Bermuda Law Blog

24 Oct 2023

Northstar Financial and Omnia: An Important Decision Regarding Segregated Accounts in Liquidation Context

On 28 July 2023, judgment was handed down judgment in an application by the joint provisional liquidators (“JPLs”) of Northstar Financial Services (Bermuda) Ltd. and Omnia Ltd. (together the“Companies”) to resolve questions regarding the operation of segregated accounts. The use of segregated accounts in Bermuda is...

03:38 / Company & Commercial Law / Jennifer Haworth

04 Oct 2023

Arbitrating the underlying “matters” to a winding up petition: Privy Council makes seminal ruling

At the end of 2022, we foreshadowed in a prior article this seminal ruling of the Privy Council concerning the broader question whether certain underlying “matters” to a winding up petition could be made subject to arbitration in the context of a shareholder dispute. We have...

03:42 / Bermuda Government / MJM Barristers & Attorneys / Arno Duvenhage

02 Oct 2023

MJM Advises on Eurazeo Investment in BMS Group

MJM has acted as Bermuda counsel to Eurazeo on its £355 million investment in BMS Group, including a number of BMA-regulated Bermuda companies. Completion of the transaction was announced by Eurazeo on 28 September 2023. Eurazeo is a French private equity and venture capital firm listed on...

19:21 / MJM Barristers & Attorneys / MJM Limited

21 Sep 2023

The New Economic Investment Residential Certificate

In 2023, the 2021 Economic Investment Certificate and Residential Certificate policies were revised and combined to create a single policy known as the Economic Investment Residential Certificate (EIRC) Policy, which came into effective on 31 March 2023. The EIRC policy provides a pathway for non-Bermudian...

03:45 / MJM Barristers & Attorneys / Nathan Samuels

06 Sep 2023

Client Earth v Shell – New developments concerning director duties in the context of climate change objectives for corporates

There is a growing global context within which the board of directors of large corporates are starting to be challenged, both in boardrooms and in the courts, concerning company policy and execution surrounding climate change related objectives. More particularly, the most recent high-profile example is that...

03:48 / Company & Commercial Law / Arno Duvenhage

29 Aug 2023

An interview with MJM Barristers & Attorneys discussing Shipping in Bermuda

Jeremy Leese is a director of MJM Limited and head of the corporate and finance department. Jeremy’s practice focuses on corporate finance, mergers and acquisitions, ship and asset finance, banking, capital markets, project finance, international real estate finance and corporate reorganisations, as well as regulatory...

19:29 / Shipping / MJM Limited

28 Aug 2023

Newsflash: Potential Introduction of Corporate Income Tax in Bermuda

The Government of Bermuda has issued a consultation paper titled “Introduction of Corporate Income Tax in Bermuda” (“Consultation Paper”). The Consultation Paper requests feedback from the public on the proposal to change the tax regime in Bermuda. The proposal set out in the Consultation Paper...

19:54 / Miscellaneous / Jeremy Leese

05 Jul 2023

Bermuda Economic Growth and Development Strategy Released

Jason Hayward, the Minister of Economy and Labour, recently released Bermuda's economic development strategy for 2023 – 2027 (the “EDS”). The document consolidates initiatives underway to drive economic growth and investment in the country, aiming to create a more diversified economy through policies that build...

13:35 / Miscellaneous / Brian Holdipp