Bermuda Data Protection Mini-Guide – Part 1
Data protection law in Bermuda is currently comprised of a complex set of sectoral law, regulator guidance and common law precedents established by the Bermuda courts.
Data protection law in Bermuda is currently comprised of a complex set of sectoral law, regulator guidance and common law precedents established by the Bermuda courts.
Stephanie P. Sanderson, Partner, authored the Bermuda chapter of Getting the Deal Through 2019 edition of Public M&A which is available in print, as an e-book, and online. This specialist publication covers M&A transactional requirements and procedures governing publicly listed companies, covering such areas as: types of business combinations, applicable legislation, filings and public disclosure requirements, substantial shareholding regulations, duties of directors and controlling shareholders, shareholder rights of approval and appraisal, and hostile transactions, among other key topics.
Tillman v Egon Zehnder Ltd: The English Supreme Court re-examines the enforcement of restrictive covenants – in favour of employers.
Stephanie P. Sanderson writes for HFM Global and reflects on Bermuda’s success in nurturing the development of fintech-related business as well as the importance of anti-money laundering, counter-terrorist financing, and cyber-security measures:
“We are seeing fintech increasingly change the financial services industry – including the banking, insurance and asset management sectors.”
In 2018, Bermuda put in place a specialised legal and regulatory framework to give fintech business stability and certainty. The jurisdiction saw the introduction of Initial Coin Offering (ICO) and digital asset business legislation as well as incentives established by the Bermuda Monetary Authority (BMA) specifically to encourage fintech and insurtech growth and open innovation.
Stephanie Sanderson, Partner and Head of Technology & Innovation, discusses how the regulatory framework in Bermuda is encouraging the Fintech sector in a Royal Gazette article:
Many fintech entrepreneurs are interested in having a presence in Bermuda, according to a lawyer who is advising them. Stephanie Sanderson, a partner and head of technology and innovation at BeesMont Law, is crediting the regulatory framework set up by legislation this year for attracting the business. “The Digital Asset Business Act 2018 legislation represents another significant and substantial step forward in the fintech sector, indicating that Bermuda is indeed executing its plan to become a global leader in the fintech industry,” Ms Sanderson said.
Stephanie P. Sanderson, Partner, authored the Bermuda chapter of Getting the Deal Through 2018 edition of Public M&A which is available in print, as an e-book, and online. This specialist publication covers M&A transactional requirements and procedures governing publicly listed companies, covering such areas as: types of business combinations, applicable legislation, filings and public disclosure requirements, substantial shareholding regulations, duties of directors and controlling shareholders, shareholder rights of approval and appraisal, hostile transactions, among other key topics.
In an article published in the Captive Insurance Times (Issue 154), Stephanie P. Sanderson explains why Bermuda is a natural choice to lead global insurtech developments and innovation, and provides an overview of the Bermuda insurtech sandbox and innovation hub.
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.
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.
Stephanie P. Sanderson identifies the nuances of the incoming Personal Information Protection Act in relation to the GDPR (EU) and the similarities between the privacy and data protection regimes, in an article published in the HFM Global Bermuda Report 2018.