Managing your Bermuda business and transactions during the Covid-19 pandemic

In these exceptional circumstances, there are practical challenges which you are likely to encounter in the handling of business transactions and the day to day running of your operations. We have set out some guidance on such matters.

Related briefings

Norway Practice Bulletin 2020

In this issue we highlight the impressive growth in the number of Bermuda companies listed on the Oslo Stock Exchange and the Norway Over-the-Counter market over the last five years – a dozen new listings between them, including BW Energy’s IPO on the Oslo Børs in February.

Insolvent trading – British Virgin Islands companies

Many businesses are currently experiencing unprecedented pressure on their cash flow as a result of the COVID-19 pandemic and the governmental restrictions which are being implemented around the world. It is very important therefore that directors of British Virgin Islands (BVI) companies which may be approaching insolvency take steps to evaluate the position of the company with a view to avoiding personal liability.

Bermuda amends National Pension Scheme – Update #3

Following our alert of March 2020, providing an update about the amendments to the National Pension Scheme, we further update on amendments passed in Bermuda’s House of Assembly on Friday 8 May 2020, to section 24 of the National Pension Scheme (Occupational Pensions) Act 1998 which expands the ability of members and former members of defined contribution pension plans and local retirement products to obtain limited refunds from their pension balances.

Latest Briefings

CEE legislation tracker: Czech Republic

Banking & Finance, Capital Markets Interest-free state loans and guarantees Following the first three credit and guarantee initiatives COVID I, II and COVID Prague designed for the small and medium sized enterprises, the Ministry of Industry and Trade (“MoIT”) and the Czech-Moravian Guarantee and Development Bank (“CMGDB”) are now planning a COVID III guarantee. COVID […]

CEE legislation tracker: Turkey

Banking & Finance, Capital Markets Article 23 to 27 of the Capital Markets Law (governing material transactions and minority shareholders, including the right to exit, the offer to buy shares, the obligation to buy shares, the right to sell) will not apply to the transactions of the Turkey Wealth Fund, sub-funds and companies that will […]

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Logistics clients need your help

Lawyers serving clients in the logistics and supply sector are about to see a remarkable shift in emphasis in their work. Up until now their advice has been exploratory, deal-driven and expansive; now, it’s largely about crisis management. Risk has been dramatically recalibrated in the wake of panic-buying, raising the spectre of disruption in the distribution […]

London Stock Exchange

The listed law firms face their biggest challenge yet

Any firms who have ever considered an IPO should take note after the recent market turmoil. You can virtually hear the sighs of relief emanating from the Mishcon de Reya partners who were set against an IPO – a much-touted policy that was publicly shelved yesterday (24 March). As shares stumble and fall, the lawyers […]

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There are now just two US super-heavyweights in London

One of the most eye-catching deals of recent weeks was the sale of the Ritz, which completed late last Friday despite the best efforts of the virus and featured Weil Gotshal advising the iconic hotel. It provided a reminder that while Covid-19 has understandably shunted 99 per cent of all other news off the agenda, […]

exam desks

Law students want their exams back

So LPC exams are GO for this spring, eventually. If you missed the furore: they weren’t supposed to be, originally. Due to coronavirus, and its requirement for supervised assessment, the Solicitors Regulation Authority (SRA) put the exams on hold until the autumn. Needless to say, that went down like a cough in a crowded Tube […]

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