Bermuda blacklisting expected to be temporary

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Related briefings

Bermuda Public Companies Update – July 2019

In the latest edition of our Bermuda Public Companies Update we recap significant transactions involving Bermuda public companies over the period H1 2019. Global market update The first half of 2019 saw a notable slow-down in global market activity from the same period last year. Capital raised in the global IPO market fell by 37%, with volume down 34% on […]

Reflecting on Reflective Loss

By Nigel K. Meeson Primeo Fund (In Official Liquidation) and Bank of Bermuda (Cayman) Limited, HSBC Securities Services (Luxembourg) SA (Cayman Islands Court of Appeal 13 June 2019) The common law principle of reflective loss has been judicially described as a “perplexing and developing area”. The most recent decision of the Court of Appeal in […]

2019 global survey on commercialisation of disputes – Cayman Islands

By Paul Smith, Spencer Vickers Q. Are lawyers able to enter into contingency /damages sharing agreements with clients? No, contingency fee agreements are unlawful. However, it is lawful for lawyers to enter a fair and reasonable conditional fee arrangement for an increase in fees to reflect the nature of the risk undertaken by counsel in accepting […]

2019 Global Survey on the Commercialisation of Disputes – Bermuda

Rhys Williams Q. Are lawyers able to enter into contingency/ damages sharing agreements with clients? No. These are prohibited by the Barristers’ Code of Professional Conduct 1981, Rule 96. The Bar Council has proposed allowing conditional/contingent fee structures however no steps have been taken to do so thus far. Q. Recoverability of client costs and/or success […]

Ship Registration in the Cayman Islands

By Matthew Stocker The Cayman Islands Shipping Registry (“CISR”) is a Category 1 British Registry, the highest possible ranking, and is authorised to certify all sizes and types of vessel. A ship registered in the Cayman Islands is a “British Ship” entitled to fly the red ensign flag and is afforded protection through the Royal […]

Latest Briefings

Innovative new law opens Guernsey up to Artificial Intelligence

By Andrew Munro The newly enacted Electronic Transactions (Electronic Agents) (Guernsey) Ordinance, 2019, which came into force on 1st March this year, signals a turning point in law for companies using Artificial Intelligence which itself represents an area of exponential growth and critical importance for future development in many areas and sectors worldwide. This exciting […]

CSSF on mandatory notifications in a no-deal Brexit context

Following the publication of Luxembourg laws of 8 April 2019 (see our previous briefing here), the Luxembourg Financial Sector Supervisory Authority (CSSF) has issued two press releases aimed at undertakings for collective investment (UCIs) and/or their managers, and certain firms currently authorised in the United Kingdom (UK) which intend to continue their activities in Luxembourg […]

Economic substance laws: the private wealth context

By Richard Laignel  Recently as part of on-going international initiatives, a large number of international finance centres (including Jersey, Guernsey, BVI and Cayman) have passed new laws requiring companies which are tax resident in such centres and also conducting certain types of activities to demonstrate that they have an adequate level of physical substance and […]

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Landmark hires barrister duo from newly-merged set

Landmark Chambers has strengthened its already robust property practice with the addition of three junior barristers to one of the set’s primary areas. Justin Bates and Brooke Lyne both join the set from 4-5 Gray’s Inn, while new colleague Simon Allison has arrived from construction rival Hardwicke Chambers. The trio’s practices have focused heavily on […]

Shoosmiths residential development experts advise Kier Living on prestigious Cardiff site

UK law firm Shoosmiths has advised long-standing client Kier Living on its successful bid to provide exclusive, high-quality homes in one of Cardiff’s largest and more prestigious residential developments. The Churchlands development site in Lisvane, Cardiff, will be transformed into a 1,000-home site with a new school, district centre and extensive areas of public open […]

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