By Arno Duvenhage and Jennifer Haworth The recent judgment of the Bermuda Court of Appeal in The Hongkong and Shanghai Banking Corporation Limited v NewOcean Energy Holdings Limited [2022] CA (Bda) 16 Civ, illustrates an ongoing tug of war in Bermuda when interpreting and applying the principles...
By Stephanie Maloney and Magdalena Grzybulska Sanctions aimed at Russia have been in place since 2014, following its annexation of Crimea and ongoing role in the destabilisation of eastern Ukraine. Sanctions were imposed in a coordinated move by the EU (of which the UK was a...
Equity Trust (Jersey) Ltd (Respondent) v Halabi (in his capacity as Executor of the Estate of the late Madam Intisar Nouri) (Appellant) (Jersey) ITG Ltd and others (Respondents) v Fort Trustees Ltd and another (Appellants) (Guernsey) - Privy Council Appeal No 0199 of 2019 On 13...
Bermuda was removed from the European Union (“EU”) list of non-cooperative tax jurisdictions at the 17th May, 2019 meeting of the Economic and Financial Affairs Council (“ECOFIN”). Bermuda's commitment to implement tax good governance was confirmed in ECOFIN's official statement, which recognised that Bermuda has...
Since the publication of the draft 2015 Amendment Bill in late December, the Bill passed into legislation with no changes to the substantive provisions proposed in the Bill: however, in order to remove the confusion that might arise if the provisions requiring the registration...