Registering security granted by exempted companies and partnerships in Bermuda

With defaults and insolvencies on the rise due to difficult trading conditions caused by, amongst other things, the global pandemic, lenders and secured parties (a “Secured Party”) should ensure the security they hold over interests in exempted companies and partnerships incorporated or registered in Bermuda, and/or their assets, has been registered in Bermuda to ensure the priority such security is supposed to have.

Related briefings

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.

Cayman Islands AML country update

In the Cayman Islands AML Country Update, Partner Matthew Stocker and Associate Zeppi Barefoot provide an outline of the Cayman Islands Anti-Money Laundering regime.

Latest Briefings

What does the Budget 2021 mean for residential property?

As anticipated, the Chancellor in his 2021 Budget has extended the current Stamp Duty Land Tax (SDLT) holiday and has also introduced additional measures in the hope of boosting the property market. Our Residential Property team provide an overview.

How voice-based document production helps your firm win more business

Throughout the lifecycle management of a client, a great deal of correspondence and documentation is produced. This briefing explains how a speech-to-text document production process can transform client responsiveness and help the firm win more business.

The advantages of Freeports examined following Budget 2021

Businesses operating Freeports will benefit from more generous tax reliefs, customs benefits and wider government support, bringing investment, trade and jobs, but what exactly are the advantages businesses can expect to gain from operating in a Freeport?

Budget 2021: The employment implications

Rishi Sunak has announced the much-awaited budget for 2021 hailing protection for the “jobs and livelihoods of the British people”. Outlined below are the key elements impacting employers and their wider workforce.

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Orrick phases in Covid-19 hardship fund

Orrick Herrington & Sutcliffe has put together a hardship fund for its global staff to tap into during the pandemic. The initiative is aimed at staff earning less than $150,000 (and local equivalents) and allows them to apply for salary advances of varying amounts if they are struggling financially. The advances come in tranches of […]

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Norton Rose Fulbright hands out one-off bonus to Flex staff

Norton Rose Fulbright is partially reimbursing its employees across Europe, Middle East and Asia (EMEA), who opted in to work a four-day week as part of the firm’s Flex scheme. The firm has said it will pay 50 per cent of the salary that was exchanged for reduced working hours under the voluntary scheme. A […]

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Clifford Chance strikes rare lateral hire from Macfarlanes

Clifford Chance has hired its first City lateral of the year, bringing in a financial regulatory partner from Macfarlanes. The magic circle firm has hired London partner Paul Ellison, who will join the firm in May to focus on funds-related work. Ellison has been a financial regulatory partner at Macfarlanes for more than 16 years. […]

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