Gavin Woods

Oct 13, 2024 | mondaq.com | Michelle Falcucci |Matthew J Grigg |Steven Davies |Gavin Woods

CO Carey Olsen More Carey Olsen is a leading offshore law firm. We advise on Bermuda, British Virgin Islands, Cayman Islands, Guernsey and Jersey law. Our investment funds team outline the latest developments within the investment funds market in Bermuda, addressing the recent statistics from Q2 2024 published by the Bermuda Monetary Authority (the "BMA"). Bermuda Finance and Banking

Oct 7, 2024 | mondaq.com | Gavin Woods |Alexander Collis

Following the enactment of Bermuda's Corporate Income Tax Act (the "CIT Act") in December 2023, in July 2024, the Government of Bermuda passed the Corporate Income Tax Agency Act (the "Agency Act") which, among other things, (i) establishes the Bermuda Corporate Income Tax Agency (the "Agency"); (ii) sets out the functions and powers of the Agency with respect to administration of the CIT Act, the collection of tax monies, issuing determinations and settling disputes with taxpayers, requiring...

Jul 26, 2024 | mondaq.com | Michelle Falcucci |Gavin Woods

In the wake of the recent outages caused by CrowdStrike's defective software update on July 19, 2024, Bermuda insurance market participants affected by the CrowdStrike update should assess whether they need to notify their regulator, the Bermuda Monetary Authority ("BMA") as a result of their obligations under the Insurance Act 1978 and the Insurance Sector Cyber Risk Management Code of Conduct.

Jul 25, 2024 | mondaq.com | Michelle Falcucci |Matthew J Grigg |Gavin Woods |Steven Davies

Our corporate team outline the latest developments within the corporate and finance market in Bermuda including Bermuda's Corporate Income Tax Act 2023, Cyber risk management and The Bermuda Monetary Authority's enhancements to its Insurance Regulatory Regime. Cyber risk management On 27 December 2023, the Corporate Income Tax Act 2023 ("CITA") received governor's assent in Bermuda.

Mar 27, 2024 | mondaq.com | Matthew J Grigg |Steven Davies |Gavin Woods |Max Tetlow

Our investment funds team outline the latest developments within the investment funds market in Bermuda including the Bermuda Monetary Authority investment funds statistics for Q3 2023, a regulatory update to the Investment Funds Act and related legislation, and the registration of Carey Olsen Listing Services Bermuda Limited as an official Bermuda Stock Exchange listing sponsor.