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Fears that the implementation of an “economic substance” regime in Bermuda might dent its prominent captive industry appear to have been misplaced. If anything, recent developments look set to strengthen rather than undercut Bermuda’s global position in the captive arena.
We are pleased to confirm that we have strengthened our Singapore litigation practice by hiring Glenn G. Cheng from K&L Gates Straits Law LLC. Glenn, who is dual-qualified at the Bar of England and Wales and admitted as an advocate and solicitor of Singapore, becomes the fifteenth partner in our growing Singapore office.
Our strategy of helping clients use lawyers less has taken a huge leap forward with the launch of Kennedys IQ, a separate technology driven company whose purpose is to be “Kennedys, without the lawyers”. Combining human and machine intelligence, Kennedys IQ has been set up to focus on product development targeted at the needs of clients, rather than our internal operating efficiency, and recognises that the future of legal services is not just about legal advice.
This week saw the release of the latest edition of Chambers and Partners Global, with Kennedys in Bermuda ranked highly for both Insurance and Dispute Resolution, and two of the office's partners, Mark Chudleigh and Nick Miles recognised as being among the best in the country.
The British Virgin Islands (BVI) has gone “all in” to establish itself as a leading venue for international arbitrations, riding the current wave of popularity for resolving international commercial disputes through arbitration.
Kennedys Real Estate and Construction teams to attend MIPIM 2020 – the world’s largest property investment conference in Cannes
We are delighted once again to be attending MIPIM, the internationally-renowned property conference taking place from 10 -13 March 2020 in Cannes, France. Our attendance at this year’s MIPIM reinforces our ongoing commitment to supporting clients in relation to real estate and construction matters, and staying at the forefront of development in the markets in which our clients operate.
Although Bermuda’s share of the global funds industry is smaller than its share of the international insurance and reinsurance industry, there is a credible business case for optimism in 2020 and beyond.
We are pleased to confirm the launch of Portal Manager, the latest product in our award-winning innovative product suite aimed at helping clients use lawyers less. Portal Manager, an easy-to-use dashboard, generates real-time information on the number of claims an insurer has in the Ministry of Justice Claims Portal at any one time.
There are many advantages in establishing a captive insurer and Bermuda is the premier domicile of choice. Kennedys Bermuda’s white paper on the subject lists the many advantages of Bermuda as a domicile, considers the uses and benefits of a captive insurer and explains the prudential requirements, licensing process and on-going requirements applicable to Bermuda captive insurers.
Kennedys launches second Ideas Lab as its drive for technological and intellectual innovation continues
We are thrilled to have officially launched the second instalment of our Ideas Lab as part of our drive to be at the forefront of technological and intellectual innovation. The Ideas Lab, which launched in July 2017, is the brainchild of Partner, Richard West, Head of R&D, Karim Derrick and Innovation Manager, Tom Gummer.