The recent Bermuda case of Oung James v Paladin Ltd  SC (Bda) 67 Com considered the procedural validity of an adjournment of a Special General Meeting (the “Meeting”) by the exercise of the Chairman’s general power to conduct the meeting.
Changes in Bermuda’s Anti-Money Laundering and Terrorist Financing (“AML/ATF”) Legislation will be addressed in Parliament in order to bring the technical components into compliance with the 2012 Revised Financial Action Task Force (“FATF”) 40 recommendations (the “Recommendations”).
What is the difference between a local and exempted Company in Bermuda?
At the time of incorporation, a Bermuda company must be registered either as a local or exempted company. A local company is one that is incorporated by Bermudians to trade primarily in Bermuda. An exempted company is one that is incorporated by non-Bermudians for the purpose of conducting business outside Bermuda.
On July 10, 2014, the Centre for Justice presented a conference entitled “Justice Today: Human Rights Since Emancipation” which commemorated the 180 years that have passed since Emancipation in Bermuda.
The conference was organized as part of the Centre’s mandate to promote education in the areas of human rights, civil liberties and administration of justice and to foster civic engagement.