Trusts: The devil is in the detail

For trustees and those operating in the private wealth sector, it is likely that recent events will accelerate and exacerbate existing challenges and trends. As such, there is no better time to review governing documents, corporate governance procedures and succession planning to ensure that they are fit for purpose.

Related briefings

BMA proposes internationally active insurance group concept for Bermuda

In December 2020, as part of its review to update Bermuda’s commercial insurance regime, the Bermuda Monetary Authority issued a consultation paper proposing the introduction of an Internationally Active Insurance Group concept to meet the principles and standards of the International Association of Insurance Supervisors’ Common Framework.

Insurance Bulletin Spring 2021

Although the full impact of Covid-19 on the re/insurance industry remains unclear, the need to retain capital to meet potential losses has contributed to a general hardening of the market after 15 years of soft market conditions characterised by excess capacity, low prices and more relaxed policy terms.

Private Client Bulletin – April 2021

The fourth edition of Private Client Bulletin brings you the latest private client and trust news and insights from Bermuda, the Cayman Islands, BVI and Asia.

Cayman Islands private client legislative update

It’s trite to say that 2020 was a year marked by change. Having being bombarded with a variety of unsolicited adjustments to our daily lives, we could be forgiven for having developed a collective fear of change over the last 12 months. Fortunately, the legislative changes affecting Cayman Islands’ trust and private wealth practitioners do not align with the general trend of 2020. On the contrary, the pace and direction of change has been much more palatable as legislators have continued with the incremental modernisation of the Cayman Islands’ trusts law and related legislation.

Latest Briefings

Irish regulation in focus: Culture and individual accountability

Increasingly, there is a focus on culture and individual accountability in regulated firms. This has been heightened by various consumer protection issues which have been investigated including the tracker mortgage examination; high profile enforcement actions and the recent engagement with insurers on business interruption cover during COVID-19. Consistently, the Central Bank of Ireland (“Central Bank”) […]

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Knole Kent

National Trust GC takes on wider remit after Covid restructure

The National Trust’s general counsel has taken on a wider remit as the Trust looks to return to its former strength, having been severely hit by Covid-19. GC and secretary Jan Lasik will now also serve as secretary and oversee the legal and governance teams, which have been brought together as one. As GC and […]

zoom meetings internal

Dentons to tackle Zoom fatigue with “no internal meetings” day

Dentons is to introduce a “no internal meetings” policy one day per week, under the firm’s new agile working plans. To avoid fatigue stemming out of long hours on video calls, wherever possible meetings will have to be scheduled for 50 minutes and 20 minutes, rather than 60 and 30 to allow flexibility. It is […]

counting money

Ince replaces Barclays facility with new £17m agreement

The Ince Group has taken on a new £17m financing facility with Investec Bank that will replace a previous arrangement with Barclays. On 26 March, the listed firm brought an end to its agreement with Barclays, which included the remaining £4.2m of a term loan and £6.5m revolving credit facility. The new arrangement includes a […]

Introducing Signal, the latest innovation from The Lawyer

In-depth strategic insight and benchmarking of your markets, clients and competitors. Exclusive to subscribers. Four subscription channels to choose from. Coming early April 2021. To learn more about Signal and the upcoming content on the four subscription channels, click here.

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