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A bid by a family trust to sue the Bermuda Commercial Bank over a $7 million fund has been resolved, the bank said yesterday. The case against the bank and BCB Paragon Trust, and former trust and corporate services division leader Neil de ste Croix, ...

Financial-services firm LOM made profits of $51,534 in the first half of this year. The figure compares to a loss of more than $225,700 in the same period last year. Management and investment advisory fees revenues jumped 17.7 per cent to $1.53 milli...

Modernisation of Bermuda’s corporate law has been welcomed by business chiefs. A total of nine bills relating to the island’s international business sector have been passed by the House of Assembly in little more than a year. And Ross Webber, chief e...

International terrorism could boost Bermuda’s aircraft registry. Julie McLean, a director at law firm Conyers Dill & Pearman and an expert in the area, said that the island’s registration marks were seen as neutral and “low profile”, while also recog...

Olivier Sarkozy has resigned as a director of Butterfield Bank. The move follows Mr Sarkozy’s resignation as head of the financial services group of private-equity form Carlyle Group, which is Butterfield’s largest shareholder. His resignation as a d...

Bermuda must strengthen its rules on enforcement and investor protection before it can become eligible for its European Union funds “passport”. That is the view of the European Securities and Markets Authority, which was considering the island’s appl...

An accountant from KPMG Bermuda has been appointed as joint liquidator of a Gibraltar company alleged to be at the heart of a missing $18 million for a Hamilton hotel project. Charles Thresh, a forensic accountant with the firm, will join Samuel Mose...

Bermuda law firm Conyers Dill & Pearman has brokered a $13 billion merger between two specialists in information and analytics. The deal to merge IHS Inc and Markit to form IHS Markit, represented by CDP and registered on the island, has created a gl...

The Bermuda Government’s bid to set up a limited liability companies framework has been approved by MPs. The Limited Liability Companies Act 2016 received widespread support from both sides of the House of Assembly as the Bill was debated yesterday. ...

Centaur Fund Services has opened an office in Bermuda, after being impressed by the island’s welcoming attitude and professional approach to attracting new business. Centaur is headquartered in Dublin, with offices in London and New York. The fund a...