Commercial Law Archives - Page 3 of 3

11 Jul 2016

Bermuda LLCs on the Way

Legislation was recently put before Parliament to introduce Bermuda’s newest form of commercial vehicle: the limited liability company (“LLC”). The new law establishing the Bermuda LLC is heavily (and intentionally) influenced by the Delaware Limited Liability Company Act to accommodate the main efficiencies of a Delaware LLC.

02 Dec 2014

Can a Registered Office Resign?

In the case of Abu Dhabi Commercial Bank PJSC v Algosaibi Trading Services Limited [2014] SC (Bda) 71 Com (12 September 2014), the Chief Justice delivered an ex tempore judgment which clarified what the position is when a registered office purports to resign. It confirmed the traditional view held by many commercial practitioners that section 62(3) of the Companies’ Act 1981 (the “Act”) means that when a registered office has not been changed with the Registrar of Companies (“ROC”), the last known registered office remains the effective office for service.

21:25 / Bermuda Case Law & Legislation / Commercial Law / Jennifer Haworth

01 Dec 2014

Meeting matters: The Chairman’s power of adjournment

The recent Bermuda case of Oung James v Paladin Ltd [2014] SC (Bda) 67 Com considered the procedural validity of an adjournment of a Special General Meeting (the “Meeting”) by the exercise of the Chairman’s general power to conduct the meeting.

15:51 / Bermuda Case Law & Legislation / Commercial Law / Jessica Kemmenoe