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Sedgwick Chudleigh
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Tel: +1441 441 296 9276
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By Sedgwick Chudleigh
Professional trustees, directors, and corporate service providers in various offshore jurisdictions, such as Bermuda, the BVI, the Cayman Islands, and the Channel Islands, continue to deal with increasing levels...
By Mark Chudleigh, Caitlin Conyers
For professional trustees and their insurers, the ability to obtain an indemnity from trust assets in the face of a claim against a trustee by a third party is obviously of critical importance, ...
By Mark Chudleigh, Alex Potts
Bermuda is a self-governing British Overseas Territory. The systems of law administered in Bermuda are local Bermudian legislation, Bermudian common law (as developed from English common law)...
By Nick Miles
The Bermuda Monetary Authority ("BMA") has published its second Consultation Paper on the subject of "Policyholder Protection".
By Alex Potts
Nearly half of the market capitalization of the Hong Kong Stock Exchange is represented by companies incorporated in either Bermuda or the Cayman Islands.
By Alex Potts
The regulation of offshore lawyers continues to generate some controversial talking-points in an evolving regulatory landscape, as the following examples indicate:
By Nick Miles, Mark Chudleigh, Alex Potts
On 2 December 2016, the administrative provisions of the Personal Information Protection Act 2016 came into force establishing the office and powers of the Privacy Commissioner...
By Nick Miles
A number of jurisdictions provide for the statutory protection of direct policyholders in a winding-up of an insurer.
By Nick Miles
In the light of concerns raised in industry feedback, the Bermuda Monetary Authority (BMA) has decided to postpone the introduction of various adjustments to the Bermuda Solvency Capital Requirement (BSCR) standard formula that were proposed in its November 2016 Consultation Paper.
By Alex Potts, Caitlin Conyers
The Centre for Justice, a Bermuda-based human rights advocacy group represented by Sedgwick Chudleigh Ltd., has successfully intervened in a case before the Bermuda Court of Appeal between the Corporation of Hamilton and the Government of Bermuda
By Alex Potts, Caitlin Conyers
It is now less than 50 days to the start of the 35th America's Cup in Bermuda, with Oracle Team USA defending its title against one of five challenger teams, Artemis Racing, Emirates Team New Zealand, Groupama Team France, Land Rover BAR and SoftBank Team Japan.
By Nick Miles
The Bribery Act 2016 received Royal Assent on 6 December 2016. When it comes into operation, it will introduce a number of new offences into Bermuda law, including the corporate offence of failure to prevent bribery. Bermuda insurers, insurance managers and insurance agents and brokers will need to introduce policies and procedures necessary to ensure compliance.
By Mark Chudleigh
In the not-so-distant past, offshore financial centres ("OFCs") were perceived as having a very light touch when it came to taking enforcement action against regulated entities and individuals.
By Alex Potts, Caitlin Conyers
In the United Kingdom, when victims of life-changing personal injuries accept lump sum compensation payments, the actual amount they are awarded by English Courts is adjusted according to the interest that they can expect to earn by investing the award.
By Alex Potts, Caitlin Conyers
When the ratings agency, Moody's, downgraded Bermuda in June 2016, it noted that the Bermudian economy had suffered a recession from 2009 to 2014, in the wake of the global financial crisis.