Bermuda: Operational Impacts and Strategy

Bermuda is an international business hub and a popular offshore domicile and is impacted by global economic factors. A prime example is the current impact of the Covid-19 pandemic on both Bermuda's economy and Bermuda's legal sphere.

Given the ongoing impact of the Covid-19 pandemic, a review of "material adverse change" (MAC)

Given the ongoing impact of the Covid-19 pandemic, it is timely for us to look closely at material adverse change clauses in the context of a business acquisition.

In relation to the Economic Substance Act 2018 (the "Act") and the related Guidance Notes issued by the Minister of Finance on 24 December 2019 (the "Guidance Notes")

In each of Appleby's jurisdictions, measures have been taken to combat the spread of COVID-19. While the measures vary somewhat, international travel is curtailed and residents who are not.....

Various countries around the world have imposed social distancing restrictions in order to prevent the spread of the COVID-19 epidemic.