News

7Aug2018

BeesMont authors Bermuda Chapter of Getting The Deal Through: Corporate Governance

BeesMont Law attorneys – Stephanie P. Sanderson, Kit Cunningham, and Kimonea Pitt – have authored the Bermuda chapter of Getting the Deal Through: Corporate Governance (17th Edition). The 2018 edition of Corporate Governance is available in print, as an e-book and online. The publication provides a summary of the pertinent aspects of company law and corporate governance practices worldwide touching upon: sources of governance rules and practice, government agencies and shareholder activism, rights of shareholders, voting rights and requirements, shareholders’ duties and liability, anti-takeover devices, standards of care of directors, as well as various other important corporate governance matters.

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12Jul2018

Bermuda Initial Coin Offering (ICO) Legislation

Bermuda is quickly becoming a world leader in the financial technology (Fintech) sector by putting into place a bespoke Fintech legislative and regulatory regime. Bermuda’s first major move from a legal standpoint is the implementation of legislation that governs Initial Coin Offerings (ICOs). Bermuda has successfully launched the world’s most progressive ICO legislation in the form of the Companies and Limited Liability Company (Initial Coin Offering) Amendment Act 2018 which came into effect on 9 July, 2018 and the Companies (Initial Coin Offering) Regulations 2018 and Limited Liability Company (Initial Coin Offering) Regulations 2018 which came into effect on 10 July, 2018.

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16May2018

CRS Nil Return Filings Now Required in Bermuda

The Government of Bermuda has amended the Bermuda Common Reporting Standard (CRS) Regulations to make nil return filings mandatory for Reporting Financial Institutions that maintained no Reportable Accounts during the applicable calendar year. The deadline for filing CRS reports for the 2017 reporting year is 31st May, 2018. However, the Ministry of Finance has confirmed that (for this reporting year) nil filings should be submitted by 1st August, 2018 to avoid penalties or sanctions.

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10May2018

Bermuda Is Set to Be Global Leader in Fintech

Virtual currency, initial coin offerings, and blockchain are at the forefront of the newest emerging financial industry: Fintech. With its size and ample industry expertise, Bermuda is uniquely positioned to spearhead the implementation of a regulatory structure that effectively balances the innovative drive of the Fintech industry and compliance with prudential international legal and regulatory standards. The Government of Bermuda has announced various developments as Bermuda quickly becomes the global leader in the Fintech industry. This article provides a summary of these developments.

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19Oct2017

BeesMont Law Provides Sponsorship to Centre on Philanthropy

BeesMont Law is sponsoring the Centre on Philanthropy’s new website which will benefit the Centre on Philanthropy’s members, donors and volunteers. The firm is pleased to be able to support such a worthy organisation which supports and provides invaluable services to Bermuda’s Third Sector.

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16Oct2017

Stephanie P. Sanderson named as a Rising Star by Bermuda Re+ILS featuring the Next Generation of Leaders

Stephanie P. Sanderson, Corporate Partner, has been named as a Rising Star by Bermuda Re+ILS in Bermuda’s Rising Stars: The next generation of leaders for her work in international tax transparency, regulatory and compliance as well as investment funds related to risk transfer structures and insurance-linked securities (ILS). Rising Stars are featured by the publication as future leaders of their companies and the industry as a whole.

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