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.
Stephanie P. Sanderson, Partner, breaks down the Common Reporting Standard (CRS) and explains the impact that the global compliance measure has on insurance companies and captives in an article for the Captive Insurance Times, Issue 149 distributed at the Bermuda Captive Conference.
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.
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.
Stephanie Sanderson provides analysis of the statutory rights and protections afforded to minority shareholders in relation to M&A, takeovers and squeeze-outs as well as the body of case law relating to this area of law.
BeesMont is pleased to have contributed the Bermuda Chapter in China Offshore 7th Annual Company Formation Guide, led by Stephanie Sanderson, Corporate Partner. The publication is now available online.
Please click here to access the full publication.
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.
