To print this article, all you need is to be registered or login on Mondaq.com. There has been a debate about building into statutes,
criminal liability for acts that are civil in nature. Hence, for
Companies Act, certain amendments are proposed to be made that will
correct this.
1
The views expressed in this excerpt from India s 2020-2021
Union Budget Speech have been incorporated in the Ministry of
Corporate Affairs (
MCA ) 2020
amendment to the Companies Act, 2013. The MCA has facilitated the
ease of doing business in India by introducing significant
compliance and other relaxations to companies, as well as to their
To print this article, all you need is to be registered or login on Mondaq.com.
As the world continues to adapt to the so-called new
normal following the unprecedented challenges brought about
by the COVID-19 pandemic, one key question that is being asked time
and time again: what does this mean for me and my business?
In terms of dispute resolution and litigation practice, it is
clear that the pandemic has not stopped individuals or companies
from filing actions with the courts. In Guernsey this is known as tabling the cause , pursuant to Section 10(1) of the
Royal Court Civil Rules, 2007 (RCCR).
To print this article, all you need is to be registered or login on Mondaq.com. Experienced solicitors, must be taken to know what
the label means - So said the English Court of
Appeal when it recently emphasised the consequence of holding
negotiations subject to contract . It reaffirmed the
position that once negotiations between the parties are commenced subject to contract , this condition applies to those
negotiations up until either a formal agreement is reached between
the parties, or it is agreed that the condition should be removed.
Partner, David Fitzgibbon and Solicitor, Thomas
Burke provide some further insights here.
To print this article, all you need is to be registered or login on Mondaq.com.
The following is a brief paper prepared with the assistance of
Lauren Vrsnik, articling student at-law on the topic of fiduciary
duties in the context of the partnership relationship.
1. General Overview of fiduciary duties in the corporate
setting
Section 97(1) of the MCA states that directors shall manage, or
supervise the management of, the business and affairs of a
corporation. The scope of a director s power is subject to any
unanimous shareholder agreement, the MCA, its regulations, and the
corporation s articles and by-laws. Directors may not delegate
To print this article, all you need is to be registered or login on Mondaq.com.
Originally Published in Chambers Insurance & Reinsurance
Guide 2021: Bermuda
This guide provides the latest information on sources of
insurance and reinsurance law, insurance and reinsurance regulatory
bodies and legislative guidance, overseas-based insurers or
reinsurers, M&A activity relating to insurance companies,
alternative risk transfer (ART) transactions and insurtech
developments.
1. BASIS OF INSURANCE AND REINSURANCE
LAW
1.1 SOURCES OF
INSURANCE AND REINSURANCE LAW
The principal legislation governing companies in Bermuda is the
Companies Act 1981, as amended (Companies Act), under which the
majority of companies in Bermuda are incorporated by