November 17, 2019

U.S. warns that some Bermuda beaches are polluted with sewage

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By Gay Nagle Myers From Travel Weekly The U.S. Consulate General in Bermuda issued an advisory on March 31, warning visitors about contaminated beaches along the island’s south coast. The advisory was based on a 2013 study of the waters around Bermuda, which found that “the ongoing dumping of raw sewage off Bermuda’s south coast […]

iNews Briefs

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Cayman bank refuses to process former FIFA VP’s payments According to a report by the UK’s Daily Telegraph, former FIFA Vice-President, Jack Warner, is alleged to have been personally paid approx. $1.2M by a firm controlled by a former Qatari football official, shortly after the decision to let the country host the 2022 World Cup. […]

Maine to join states out to recoup lost revenue from offshore tax havens

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By Elaine S. Povich, Stateline.org From Bangor Daily News Some states are going after multinational corporations that avoid state taxes by stashing some of their earnings in offshore tax havens, an effort aimed at recouping some of the more than $20 billion states lose to such gimmicks each year. Shifting income to subsidiaries in places […]

A look back at the life of Sir Richard Ground

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From Bernews Sir Richard Ground was born on December 17, 1949 in Stamford, England and educated at Oakham School in Rutland; Lincoln College, Oxford; and the Inns of Court School of Law. He won an open scholarship to Oxford in 1967 and the Violet Vaughan-Morgan University Prize for literature in 1968. He graduated with a […]

The Offshore Top 30, 2014: The byteback begins

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By Joanne Harris From The Lawyer After the activity lull last year, offshore firms have regrouped and come out fighting with state-of-the-art technology that takes client service to a new level After a year of substantial change in the offshore legal market in 2012, last year proved to be a much quieter affair. But while […]

It’s steady as she goes as M&A rises offshore

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By Joanne Harris From Appleby Offshore M&A seems to be returning to steady growth, and as Appleby chair Frances Woo points out, the lack of dramatic movement is a good thing. As our upcoming offshore survey will show, the mood among those lawyers practising in the jurisdictions which supporters call ‘international finance centres’ and detractors ‘tax […]

Why pension funds are finding Bermuda captivating

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By Ashley Fife From APPLEBY Bermuda is becoming increasingly attractive as a place to invest pension assets, manage the risks associated with funding pensions, and to carry on a pension trustee business. In the first instance, pension trustees’ investments in insurance-linked securities (ILS) listed on the Bermuda Stock Exchange (BSX) have been rapidly increasing. ILS […]

Opening Sochi Winter Games

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Cayman team wear shorts and flip-flops at Opening Sochi Winter Games The Cayman Islands caused a big laugh when they made their appearance at Sochi 2014 Winter Olympics at the Opening Ceremony. Whilst Bermuda had appeared first in the stadium wearing Bermuda shorts, the Cayman Islands team, almost out shadowed by the huge team of […]

Industrial union members march as Bermuda hotel sackings row escalates

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From Caribbean360 HAMILTON, Bermuda, Thursday February 6, 2014, CMC – The powerful Bermuda Industrial Union (BIU) Wednesday staged a massive show of strength in the capital support of 10 workers sacked by an historic hotel here last week. The dispute has gone to arbitration, but the BIU appears not willing to participate. Government said bus […]

Casinos could make Bermuda more ‘exciting’ says tourism minister

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From Caribbean360 Tourism Minister Shawn Crockwell said the One Bermuda Alliance government plans to legalise gaming were a “gargantuan” step that would redefine Bermuda and help the island rebrand and reposition itself in the tourism market. HAMILTON, Bermuda, Wednesday February 5, 2014, CMC – Tourism Minister Shawn Crockwell says government plans to issue three licences […]