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Carey Olsen Bermuda Limited has been ranked in Band 1 for its trusts and private wealth practice in the latest edition of the Chambers and Partners High Net Worth guide. Carey Olsen said it is the only Bermuda law firm to have a Band 1 ranking as a f...

Bermudian-based offshore drilling company Seadrill Limited has entered into agreements that it says contemplates a plan of reorganisation that will raise $350 million in new financing and reduce the company's liabilities by more than $4.9 billion. Th...

Registration is now open for the third annual Bermuda Tech Summit, which will take place virtually October 13-15, the Bermuda Business Development Agency has announced. Centred on the theme “Transforming the Digital Landscape,” the BDA said the free ...

A Bermudian-registered company has launched its blockchain-based employee goal-management and compensation app to what it said is an initial user base of more than 150,000 US employees from numerous partner companies. blockWRK’s launch has been accel...

Borr Drilling Ltd, the Bermuda oilfield services company, has received a letter of award from an international oil company for additional jack-up drilling rig work in Mexico. The company said the programme is expected to commence in the second quarte...

Bermuda’s Financial Policy Council will today discuss the shift toward a globally consistent tax on corporate profits - and how that may impact Bermuda. The FPC’s 17th meeting will be held via teleconference. Consistent with its mandate to provide a...

The Bermuda Monetary Authority has announced that the Authority’s Deputy chairman, Donald Scott, has been appointed by the Minister of Finance to serve as chairman of the Board with effect as of 1 October. This will coincide with the departure of Je...

Last week, in part one, we discussed the meaning of share premium, the various ways a company may use share premium and its importance when determining the assessable capital of a company. Today, we will discuss contributed surplus, another frequentl...

Since June, Deloitte Bermuda has welcomed 13 interns into their DEEP [Deloitte Exclusive Experience Program] Internship Program. DEEP provides young Bermudians with the opportunity to develop new skills and gain hands-on experience in the financial ...

Bermudian Kace Wales has joined the Association of Bermuda Insurers and Reinsurers (ABIR) as an intern. The 17-year-old from Sandys is studying on the Associate of Arts (Business Administration) programme at Bermuda College and aspires to a career i...