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The Madoff Ponzi scheme was at the centre of a Supreme Court hearing last month, which has resulted in a ruling released by Puisne Judge Stephen Hellman this week. Mr Hellman heard defendants PricewaterhouseCoopers (PwC) argue the statement of claim ...

Bermuda has signed up to a new international agreement to allow automatic exchange of financial information in a bid to crack down on tax cheats. Now the Island and 50 other countries will begin the exchange of information, backed by the Organisation...

Bermuda-based beverages giant Bacardi is looking forward to returning some operations to Cuba once the US embargo of the country is lifted. Bacardi was expelled from the Caribbean island in 1959, after the revolution which brought Fidel Castro to pow...

NEW YORK (Bloomberg) — Bermuda-domiciled Lazard Ltd, the largest independent merger-advisory firm, posted third-quarter profit that beat analysts’ estimates as financial-advisory revenue increased. Net income rose 47 percent to $88.9 million, or 67 c...

A technology security company founded in Bermuda has made its mark on a promotion of cross-border electronic transactions by European leaders. The high-level seal of approval for QuoVadis came when senior European Commission (EC) officials held an el...

Google is considering getting rid of its Bermuda subsidiary, according to a report in French newspaper Le Monde. The Bermuda company employs no-one and has no physical presence on the Island. It is used by the technology giant to minimise its tax bil...

DUBLIN (Bloomberg) — Ireland’s government will phase out a tax shelter used by US companies from Google to LinkedIn, amid mounting pressure from international authorities. The “Double Irish”, which allows companies to avoid paying tax on much of thei...

A cyber security firm founded in Bermuda has expanded its operations into Germany. QuoVadis — a global provider of certificate authority identity services for online transactions — has added Germany to existing offices in the UK, Switzerland, Holland...

Global financial services firm Deloitte has posted record revenue of $34.2 billion for its last financial year. The head of the firm’s Bermuda and Caribbean arm John Johnston said figures for the Island were not available. But Mr Johnston said: “Delo...