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.
9Oct2019
- +1 441 400 4747
- info@beesmont.bm
Publications
16Sep2019
Bermuda Chapter of Getting the Deal Through: Public M&A 2019
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.
19Aug2019
Rescuing Restraints of Trade
Tillman v Egon Zehnder Ltd: The English Supreme Court re-examines the enforcement of restrictive covenants – in favour of employers.
14Aug2019
Bermuda Successfully Fostering the Fintech Sector
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.
24Jul2019
Beesmont Law Limited Assists Circle Acquire Bermuda’s First Full Digital Asset Business Licence
BeesMont Law Limited would like to congratulate Circle International Bermuda Limited, a subsidiary of Circle and a member of the Circle Group, for being the first company to receive a Class F Digital Asset Business Act Licence issued by the Bermuda Monetary Authority. BeesMont Law Limited’s Technology & Innovation Team advised and assisted Circle International Bermuda Limited, and the Circle Group, in completing their Digital Asset Business Licence application and launching the subsidiary in Bermuda. BeesMont’s Technology & Innovation Team provides advice and legal support with respect to the establishment, regulatory, compliance, and business operations of digital asset business companies in Bermuda. Circle, as a well-respected globally operating fintech group, has shown confidence in Bermuda’s comprehensive regulatory framework; and BeesMont looks forward to helping Circle develop and expand their global presence and offerings going forward.
30May2019
Bermuda Economic Substance Requirements for In Scope Entities
Bermuda passed economic substance legislation in December 2018 (ES Law) as part of the international initiatives for fairer taxation globally and, in particular, to address the technical scoping paper of the European Union (EU) for jurisdictions designated by the EU as ‘2.2 Jurisdictions’ (Scoping Paper). This 2.2 Scoping Paper set out criteria relating to ‘economic substance’ of certain entities doing business in or through these 2.2 Jurisdictions. Bermuda is a 2.2 Jurisdiction. The ES Law requires that a Registered Entity (which does not include a trust or partnership without legal personality) carrying on a Relevant Activity comply with certain economic substance and reporting requirements. For information on what business activity constitutes a Relevant Activity and these economic substance and reporting requirements affecting in scope Registered Entities reference should be made to our Memorandum.
29Nov2018
BeesMont Pupil, Kimonea Pitt, Called to the Bar
Kimonea Pitt completed her pupillage at BeesMont Law and was called to the Bar on November 16 before Chief Justice Narinder Hargun. She became BeesMont Law’s most recent corporate associate having been a student with the firm for several years before her pupillage. BeesMont Law is pleased to welcome Kimonea as a corporate associate.
9Oct2018
Sanderson Sees Strong Fintech Interest
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.
10Aug2018
Bermuda Chapter of Getting the Deal Through: Public M&A
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.
9Aug2018
Insurtech Insight: Staying True to Form
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.