12/02/2019
Harneys wins five awards at BVI Financial Services Gala
The Gala was held in celebration of the 35th anniversary of the BVI International Business Companies Act.
Legal
12/02/2019
Strong demand for Special Purpose Acquisition Companies continues
SPAC offerings are structured as sales of “units” comprising common equity and derivative securities (usually warrants exercisable following a business combination and/or “rights” that convert into shares on a business combination)
12/02/2019
Effectiveness of Anti Bartlett Clauses Confirmed
The claimants, which included Zhang and Ji, brought claims in the Hong Kong High Court against the Director for breach of director's duty and against the Trustees for breach of trust in respect of the losses sustained by the Trust.
12/02/2019
Shortlisted for Offshore Firm of the Year
A nomination like this is testament to how well we operate as one firm across markets and practice areas, something that is pivotal to our success and growth.
12/02/2019
Vneshprombank: A lavish lifestyle is no bar to exception
The Commercial Court Judge allowed Mr Bedzhamov to spend £80,000 per month on living expenses.
12/02/2019
Cyprus Bar Association’s requirement for annual compliance report
From now on, all compliance officers of obliged entities which are regulated by the Cyprus Bar Association have a duty to electronically submit an annual compliance report
12/02/2019
Ferbrache & Farrell in the running for The Legal 500 Offshore Firm of The Year award
Ferbrache and Farrell is one of seven law firms shortlisted for the award, alongside Cains Advocates, Carey Olsen, Collas Crill, Dickinson Gleeson, Mourant and Ogier.
12/02/2019
Guernsey’s new economic substance requirements - application to the insurance industry
This briefing note focuses on the application of Guernsey's economic substance requirements to the insurance industry, taking into account the latest developments in guidance and legislation, and covering: what is in scope; in-scope companies; CIGAs;
11/28/2019
Bermuda Monetary Authority Forms View on Cannabis Related Risk
The Notice outlines the BMA’s favourable view towards such licencing.
11/28/2019
Carey Olsen shortlisted for Offshore Firm of the Year at Legal 500 UK Awards 2020
The 2020 awards, which take place on Thursday 27 February in London
11/28/2019
The double-edged sword of beneficiary consultation
Carey Olsen partner Bernadette Carey and counsel Chris Duncan considered how recent decisions of the Cayman Islands courts offer some helpful guidance in this regard.
11/28/2019
Appleby Advised T&D Holdings on USD 1.8 Billion Joint Acquisition with Carlyle Group of AIG's Fortitude Re
Appleby advised T&D Holdings on all Bermuda law issues relating to the purchase of a 25% stake in Fortitude Re.
11/28/2019
Jersey economic substance requirements - the company perspective
The Crown Dependencies issued joint Guidance Notes on aspects of the substance requirements on 26 April 2019 and were updated on 22 November 2019.
11/26/2019
Updated economic substance requirements for Jersey fund managers
It is common for fund managers to outsource activities to other entities
11/25/2019
Legal 500 recognises top-tier expertise of Conyers lawyers in Bermuda
The firm is the only Bermuda firm ranked Tier 1 for Dispute Resolution.
11/25/2019
BMA Releases Guidance on Outsourcing
Following the release of the Guidance Notes RLEs should now have a much clearer understanding of the expectations that the BMA has regarding outsourcing relationships
11/25/2019
Cayman Islands Court of Appeal clarifies construction of arbitration clauses
Following an injury suffered by one of the employees of the Bank, the employee brought an action against it
11/25/2019
Trustees relieved of high level duty to supervise
Wise Lords had suffered huge losses resulting from investments instigated by its investment advisor (who was also one of the settlors of the trust).
11/25/2019
"Quincecare” duty arguable in $900m corruption case
The bank applied for summary judgment on the grounds that the terms of the Depository Agreement prevented the implication of the Quincecare duty.
11/25/2019
Conyers advises Drakewood Capital Management
Director Elizabeth Denman of Conyers’ Bermuda office and Counsel Sheba Raza of Conyers’ London office advised on this matter.