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European Union plans to require large multinational companies to publicly reveal their profits and tax liabilities in each member state have stalled. Twelve countries, including Luxembourg, Malta and Ireland, opposed the transparency measure at a mee...

There is continuing upward momentum in spot trading rates in the tanker market, according to Bermudian-based Nordic American Tankers. In addition, new rules by the International Maritime Organisation that come into force in January, and oil exports f...

An international effort aimed at establishing a global minimum rate of taxation for multinational companies is nearing the end of its consultation phase. The Organisation for Economic Co-operation and Development’s Pillar Two proposal is intended to ...

Bermudian-based Bacardi Ltd says it has acquired substantially all of the assets of Stillhouse, a US-based industry disrupter. Bacardi, the largest privately-held spirits company in the world, made an initial investment in Stillhouse in 2014 and has ...

The United States Ambassador to the United Kingdom, Robert Wood Johnson, will speak on a panel at the Bermuda Business Development Agency’s Executive Forum in London this month. He will be joined on the panel by Sir Nicholas Soames, former UK defence...

Law firm Carey Olsen Bermuda was among the winning advisers for the Financial Services Deal of the Year at The Deal Awards Europe 2019. Carey Olsen was recognised along with the other advisory teams involved in the $5.6 billion acquisition of Jardine...

A Bermudian-based group of companies could play a pivotal role in the proposed settlement of opioid legislation in the United States involving OxyContin maker Purdue Pharma LP and its owners, the Sackler family. The outline of a proposed settlement t...

There has been a shift from pessimism to a feeling of optimism that Bermuda can advance and secure opportunities as a result of new economic substance regulations. Additionally, because the requirements driven by the OECD and European Union affect al...

Estera, a corporate, funds and trust services provider, has launched legal services in Bermuda and Cayman. The firm was spun off from law firm Appleby in late 2015, having previously been known as Appleby Fiduciary. Estera will enter a competitive le...

Operations of a Bermudian-based liquefied natural gas tanker company have been disrupted by US sanctions. Teekay LNG Partners said its joint venture shipping natural gas from Northern Russia to China was “blocked” because of ties to Chinese shipping ...