15Sep2023

2023 Privacy Guidance

Our Counsel, Governance & Privacy Gretchen Tucker  has recently authored a 2023 Guide providing an overview of the activities of the Government of Bermuda and the Privacy Commissioner, Mr. Alexander McD White. The Guide summarises some of the key initiatives of the Office of the Privacy Commissioner (PrivCom) during 2023 and informs Bermuda organisations (and overseas companies interested in establishing a Bermuda office) on privacy developments and industry engagement during this “new normal” era.

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7Jul2023

BeesMont Law Limited announces recent appointments and promotions

Speaking on investing in human talent, Managing Partner Sharon Beesley said:
“At BeesMont Law, we recognise that an important driver of our success is our people. The pandemic has served to re-focus our attention on the need to demonstrate the value we place on our staff and that this value extends beyond financial profits, and attaches to our core values – ethics, professionalism and acknowledgement of the inherent worth of individuals as human beings. As a hybrid
law firm where attorneys regularly work remotely and administrative staff operate independently, there is considerable merit in recognising talent for being accountable and espousing our values. When we put these values into practice, our client-focused advisory business thrives and so does our culture. I want to congratulate all of those appointed and promoted at BeesMont Law and thank them for their dedication to our organisation and their teamwork.”

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29Mar2023

BERMUDA INVESTMENT BUSINESS ACT – RECENT DEVELOPMENTS

Our Investment Business Memorandum reviews the 2022 amendments to the Investment Business Act (IBA) regime in Bermuda.  The principal change to the regulation of investment business by the Bermuda Monetary Authority is the removal of the former licensing criteria, which provided that to be regulated under the IBA the investment business had to be physically based in Bermuda. This requirement no longer applies and the former exemption category no longer applies. There is a transition period for existing businesses to apply to be licensed or registered (as applicable) which expires on 28 July 2023, please therefore read the attached Investment Business Memorandum to determine whether under the revised IBA you now need to apply to be licensed or registered in Bermuda.

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4Jan2023

Guide to Bermuda Investment Funds

This Guide provides a brief overview and gives general information relating to the law and procedures for the establishment and operation of investment funds in Bermuda. It has been prepared to assist parties interested in establishing an investment fund in Bermuda and to give a summary of the law and procedures relating to the establishment, operation and ongoing requirements under Bermuda law. It is not intended to be comprehensive but to provide an outline of the laws and regulations which we hope will be of use to our clients while deciding the type of structure that is appropriate for their business objectives.

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25Jun2021

BeesMont Law Announces Promotion of Simon Davis to Partner

BeesMont Law, an award-winning leading law firm on the Island, today announced its further development and growth with the promotion of Simon Davis to Partner at the firm.

Since joining the team in April 2015, Mr. Davis has built up BeesMont’s property practice to cover all areas of local residential and commercial property law. Mr. Davis has also continued the development of BeesMont’s banking law practice. Before that, Simon worked as a Senior Associate with another law firm in Bermuda, in the property, trusts, and estates team. He also worked in the United Kingdom prior to 2005, as a real estate solicitor covering an equally wide range of property work.

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2Jun2021

BeesMont Law Moves to Front Street

BeesMont Law’s new offices are located on the 3rd Floor at 73 Front Street, with lovely views over Hamilton Harbour. The firm has taken over the entire third floor of the building, which is well laid out, accessible to clients, affords a high level of privacy and is very inviting.

BeesMont Law was established in April 2008 and advises on all corporate and commercial matters, as well as regulatory and compliance, dispute resolution and property law. The firm is committed to providing practical, innovative and valuable legal advice to its clients.

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8Feb2021

Bermuda Business Vehicles

This Memo sets out some of the main Bermuda business vehicles and briefly summarises key points in relation to each type of vehicle. It includes information on exempted companies, local companies, LLCs, companies limited by guarantee, partnerships, SACs/ISACs, permit companies, trusts, and investment funds.

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8Jan2021

Bermuda Chapter of Getting The Deal Through: Corporate Governance

Stephanie P. Sanderson has authored the Bermuda chapter of Getting the Deal Through: Corporate Governance, an international publication. The 2020 edition of Corporate Governance 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, rights of shareholders, voting rights and requirements, shareholders’ duties and liability, anti-takeover devices, directors’ standard of care, economic substance requirements, as well as various other important corporate governance matters.

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5Jan2021

Bermuda Chapter of Getting the Deal Through: Public M&A

Stephanie P. Sanderson, Partner, has authored the Bermuda chapter of Getting the Deal Through: Public M&A, 2020 edition. This specialist international 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.

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12Oct2020

BeesMont Law Limited Helps CrossTower Acquire Digital Asset Business Licence

BeesMont Law Limited would like to congratulate CrossTower Bermuda Ltd. for successfully acquiring a Class M Digital Asset Business Act Licence issued by the Bermuda Monetary Authority. This new licence authorises CrossTower to operate in Bermuda as a digital asset exchange and provide custodial wallet services. CrossTower is a new exchange operator founded by capital markets veterans on a mission to mainstream digital asset investing and trading. BeesMont Law Limited’s Technology & Innovation Team advised and assisted CrossTower in obtaining its Bermuda licence.

BeesMont Law provides advice and legal support with respect to the establishment, regulatory, compliance, and business operations of digital asset business companies in Bermuda.

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