Bermuda Registrar of Companies new registry system: impact on economic substance declaration portal

The Bermuda Registrar of Companies (RoC) has advised that it will be launching the first phase of its new company registry system on 7 June 2021. Economic Substance Declarations that have been started must be finished and submitted by 3 June.

Related briefings

“Holding the Fort” – Cayman Islands Litigation

In the Cayman Islands, like many other common law jurisdictions, claimants have various tools available to them to try to protect their position pending a final ruling. For example, the Cayman Islands Grand Court can issue a freezing injunction, appoint receivers and/or appoint provisional liquidators in the appropriate circumstances.

Piercing the veil of privilege: the iniquity exception

Conyers represented the successful respondent trustees in the recent Court of Appeal decision in Wang, Ven Jiao v Grand View PTC & Ors [2021] Civil Appeal No.4, in which the Court refused an application for leave to appeal against Kawaley AJ’s refusal to permit the applicant to rely on otherwise privileged hearsay evidence.

Moving to the Cayman Islands

Boasting an enviable lifestyle, modern infrastructure and a highly sophisticated financial services industry and all within a short flight of Miami and other US cities, the Cayman Islands check all the boxes for individuals seeking to relocate to a tax-neutral jurisdiction. As a result, the Cayman Islands have evolved into an increasingly popular place of residence for internationally mobile “remote-workers” and high-net-worth individuals from around the world.

Offshore SPACs explained and the benefits

The resurgence of special purpose acquisition companies (SPACs) as an alternative to traditional IPOs was one of the major talking points of 2020. SPACs have become attractive propositions for investors, venture capital firms and private equity funds looking to efficiently deploy capital quickly and enhance their portfolios in an era of low interest rates and market volatility.

Latest Briefings

Employee ownership: getting the best from your trustees

When a business chooses to transition to employee ownership (EO), a trust must be established for the benefit of the employees of the company. The trust becomes the legal owner of the company shares, and the trustees are appointed to the board of that trust. Their role is to protect the interests of the employees as shareholders.

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Omers hires HSF lawyer for in-house role

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