Norway flies the Bermuda flag

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Related briefings

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 […]

Latest Briefings

Canada: Changes to daily operations under amended Occupational Health and Safety Act

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 changes to day-to-day operations of an employer to […]

GDPR: A pension trustee’s ongoing obligations

After months of preparing for GDPR, unfortunately the work does not stop now that the regulation has been implemented. Elements of the GDPR will require ongoing review and action. See our checklist below to make sure you are up to speed with your ongoing trustee GDPR obligations…

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Bank of England

Bank of England appoints CMA director of enforcement Sonya Branch as general counsel

The Bank of England (BoE) has hired Competitions and Markets Authority (CMA) director of enforcement Sonya Branch to replace Graham Nicholson, who will retire at the end of April. Branch will join the bank in mid-May from her role as CMA’s executive director of enforcement and a member of the board.  She had previously been […]

Sadanandan: Latham’s first female London managing partner

Latham & Watkins has named finance partner Jay Sadanandan as its first female London managing partner following the decision of previous incumbent Nick Cline to step down. (continues) Also on www.thelawyer.com: Cooley has advised UK shale gas business IGas Energy (IGas) on a £168m farm-out deal with Swiss company Ineos in its first high-profle closing […]

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Baker Botts scores Trowers big-hitters for Dubai office

Baker Botts has announced the hire of Trowers & Hamlins’ United Arab Emirates (UAE) head Abdullah Mutawai and head of international disputes Lucas Pitts in a boost to its Dubai offering. Mutawi joins the US firm’s corporate team, while Pitts will be a member of the firm’s international litigation practice, both in Dubai. The hires […]

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Czech and Slovak firms launch CEE network to expand regional offering

Czech firm Tomicek Legal and Slovak firm Fox Martens have teamed up to launch a regional referral network, CEE Attorneys, with the aim of expansion throughout the region. The two founding firms are planning to expand the network to the other ‘Visegrad Group’ countries – Hungary and Poland – as well as surrounding Central and […]

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