geoffrey Logue brought […]

Turmoil rules at all-change Ashurst

Stephen Lloyd’s exit piles on the pressure, just when firm was hoping for a breather Ashurst has had more than its fair share of dramas in the past six weeks – a multimillion-pound merger, a shock leadership change and an overhaul of the board. Now, as they frantically search for the ‘pause’ button, they are […]

APRA releases prudential practice guide on managing data risk

By Alec Christie and Rose Bollard The Australian Prudential Regulation Authority (APRA) has issued the final version of its new prudential practice guide, Prudential Practice Guide CPG 235 — Managing Data Risk. The data guide aims to assist financial institutions, general and life insurance companies and superannuation funds regulated by APRA to manage their data […]

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