The economic substance regime has now been in place for four years. As such, there have now been three cycles of annual economic substance declaration (“Declaration”) filings made with the Registrar of Companies by entities in scope of the economic substance requirements. The information collected...
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...
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...
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...
PMC and VNL [2022] SC (Bda) 45 Civ This case involved an application by a father (“F”) for the return of his daughter (“C”) from Texas, USA to Bermuda. The case was heard by Mussenden J in the Supreme Court on 7 June 2022 with judgment...
As lawyers with a keen eye on human rights and family law, we have followed with interest the various cases involving same-sex partnerships and marriages in Bermuda. Our Director, Jennifer Haworth reported on the Bermuda Bred Company v The Minister of Home Affairs and the...
By Dan Griffin and Jennifer Haworth Last year, we noted that the Court of Appeal limited the scope of discovery required to determine the valuation of shares in amalgamating or merging companies in Bermuda. This year, in the same case, the Supreme Court refused an application...
By Jennifer Haworth and Dan Griffin The UK Supreme Court delivered the much anticipated BTI 2014 LLC v Sequana SA [2022] UKSC 25 decision in October 2022, clarifying the duty of company directors to creditors when facing insolvency. Given that there is no directly equivalent authority...