Monthly Archives: December 2013

As another successful year comes to a close, MJM, the recipient of several prominent global awards this year, has much to look forward to in 2014.

cfi.co 2013 » BEST CORPORATE & COMMERCIAL TEAM, BERMIDAAmong the prestigious recognitions our firm received is Best Corporate and Commercial Team, Bermuda 2013 by Capital Finance International. MJM was chosen based on our high level of personal attention and ability to cover all aspects of client requirements, as distinguished by comments and endorsements from clients and lawyers in several jurisdictions. Read More «»

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The eagerly awaited for Appendices to the SAGE Final Report have now been released to the public and are available online on the Bermuda Government website.

Although the Chairman of the SAGE Commission produced the 140-page SAGE Commission Final Report on 31 October 2013, the reportedly 10,000-page-long Appendices to the Report were being reviewed by Government to ensure that no confidential or sensitive information used by the SAGE Commission was released.

To read more about the SAGE Commission Final Report, see this earlier Post.

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There have been a number of developments in immigration laws and policies this year which have and will impact international and local businesses in Bermuda.

The Incentives for Job Makers Act 2011(59 KB PDF) came into force in 2012 which introduced changes to the Economic Development Act 1968 (“the EDA Act”) and the Bermuda Immigration and Protection Act 1956 (“the Immigration Act”). Essentially, under these amendments, a qualifying company is able to apply for section 3(B)(2) designation under the EDA Act. If granted such designation, the company is able to make application(s) under section 5 of the EDA Act whereby senior executives can obtain exemptions from work permit requirements as set out in the Immigration Act. Thereafter, if various requirements and qualifications are met by the company and senior executive, the senior executive can apply for a permanent residency certificate under the Immigration Act. Read More »

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SAGE Commission [report cover]The SAGE Commission

The Spending and Government Efficiency Commission (the “SAGE Commission”), an election platform item for the One Bermuda Alliance (“OBA”), was created in the first quarter of 2013 following on from Bermuda’s national election last year in which the OBA emerged as the new governing party. The OBA had indicated during their election campaign that if they were successful, one of their early objectives would be to establish the SAGE Commission with a view to making the Bermuda Government more efficient, cost effective and transparent in light of the economic challenges currently being faced. Read More »

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The first Mid-Year Meeting to be held in Bermuda of Insuralex, a worldwide network of independent insurance and reinsurance lawyers, drew a large crowd of over 120 attendees to its recent seminar, of which 37 people were from overseas (representing over 12 countries!). MJM Limited is the Bermuda member of Insuralex and hosted the group this month.

The guest speakers at the seminar at XL conference centre, addressing the audience on Aggregation in the Reinsurance Context and the Insurability of Fines and Penalties, were from London’s Devereux Chambers, with whom MJM Limited has strong links. Speakers included: Colin Wynter, QC, Chambers & Partners Insurance Silk of the year 2012; Richard Harrison, Leading Insurance Junior; and Andrew Burns, Leading Insurance Junior and co-author of the Law of Reinsurance with Colin Edelman QC, published by Oxford Press.

View Insuralex Mid-Year Meeting Seminar podcast

MJM hosts Insuralex Global Insurance Lawyers Group in Bermuda Read More »

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