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The Privy Council has ruled against the Bermuda Court of Appeal in a Bermuda purpose trust case which challenged the decision of the trustees of a multibillion-dollar Taiwanese plastics fortune to remove the settlors’ family members as beneficiaries....

Bermudian-based Global Cloud Xchange, the network service provider powering global connectivity for new media providers, telecom carriers and enterprises, has been awarded its international long distance licence by the Indian Government. This award e...

Lawyer Michael Hanson has been unanimously elected as the new chairman of the board of the Bermuda Business Development Agency. Mr Hanson, the managing partner of Carey Olsen Bermuda, succeeds Stephen Weinstein in the chairman’s role. Mr Weinstein is...

Jewel, Bermuda’s new digital bank for global digital asset institutions, has partnered with blockchain development ecosystem, Polygon, to issue its Jewel USD stablecoin, Asset Servicing Times has reported. The bank is the first to be licensed to issu...

The Association of Bermuda International Companies completed its 2022 Annual General Meeting at O’Hara House, with Wayne Smith taking over as the new executive director from the retiring Richard Winchell. Mr Winchell, who occupied the seat for 16 yea...

Felix Edgren has been named Apex Group Ltd. regional head of corporate product – Nordics, effective today. Based in Sweden and reporting to HP van Asselt, global head of corporate products & growth, Mr Edgren will be responsible for leading the deliv...

Bunge Limited, the American agribusiness and food company, has announced that its board of directors has unanimously approved moving its place of incorporation from Bermuda to Switzerland. Under the proposal, Bunge would become a Swiss corporation. T...

After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a lawsuit that saw a unit of Credit Suisse end up on the wrong side of a $600 million judgment in the Supreme Court. And the appeals ...

A Bill that aims to update the classification of securities — financial instruments such as any share of stocks on a company, bonds or debentures — under the Bermuda Monetary Authority Act 1969 was passed in the House of Assembly on Friday. In readin...

The board of directors of Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has approved an increase in the size of the company’s existing share repurchase authorisation to $400 million. Brian ...