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Appleby
Vanessa Schrum reviews recent amendments to Bermuda's trust laws which are intended to modernise ‘firewall' provisions and restore a settlor's freedom of disposition with respect to children.
Conyers
Bermuda has amended the Trusts (Special Provisions) Act 1989 to modernise its ‘firewall' provisions and to introduce flexibility and clarity with respect to excluding illegitimate children from...
Carey Olsen
The Bermuda legislature has recently passed the Trusts (Special Provisions) Amendment Act 2020 (Amendment Act) which amends Bermuda's "firewall" legislation contained in the Trusts (Special Provisions) Act 1989.
Conyers
The decision will be of particular interest to trustees in the common law jurisdiction, having reaffirmed the test to be applied when determining the validity of a trustee's purported exercise of a power.
Appleby
Enhancements to Bermuda's "firewall" provisions will soon be enacted.
Carey Olsen
The C Trust (the Trust) was established in 1965 for the benefit of the Family. The Trust's terms provided that the protector held the power to appoint trustees.
Conyers
Following our alert of March 2020, providing an update about the amendments to the National Pension Scheme, we further update on amendments passed in Bermuda's House of Assembly on Friday 8 May 2020
Carey Olsen
Carey Olsen Bermuda partner Keith Robinson has been elected as a Fellow of the American College of Trust and Estate Counsel (ACTEC).
Appleby
Bermuda's regulatory regime for trust business has recently been enhanced. A framework for the supervision of relevant private trust companies has been introduced and this month new filing
Appleby
Enhancements have recently been made to Bermuda's trust regulatory regime with the passing of the Trusts (Regulation of Trust Business) Amendment Act 2019 (Amendment Act)
Carey Olsen
The American economist Nouriel Roubini iterates that geopolitical issues are becoming more important: "Because how can you understand the economy if you don't understand geopolitics"
Carey Olsen
In a recent article for Trusts & Trustees, Carey Olsen Bermuda's Ashley Fife considers certain aspects of the economic substance requirements relevant to private client structures
Conyers
In Bermuda there is no income or profits tax, withholding tax, capital gains tax, capital transfer tax or inheritance tax.
Carey Olsen
In the Matter of the H Trust [2019] SC (Bda) 27 Com (30 April 2019), the Supreme Court of Bermuda delivered an important judgment
Carey Olsen
Family members and their trusted advisers may be appointed as directors of the PTC.
Kennedys Law LLP
Trustees faced with a "momentous" decision concerning the affairs of a trust are well advised to seek prior sanction from their supervising court.
Conyers
This country-specific Q&A provides an overview to tax laws and regulations that may occur in Bermuda.
Appleby
In Bermuda, the Supreme Court considered whether it has jurisdiction to require the directors of a corporate trustee to resign
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Conyers
With the world in the grip of the COVID-19 pandemic, we would like to reassure our clients that we remain ready to provide advice and support during this difficult time, as your needs may change.
Carey Olsen
Bermuda has been engaging in tax information exchange with other jurisdictions since the 1980s. This article, which is based upon a paper presented at the...
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