Bermuda Law Blog

15 Mar 2019

Jeremy Leese

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.

14:17 / Bermuda Government / Company & Commercial Law / Legislation
20 Feb 2019

MJM Limited is pleased to announce that its Dispute Resolution Team is once more Ranked BAND 1, alongside only one other competitor in Bermuda, in results released today by Chambers & Partners in the Chambers Global 2019 rankings.

Chambers reported that MJM Limited is a top-tier well-established Bermudian independent firm, well regarded for its breadth and quality of expertise.

17:08 / Company & Commercial Law / Litigation & Dispute Resolution / Miscellaneous / MJM Barristers & Attorneys
18 Dec 2018

Jeremy Leese

The Economic Substance Act 2018 (the “Economic Substance Act”) was tabled on 7 December 2018 and, following revisions, again on 17 December 2018.

Background

In November 2017, the Government of Bermuda made a commitment to the Code of Conduct Group (Business Taxation) (the “COCG”) of the Council of the EU to address concerns relating to economic substance. Bermuda agreed to pass legislation to implement any appropriate changes by 31 December 2018 to avoid being put on an EU list of non-cooperative tax jurisdictions.

23:17 / Bermuda Government / Commercial Law / Company & Commercial Law / Insurance / Legislation
12 Dec 2018

MJM Limited is pleased to announce that Senior Associates, Jennifer Haworth and Jeremy Leese will be promoted to Directors of the firm effective 1 January 2019.

The newly promoted Directors have extensive combined legal experience, in Bermuda and globally. Both Jeremy and Jennifer have been at MJM for over six years, making strong contributions to their respective practice areas of dispute resolution and corporate respectively, and to the overall growth of the firm.

15:01 / MJM Barristers & Attorneys
12 Dec 2018

Denis de Frias

On 3 December 2018, the Department of Planning released the Draft Bermuda Plan 2018 (the “Draft Plan”), which became operational on the same date. The Draft Plan details the land use zonings and policies, which the Department of Planning uses to review and assess planning...

12:00 / Uncategorized
11 Dec 2018

Andrew A. Martin

The fundamental principles of the law of meetings are sometimes over-looked in the modern climate of unanimous written shareholder resolutions, comprehensive retrospective ratifications, and the liberal application of the “Duomatic principle”. The decision in East Asia Company Limited -v- PT Satria Tirtatama Energindo in the Bermuda Court of Appeal provides a salutary reminder that the devil is always in the details.

23:22 / Bermuda Case Law & Legislation / Commercial Law / Company & Commercial Law
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