Publications

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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26Sep2017

Bermuda Offers What Other Offshore Jurisdictions Don’t

In an article published in the China Business Law Journal, Stephanie Sanderson discusses why sophisticated and discerning businesses, high net worth individuals (HNWIs) and investors make Bermuda their jurisdiction of choice and what makes Bermuda stand out as a world-class centre of commerce.

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19Sep2017

BeesMont Contributes Bermuda Chapter in Getting the Deal Through: Mergers & Acquisitions 2017

Stephanie Sanderson, Corporate Partner, authored the Bermuda Chapter in Getting the Deal Through: Mergers & Acquisitions 2017. This volume is a part of the popular Getting the Deal Through series of legal guides, the market leading global guide to law and regulation. The Bermuda chapter follows a ‘Q&A’ framework discussing topical trends as well as providing essential need to know answers to fundamental questions facing corporations and counsel.

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 Reproduced with permission from Law Business Research Ltd. Getting the Deal Through: Mergers & Acquisitions 2017, (published in May 2017; contributing editor: Alan M Klein, Simpson Thacher & Barlett LLP) For further information please visit https://gettingthedealthrough.com/area/21/mergers-acquisitions/

12Sep2017

Strengthening the Rights of Children in Bermuda: PIPA

Gretchen Tucker, Litigation Attorney, contributed an article to the Bermuda Parent Magazine (Fall 2017) discussing the Personal Information Protection Act, due to come fully into force in late summer 2018, and why special care needs to be afforded to the collection, processing and disclosure of personal information relating to children.

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