An old adage says that the only things in life that are certain are death and taxes. We think regulatory changes can surely be added to that list. A number of regulatory updates will affect Bermuda entities this year, and we...more
4/3/2023
/ Beneficial Owner ,
Bermuda ,
Code of Conduct ,
Companies Act ,
Corporate Governance ,
Cybersecurity ,
Economic Sanctions ,
Economic Substance Doctrine ,
EU ,
FATF ,
Investment ,
Investment Companies ,
New Regulations ,
Personal Information Protection Act ,
PIPA ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
Russia ,
Sanctions ,
UK
The Bermuda Monetary Authority published the revised Operational Cyber Risk Management Code of Conduct (the “Cyber Risk Code”) for corporate service providers, trust companies, money services businesses, investment...more
2/10/2023
/ Bermuda ,
Board of Directors ,
Chief Information Security Officer (CISO) ,
Compliance ,
Corporate Governance ,
Corporate Management ,
Cybersecurity ,
Deadlines ,
Enforcement ,
Financial Institutions ,
Financial Services Industry ,
Policy Updates ,
Risk Controls ,
Risk Management
Euronext Growth Oslo has been appointed an ‘appointed stock exchange’ for the purposes of the Companies Act 1981 of Bermuda (the “Companies Act”). The order making the appointment was signed by the Minister of Finance on 7...more
In the decade since the global financial crisis, ship financing has undergone considerable change. Traditionally, debt financing with banks and equity financing were the most common methods used by shipping companies to raise...more
9/17/2021
/ Banks ,
Bermuda ,
Buyback Programs ,
Convertible Debt ,
Coronavirus/COVID-19 ,
Debt Financing ,
Equity Financing ,
Financial Institutions ,
Financial Services Industry ,
Financing ,
Lessee ,
Lessor ,
Private Equity ,
Shipping ,
SPVs
Royal Caribbean International is to homeport a cruise ship in Bermuda in the summer of 2021, which marks the first time the jurisdiction has been homeport for a major cruise line.
From 26 June through August, the Vision of...more