Tag: United Kingdom
Legal Action After Bermuda Emergency Landing
A number of the 300-plus passengers aboard a British charter flight which had to divert to Bermuda last month after a small fire broke out in its cabin are taking legal action against UK vacation company Thomas Cook. Sheffield’s “Star” newspaper reports today that Doncaster couple Danny and Liselle McEwan are among the passengers... Read more of this article
UK Labour Calls For Corporate Tax Reform
Britain’s Labour Party — tapping into mounting public discontent over corporate tax avoidance prompted in part by Google’s use of Ireland and the Netherlands to shift billions of dollars of earnings to Bermuda — wants the UK government to push for new international rules to force companies to report profit and tax payments country-by-country. British... Read more of this article
Butterfield UK Bank’s New Deposit Account
London’s Butterfield Private Bank — part of the Bermuda-headquartered Butterfield Group — has launched a six month, fixed-term deposit account designed for high and ultra high net worth individuals. The Butterfield 25 Deposit offers competitive interest rates on a tiered schedule, based on the level of funds deposited. Clients will... Read more of this article
Lyme Regis Dignitaries Visit St. George’s
The mayor of Lyme Regis — birthplace of Sir George Somers — led an eight-man delegation to Bermuda recently for the annual Peppercorn Ceremony held in St, George’s, the historic English coastal community’s twin town. Mayor Sally Holman and other Lyme Regis dignitaries spent a week on the island to mark the historical and cultural... Read more of this article
Media Council Oppose UK Government Proposal
The working group of the Media Council of Bermuda, which is made up of print and broadcast media, have expressed their opposition to the British government’s plans to create a Royal Charter to regulate the press in the the wake of the Leveson inquiry. “The proposals have serious implications for press freedom in the UK and would send the wrong... Read more of this article
Minister Richards Appears On UK’s Sky News
Yesterday [May 2] Minister of Finance Bob Richards appeared on Sky News to discuss Bermuda’s decision to negotiate and sign a FATCA Intergovernmental Agreement [IGA] Model 2 with the USA, the UK, and the G5 European Union countries once the G5 European Union Multilateral FATCA is established. This agreement will essentially result in financial institutions... Read more of this article
Patrick Stamp Challenges Extradition In UK
28-year-old Patrick Stamp of St. George’s appeared in a UK Court yesterday [May 1] regarding an extradition request in relation to the murder of Malcolm Augustus. Mr Stamp is legally challenging the extradition request. The police previously said he was taken into custody in the UK, with a “view to extradition to Bermuda to face charges.” A... Read more of this article
Elderfield Named To Lloyds Banking Post
Lloyds Banking Group confirmed on Tuesday [Apr. 30] that it had recruited former Bermuda Monetary Authority CEO Matthew Elderfield as group director of conduct and compliance, a newly created position. He will start work in October this year and will report to the chief risk officer, Juan Colombas. The move follows an internal reshuffle of Lloyds’... Read more of this article
New Study On Reinsurance Hubs Released
Research and Markets — a leading international market research and market data firm — on Monday [Apr. 29] announced the addition of the “2020 Foresight Report: Reinsurance Hubs” report to its catalogue of publications. A Research and Markets spokesperson said: “Growing uncertainties in the global economy and the increasing... Read more of this article
Speaker Randy Horton Visits The UK Parliament
On the invitation of the Commonwealth Parliamentary Association [CPA] UK Branch, Speaker of the House Randy Horton attended an official visit to Westminster Houses of Parliament in the UK between 22nd-26th April. The Speaker was accompanied by Mrs. Shernette Wolffe, Clerk to the Legislature. Mr. Horton also had an opportunity to have an initial meeting... Read more of this article
