04/23/2020
Unprecedented Times: Practical Considerations for Directors Duties in the face of COVID-19
In turn, many businesses have experienced sharply decreased sales and, ultimately, a significant decrease in their cash-flow and operating revenue.
Legal
04/23/2020
Recent Events Affecting the Bermuda Funds Industry and Upcoming Filings
Once registered as a private fund, the operator of the fund must certify to the BMA annually that the fund continues to satisfy the qualifying criteria (participants less than 20).
04/23/2020
Trusts and insolvency - a guide
To determine whether a trust is or is not insolvent, the cash-flow test applies, namely the inability of the trustee to meet its debts as trustee as they fall due out of the trust property.
04/23/2020
The Bahamas: Trustees Pursuing Protection in Uncertain Times
Many countries have, for instance, imposed severe restrictions in pursuance of a constitutional state of emergency and in the exercise of sovereign power
04/23/2020
Cayman Islands Funds Update: Q1 2020
Following instructions received from the Cayman Islands Government regarding the ongoing threat from the COVID-19 pandemic, all Cayman government agencies, including ROC and CIMA, have implemented their business continuity plans and secured and fully test
04/23/2020
Appleby Bermuda Acted as Counsel to Matterhorn RE
Appleby advised Matterhorn Re Ltd. on all four matters.
04/23/2020
Governance amidst disruption - a run on the fund?
“These days everyone has the same data regarding the present and the same ignorance regarding the future
04/23/2020
In the Matter of the E Trust
The beneficiaries of the Trust are described in the Deed as the Discretionary Class, consisting of the Settlor/primary beneficiary, her now deceased husband and the RL.
04/22/2020
Restructuring and Corporate Recovery measures in Guernsey
Financial services firms are working remotely and there has been no business interruption, with the island's internet infrastructure seemingly able to cope with the different way of working.
04/22/2020
Appleby advises STX Entertainment on merger
The merger-of-equals transaction, which is subject to regulatory approvals and closing conditions and is expected to close in the second calendar quarter of 2020, will create a pre-eminent global media company with unique resources and capability to devel
04/22/2020
Insolvency Disputes: The Effect of Failing to Challenge a Statutory Demand
Before turning to the decision in Walton, it is helpful to note the key authorities that are relevant to this issue.
04/22/2020
Annual General Meetings and Social Distancing Restrictions in Asia
Various countries around the world have imposed social distancing restrictions in order to prevent the spread of the COVID-19 epidemic.
04/22/2020
Employers In Crisis: What Are Your Options?
This note sets out a few practical options for you to consider, outlining the position as at 16 April 2020.
04/22/2020
Changes to Pensions Law to be made this week
This will not be restricted to unemployed persons.
04/21/2020
Unexplained Wealth Orders discharged by English High Court
Update prepared by Christopher Edwards (Partner, Guernsey) and Jeremy Bell-Connell (Associate, Guernsey)
04/21/2020
Not long for this world: Estate and succession planning in the Cayman Islands
Discussing incapacitation and death is not run-of-the-mill dinner table conversation.
04/21/2020
New book! ‘Guernsey Trust Law’ by Tony Pursall and Matthew Guthrie
Where there is no clear Guernsey authority on a particular point of law it gives a reasoned view, drawing on relevant legal principles, together with a broad assessment of the confidence of which the authors hold that view.
04/21/2020
Collas Crill Guidng You Through... Getting a Foreign Insolvency Officeholder Recognised in Jersey
The capacity and power of a foreign officeholder will be derived from the laws of the jurisdiction of the foreign officeholder's appointment
04/21/2020
Conyers represents Carnival in the completion of its US$6 billion financing in the face of COVID-19 challenges
It closed on 8 April 2020, having been completed in a tight timeframe and with most involved working remotely.
04/21/2020
Restructuring and Corporate Recovery measures in BVI – April 2020
Financial services firms are working remotely and there has been no interruption to business continuity for the sector.