Bermuda public companies update

This edition of the Bermuda Public Companies Update summarises significant transactions involving Bermuda companies on the New York Stock Exchange and Nasdaq in the second half of 2020.

Related briefings

Privy Council emphasizes primary role of trial judge as decision-maker in shareholder disputes

In the context of an unfair prejudice claim, the Privy Council recently overturned the decision of the Eastern Caribbean Court of Appeal and restored the decision of Leon J. of the Commercial Court of the British Virgin Islands, in effect ordering a mandatory buy-out, at a price to be determined by the court, of minority shareholdings by the majority shareholder whose acts were found to be oppressive, unfairly discriminatory and unfairly prejudicial to the minority, pursuant to section 184I of the BVI Business Companies Act.

British Virgin Islands – Regulatory Update

On 11 February 2021, the British Virgin Islands Financial Services Commission published the Financial Services (Prudential and Statistical Returns) (Amendment) Order 2021.

Filing an economic substance declaration in Bermuda

In 2018, Bermuda enacted legislation with respect to economic substance requirements for entities based in the jurisdiction. All other major offshore jurisdictions enacted similar legislation at the same time.

Cayman Islands securities & banking country update

Partner Matthew Stocker and counsel Alex Davies from our Cayman Islands office provide an update on securities and banking regulations in the jurisdiction for Thomson Reuters Regulatory Intelligence.

Latest Briefings

BVI Company Law Series – Continuations In

In this first of two notes relating to continuations (sometimes referred to as migrations or redomiciliations), we look at the requirements and processes for companies which want to continue from one jurisdiction to the BVI.

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Augusta Ventures GC departs for new in-house role

The general counsel of Augusta Ventures has left the business for a new in-house role, little more than a year after she joined the litigation funder. Frances Coats will become Europe general counsel of Bolttech, a digital insurance broker launched last year as a result of the rebranding of formerly known Frank Insurance by its […]

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GCs will be at the vanguard of change

From tech to managing people, general counsel are at the forefront of transformation within their companies. To explore these issues, DWF partner Hilary Ross talked to The Lawyer. Three of the biggest topics for GCs have always been: finding time; what good leadership looks like in-house; and diversity and fairness. In 2020 GCs had to […]

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DWF sets £25m revenue target for NewLaw units

DWF has set a target to achieve £25m in revenue for its Connected Services division, one of its biggest business bets beyond traditional legal services. The target is the result of a business plan aimed at expanding the innovation and consulting services tentpole of the listed firm throughout 2021. It is accompanied by a headcount […]

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Revealed: Nearly a quarter of the Top 100 are still using furlough scheme

Firms including Trowers & Hamlins and TLT were among those that made claims through the UK Government’s coronavirus job retention scheme last month, according to new data released by HMRC. The data shows that 17 law firms from the top half of The Lawyer’s latest UK200 report were still making claims for furlough at the […]

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A&O’s China JV expands in Beijing with disputes team  

Allen & Overy’s Chinese joint operation firm Shanghai Lang Yue has launched a Beijing office with the hire of a dispute team from red circle rival Fangda Partners. The team heading Lang Yue’s Beijing office is led by Melody Wang, a seasoned litigator and investigations lawyer. Wang joins from Chinese red circle firm Fangda Partners’ […]

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