The Economic Substance Act 2018 (the “Economic Substance Act”) was established in direct response to concerns raised by the Council of the European Union concerning the absence of economic substance requirements for entities conducting business in and through Bermuda. Since the introduction of the Economic Substance...
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...
MJM Limited was pleased to once again work as a partner with Age Concern to provide the annual Wills & Estate Planning Legal Clinic to members of Age Concern. The event has been supported by the firm for over ten years and involves members of the MJM team...
Leading law firm, MJM Limited, is pleased to announce that Bermudian, Adenike Carmichael has joined as Client Relationship Manager in the firm’s Dispute Resolution Team.
It is that time of year again when the ever popular AXA End-to-End kicks off. In its 32nd year, this year’s event promises to be a super fun and exciting event. On Saturday, 4 May 2019, participants walk, ride, row, paddle or swim their way along from one...
It is a general basic principle of company law that each company within a group of companies (even those owned and controlled by a parent or intermediate holding company) are separate legal entities. They cannot be lumped together for legal purposes, even if the holding...
Recently, Bermuda was placed on the European Union’s list of non-cooperative jurisdictions for tax purposes. It is the Bermuda Government’s view that the jurisdiction is compliant with EU’s economic substance requirements by way of the Economic Substance Act 2018 and the Economic Substance Regulations 2018 passed into law last December, with all necessary amendments to address EU concerns having been completed before the decision was taken.