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Article 03/12/2018
E-signature reform – contractual issues in the digital economy era
Companies are increasingly questioning why their contracts and customer and supplier interactions cannot be entirely paperless. Whilst legislation and case law would suggest that it is possible, uncertainty remains around the legal status of e-signatures, especially where legislation requires a document to be ‘signed’ or executed as a deed.
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Article 27/11/2018
Corporate insolvency – a change is coming
Tackling corporate insolvency was also on the agenda of the Autumn Budget 2017 and the Spring Budget 2018. We are on the cusp of significant changes to insolvency procedures and on 26 August 2018, we got an indication from the government as to what reforms are likely to be introduced.
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Article 27/09/2018
Update on beneficial ownership information gathering in Bermuda
There have been recent changes for Bermuda companies in relation to the gathering and registration of beneficial ownership details and more changes are on the horizon, following a consultation on proposed amendments to the Exchange Control Regulations 1973.
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Article 12/09/2018
Update on adjustments to the Bermuda Solvency Capital Requirement
On 31 July 2018, the Bermuda Monetary Authority published revised BSCR models and rules for commercial insurers. The amendments represent the culmination of nearly two years of consultation on and field-testing of proposed adjustments designed to bring the BSCR more closely into line with international standards.
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Article 29/08/2018
Bermuda Corporate Insurance Brief: market insights
A summary of key developments including the beneficial ownership register, company bye-laws, amendments to international sanctions regulations and the roll-out of anti-money laundering and anti-terrorist financing supervisory regimes.
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Article 16/08/2018
Update on the Bermuda Personal Information Protection Act 2016
The substantive provisions of the Bermuda Personal Information Protection Act 2016 are expected to come into operation later this year. The PIPA was passed and received royal assent in 2016, but the date on which its substantive provisions come into operation was postponed.
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Article 31/07/2018
Bermuda: new protection for policyholders in the event of insolvency
The Insurance Amendment Act 2018 has been passed in both the House of Assembly and the Senate and now awaits royal assent from the Governor. The Act will introduce a new “waterfall” of priorities in a winding up of an insurer, being the order in which creditors are paid from the assets of an insolvent company.
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Article 02/07/2018
Significant changes to Australian employment law take effect from 1 July 2018
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Article 14/06/2018
Social media: the free speech paradox
People have been surprised by the freedom with which they can use social media to express uninhibited, unrestrained and carefree commentary on any topic. But channels that at first seemed so easy and cost so little to participate have been 'weaponised' to damage feelings and reputations
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Article 11/05/2018
Consultation on draft guideline on Enterprise Risk Management
On 8 May 2018 the Insurance Authority (IA) released a Draft Guideline on Enterprise Risk Management (Draft ERM Guideline) for consultation as part of the development of Hong Kong’s new Risk-based Capital Regime (RBC).