In response to the global Covid-19 outbreak, the Bermuda Registrar of Companies issued a notice on 20 March, 2020 in respect of Bermuda companies’ compliance obligations pursuant to the Economic Substance Act 2018 (the “Act”). All in-scope companies are still required to comply with the provisions...
We are carefully monitoring the coronavirus (COVID-19) pandemic. Our priority has been to implement steps to protect the health of our staff and their families as well as our clients while continuing to ensure that we meet our clients' needs by providing uninterrupted service. We are...
On the 21 February 2020 at the presentation of the 2020/2021 budget statement the Minister of Finance confirmed the Government’s intention to introduce a bill that will reduce the required ownership of a local Bermudian company from 60% Bermudian to 40% Bermudian, while maintaining the...
MJM advised Northern Drilling Limited on the spin-off of its fleet of two semi-submersible rigs into Northern Ocean Ltd. MJM also advised on Northern Ocean’s equity raise comprising of a private placement and a subsequent offering that raised over $100 million, the closing of an...
Leading law firm, MJM Limited, is pleased to welcome two new additions, T’Deana Spencer and Teressa Macbeth to the firm’s Dispute Resolution and Corporate & Finance teams, respectively. Bermudian, T’Deana Spencer, completed her pupillage and was called to the Bar in 2019. She has joined MJM’s...
MJM Limited is pleased to announce that its Dispute Resolution Team and Corporate & Finance Team have both been ranked BAND 2, below only one other competitor in Bermuda, in results released on 13 February 2020 by Chambers & Partners in the Chambers Global 2020...
In a recent judgment handed down by the Supreme Court of Bermuda, the Court re-affirmed the position with respect to abuse of process in winding up proceedings. In In the Matter of Full Apex (Holdings) Limited (Provisional Liquidators Appointed) [2019] SC (Bda) 87 Com...
Leading law firm, MJM Limited, is pleased to announce that Tim Molton has joined the Dispute Resolution Team as an Associate. Tim has extensive experience working with commercial clients and high net worth individuals on a wide range of matters, having particular experience in the fields...