Welcome to the fourth edition of our Private Client Bulletin, bringing you the latest private client and trust news and insights from Bermuda, the Cayman Islands, BVI and Asia. As spring returns we are seeing signs of new life, despite how the pandemic continues to disrupt. These challenging times have led many HNW families and individuals to take a fresh look at their wealth structures and long-term plans, and in some cases where they are based.
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.
What a year it has been since our last Insurance Bulletin in March 2020. Although the full impact of Covid-19 on the re/insurance industry remains unclear, the need to retain capital to meet potential losses has contributed to a general hardening of the market after 15 years of soft market conditions characterised by excess capacity, low prices and more relaxed policy terms.
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”.