Bermuda Law Blog

30 Mar 2023

MJM Featured Partner of Island Life Magazine

MJM Limited's property team is a proud featured partner of Rego Sotheby's International Realty publication: Island Life Magazine, a guide to relocating and living in Bermuda (pages 28-29).Our property experts Denis de Frias, Hil de Frias, Nathan Samuels and Stephanie Matthews provide full service legal solutions in support of purchasing your dream home...

20:38 / Property Law / MJM Limited

28 Mar 2023

EIC Policy Changes may lead to Revival of Bermuda’s Condo Market

Whilst lawyers and accountants swiftly took to their spreadsheets to re-calculate various fees and stamp duties following a number of increases announced with this year’s budget, the real estate community – both agents and legal practitioners, welcomed a positive amendment to the Economic Investment Certificate...

21:20 / Miscellaneous / Stephanie Matthews

15 Mar 2023

“Faultless divorce” confirmed in Bermuda!

Faultless divorce, as explained by MJM’s Senior Associate Nicole Cavanagh in our December 2022 publication, has found its way to our shores. On 14th March 2023, the Minister of Legal Affairs and Constitutional Reform brought into effect the Matrimonial Causes (Faultless Divorce) Amendment Act 2022 and...

14:06 / Family Law / Nicole Cavanagh

22 Feb 2023

Economic Substance Update – Non-resident Entities

The Registrar of Companies has issued notice that with effect from 30 January 2023, the Economic Substance Guidance Notes (the “Guidance Notes”) have been revised to implement guidance issued by the OECD Forum on Harmful Tax Practices in relation to entities making a claim to...

15:47 / Company & Commercial Law / Brian Holdipp

22 Feb 2023

Bermuda Budget 2023/2024

Introduction The 2023/2024 Budget statement was delivered by the Bermuda Premier and Minister of Finance, The Hon. E. David Burt, JP, MP, in the House of Assembly on Friday 17 February 2023. According to the Premier, also speaking at the Chamber of Commerce’s annual Budget Breakfast event...

15:26 / Company & Commercial Law / Mark Adams

21 Dec 2022

Former Chief Justice Appointed to the Court of Appeal

Former Chief Justice of the Bermuda Supreme Court, Ian Kawaley was appointed to Bermuda’s Court of Appeal by Governor, Rena Lalgie, with the appointment to take effect in January 2023. Mr Justice Kawaley served as the Chief Justice from 2012 to 2018. He has been an...

10:16 / Litigation & Dispute Resolution / MJM Barristers & Attorneys / Jennifer Haworth

21 Dec 2022

Markel CATCo Reinsurance: Good reminder of Bermuda`s effective and versatile scheme of arrangement

As the sun sets on 2022, a judgment of the Supreme Court for Bermuda delivered on 25 February 2022: In the matter of Markel CATCo Reinsurance Fund Limited and CATCo Reinsurance Opportunities Fund Limited, serves as a good reminder of the efficacy and versatility of...

04:03 / Bermuda Case Law & Legislation / Litigation & Dispute Resolution / MJM Barristers & Attorneys / Arno Duvenhage

20 Dec 2022

MJM Representing Variable Class Representatives in Northstar Segregation Case

In 2020, winding up proceedings were issued in the Bermuda courts regarding Northstar Financial Services (Bermuda) Ltd (“Northstar”) and Omnia Ltd. Shortly therefor In a decision of the Supreme Court dated 26 August 2021, the Chief Justice, after reviewing the opinion of overseas counsel for...

22:41 / Commercial Law / Company & Commercial Law / MJM Barristers & Attorneys / Jennifer Haworth