Bermuda, the Cayman Islands and BVI have recently passed legislation with regards to the economic substance of certain entities based in those jurisdictions, in order to meet requirements set down by the EU’s Code of Conduct Group (Business Taxation).
Conyers lawyers can help you determine whether or not your entity or proposed entity will be in scope of the legislation.
Conyers advised Bermuda exempted company Valaris Limited (NYSE: VAL) in connection with its financial restructuring and emergence from Chapter 11 bankruptcy. The Valaris Group’s Plan of Reorganization (“the Plan”) was completed on 30 April 2021, having been approved and confirmed by the United States Bankruptcy Court for the Southern District of Texas on 3 March 2021.
Informative legal memoranda of trade and service marks, domain names, the filing of patents and registered designs, and copyright services.
“Certainly among the leading offshore law firms – we work with leading lawyers in all major offshore jurisdictions and Conyers is certainly in the highest rank.”– Chambers Global
Conyers Dill & Pearman is the source for financial services legislation in Bermuda, the British Virgin Islands and the Cayman Islands.
Disclaimers: These publications are not intended to be a substitute for legal advice or a legal opinion. They deal in broad terms and are intended to merely provide as a brief overview and give general information.
Effective 3 December 2020, all legislation in the Cayman Islands is described by the term “Act” rather than “Law”. Any references to “Law” (and accompanying acronyms) in Conyers written materials pre-dating October 2020 should be read as “Act”.