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Although poor in natural resources, Bermuda has been blessed with the most important necessary condition for economic growth: a stable, representative government. Bermuda’s common law and parliamentary traditions reach deep into the past. Other cond...

One of the common misconceptions about Bermuda is that it is a “tax free” country. However, although tax obligations are minimal when compared to many countries, they still exist. One such tax obligation is that all employees who provide services du...

Modern day trust deeds often contain substantial powers in favour of a third party, usually referred to as a protector. A protector is introduced into the trust in order to oversee the actions of the trustee. A protector has a fiduciary duty to exerc...

A growing number of offshore jurisdictions have responded to settlors’ desires to retain control over settled assets by introducing legislation that enables them to categorically reserve certain powers and rights over a trust. Some settlors, for exam...