Industry Insight - Page: 2
27 Sep 2018
MaplesFS has announced that it has received a corporate service provider license from the Bermuda Monetary Authority. The expansion of MaplesFS’ service offering in Bermuda will include the incorporation of companies, formation of limited partnerships, registered office services, corporate administration services and the provision of directors.
26 Sep 2018
As annual BVI Registry fees are payable by 30 November for those BVI companies that were incorporated or registered in the second half of the year, it is time to start planning the liquidation of those entities that have reached the end of their life cycle, to ensure that unnecessary Registry fees are not incurred.
In order to prevent the expense of annual 2019 government registration fees, an appointed voluntary liquidator will be required to file the final notice for dissolution of a company on or before 29 November 2018. In order to meet this deadline, we recommend that the voluntary liquidation commence as soon as possible. The company must be in good standing in order to commence a members' voluntary solvent liquidation, and to complete the winding up and dissolution process.
24 Sep 2018
Since Maples and Calder opened in 2005 and MaplesFS in 2008, the Maples group has maintained a unique on-the-ground presence in Dubai. Our dedicated team brings an unmatched level of expertise that draws upon jurisdictional knowledge and experience and provides clients with local time zone and language support. This, coupled with the strength of the Maples group globally, has solidified our reputation as a market leader in the provision of legal, fiduciary, fund administration, fund and entity formation and management services to clients in the region.
19 Sep 2018
The CLOser is the Maples group's industry newsletter for the global CLO market. The Maples Global CLO Team provides Cayman Islands and Irish legal advice and CLO issuer / co-issuer and fiduciary services in the Cayman Islands, Delaware, Dublin, London and the Netherlands.
24 Aug 2018
The Personal Information Protection Act ("PIPA") is legislation intended to strengthen data protection and set out best practices for the use of personal information in Bermuda. Initially introduced in December 2016, PIPA is expected to come into full effect before the end of 2018 and draws on legislation from a number of leading jurisdictions to reflect a set of internationally accepted privacy principles and practices. Bermuda’s introduction of PIPA is reflective of today’s increasingly data-driven world and rapidly evolving business and technology landscape, which has made the regulation of personal data and information more complex than ever.