Offshore Case Digest: issue 8

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Related briefings

Bermuda to Oslo – Still an attractive route to growth?

By Guy Cooper The last five years have seen several shipping and shipping-related companies incorporate in Bermuda and go on to list on the Oslo Stock Exchange. A key step along the route for a number of them has been the use of the Norwegian over-the-counter market as a fast-track way to access fresh capital. Avance […]

BVI approved Manager Regime

By Robert J.D. Briant The British Virgin Islands is recognised as a well-established and innovative fund domicile, ideally suited to attract new or start-up investment fund managers. Key initiatives on this front, implemented by the Financial Services Commission (“FSC”), have been instrumental including the Approved Manager regime, which reduces the costly and complex regulatory burden on […]

How private wealth is taxed in Bermuda

By Alec Anderson, Helen E. Cooper, Davina Hargun In Bermuda there is no income or profits tax, withholding tax, capital gains tax, capital transfer tax or inheritance tax. There is no exit or similar such tax based on a resident’s wealth when ceasing to be resident and there are no other consequences of leaving the jurisdiction. […]

Setting up an office in Bermuda

Now that you have incorporated in Bermuda or established your Bermuda trust, the next step is to set up an office on the island. There are many factors to take into account, including: Employment considerations (immigration, contracts) Employer responsibilities (payroll tax, social, insurance, pensions, health insurance) Premises and residential accommodation Moving family and household Employment […]

Latest Briefings

Reform of the Community Infrastructure Levy

By Katherine Evans In March we reported on the government’s consultation on the reform of the current system of developer contributions. The government’s response to the consultation, released at the end of October, confirms that change is on the horizon. The key themes of the consultation were centred around a desire to make the system simpler and more […]

Court of Appeal rules on ATM rates

By Şenay Nihat Since 2013, retailers have had to pay non-domestic rates (‘Business Rates’) for automated teller machines (ATMs) built into the front of stores, rather than treating the ATMs as part of the store’s overall rating for valuation purposes. The Business Rates bill for the ATM was backdated to 2010, hitting retailers with significant […]

Proposed ban on flammable cladding – An update

By Adrian Mansbridge Following Dame Hackitt’s Review of the Building Regulations and Fire Safety the government announced that it would consult on banning flammable cladding. The consultation closed on 14 August 2018 and the housing secretary announced at the Conservative Party Conference that the ban would be brought forward.

Minister of Health, Welfare and Sport improves contracting process for healthcare

By Frank John Vrolijk, Aurélie Mingels On 9 November 2018, the Minister of Health, Welfare and Sport (VWS) informed the House of Representatives about the developments regarding the contracting process for care provision. The minister expresses his displeasure at the growth in the supply of non-contracted care in GGZ care and district nursing where this is […]

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AstraZeneca strikes drug discovery collaboration deal with Orca Pharmaceuticals

Wragge Lawrence Graham & Co life sciences experts have advised long-standing client AstraZeneca on a three-year drug discovery collaboration agreement with Orca Pharmaceuticals. The agreement will give AstraZeneca access to inhibitors of acid-related orphan nuclear receptor gamma (RORg) developed by Orca Pharmaceuticals with the potential to treat a range of autoimmune disorders. The collaboration combines the scientific […]

Blow for Law Society as High Court throws out judicial review into legal aid

Today’s High Court decision to uphold the Lord Chancellor’s criminal legal aid reforms following a judicial review is disappointing news for the Law Society, which has vowed to take its fight against criminal legal aid cuts to the Court of Appeal. Law Society president Andrew Caplen said the judgment had a “concerning potential effect upon […]

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Law Society

Law Society instructs Kingsley Napley to launch JR of 600% court fee hikes

The Law Society has instructed Kingsley Napley to bring legal action against the Government over court fee hikes that it claims are “tantamount to selling justice”. The body has launched proceedings for a judicial review to challenge ministers’ plans to raise court fees by up to 600 per cent for claimants using the civil, family […]

SEB Trygg wins Swedish appeal court battle with help from Eversheds

Svea Court of Appeal has ordered Svensk Vårdförmedling to pay around £400,000 to SEB Trygg Liv, represented by attorneys Magnus Andrén and Hans Forssell of Eversheds Stockholm. In doing so the court quashed the judgement of the Stockholm District Court, which had found in favour of Vårdförmedling. The dispute concerned the premature termination by SEB […]

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