Hashtag: #Europe
AIG’s Brexit Restructure Approved In UK Court
American International Group, Inc. [AIG] announced that its European subsidiary, AIG Europe Limited [AEL] has received approval from the High Court of England & Wales to transfer its business into two new entities: American International Group UK Limited [AIG UK] and AIG Europe SA [AESA] in preparation for the UK’s exit from the European Union. This... Read more of this article
Premier Updates Opposition Leader On EU Talks
Premier David Burt meet with newly sworn in Opposition Leader Craig Cannonier today [Sept 27] to provide an update on the latest round of discussions with the European Union. Premier Burt tweeted the photos below, saying, “In Parliament I pledged to keep the Opposition informed of developments related to Bermuda’s negotiations with the European... Read more of this article
Premier Burt Concludes Visit To Europe
Premier David Burt is concluding his visit to Europe, which included his visit to Paris for the OECD Blockchain Summit, his attendance at the Eurofi Financial Forum in Vienna, and his visit to Brussels, where he was the guest speaker at ABIR’s 11th Annual International Insurance Regulatory Issues Dialogue. At today’s [Sept 7] ABIR conference the... Read more of this article
ABIR Companies Operate In 20 EU States
Bermuda’s global [re]insurance market has a “growing positive impact on the European Union, with companies providing critical coverage to European policyholders and businesses,” according to a recent study by the Association of Bermuda Insurers & Reinsurers [ABIR]. The group’s 13th Annual Economic Impact Survey, gathering 2017 data... Read more of this article
Haziza Earns France’s National Order of Merit
Mrs. Nicole Haziza, the Honorary Consul of France in Bermuda, has recently received the distinction of France’s National Order of Merit, for her outstanding service to the country. The ceremony was hosted by the Governor at Government House. The ceremony was first introduced by the Governor, who praised Mrs. Haziza’s “valuable contribution to... Read more of this article
Premier Burt Updates On European Council List
“Bermuda’s commitment letter was sufficiently clear and we therefore were not entered on the list of non-cooperative jurisdictions by the European Council,” Premier and Minister of Finance David Burt said in the House of Assembly today [June 8]. In providing an update on the dialogue with the EU, Premier Burt said, ”Subsequent... Read more of this article
EU Release Bermuda’s ‘Commitment Letter’
The Council of the European Union has released “commitment letters” from a number of jurisdictions, including Bermuda, with the letter noting Bermuda’s “long standing and constructive relationship with the EU” and committing to address the concerns about “defacto lack of substance for entities doing business in or... Read more of this article
Trip To Switzerland For WEF Forum Cost $7,156
A trip in January 2018 by Premier and Minister of Finance David Burt to Switzerland for a series of meetings coinciding with the 48th World Economic Forum Annual Meeting cost $7,156.29, according to a recent listing on the Government’s travel webpage. The trip duration was listed as from January 21, 2018 – January 26, 2018, and the web page listing... Read more of this article
Column: British Nationals, EU Citizenship, Brexit
[Opinion column written by Adrienne Yong] British citizens living across Europe are waiting to see if an upcoming ruling by the Court of Justice of the EU [CJEU] could give them a bit more certainty about their rights after Brexit. A Dutch court in Amsterdam recently asked the European court for clarification in a case brought by five British nationals,... Read more of this article
Eight Jurisdictions Removed From EU Blacklist
Barbados, Grenada, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and the United Arab Emirates have been removed from the European Union’s list of non-cooperative jurisdictions for tax purposes. The European Council said, “Eight jurisdictions have been removed from the EU’s list of non-cooperative jurisdictions for tax purposes,... Read more of this article
Report: EU To Target Territories In Brexit Talks
Demands to open up Britain’s “network of overseas tax havens are set to be used by the EU as leverage to force concessions during Brexit trade talks,” according to a report from the Independent, which stated that “as things stand it looks like Bermuda will be given a clean bill of health by the EU.” The story said, “Demands... Read more of this article
Video: Premier Burt On Relationship With EU
Bermuda is one of the leading countries in adopting country by country reporting for multi-national enterprises, and we will continue to cooperate with the European Union who is an “important partner for Bermuda,” Premier and Finance Minister David Burt said. These were some of the comments from Premier Burt when he sat down with Bernews... Read more of this article
Premier Burt On European Council Conclusions
Following the ECOFIN meeting in Brussels, Finance Ministers of European Member States “reaffirmed Bermuda’s status as a cooperative tax jurisdiction, “Premier David Burt said. Speaking in the House of Assembly today [Dec 8], the Premier, who also serves as Minister of Finance, said, “As I have said time and time again, Bermuda is... Read more of this article
‘EU Decision Demonstrates Bermuda’s Position’
[Updated] The Government of Bermuda said they note that the Economic and Financial Affairs Council [ECOFIN] has “reaffirmed Bermuda’s status as a cooperative tax jurisdiction.” Premier David Burt said, “Once again the EU has recognized Bermuda’s status as a cooperative jurisdiction, despite the interest surrounding a hack on a global... Read more of this article
Premier Travels To UK & Europe For Meetings
Premier and Minister of Finance David Burt traveled to United Kingdom this weekend, with the Premier set to participate in a series of meetings in London and Europe. “The Premier will attend the annual Joint Ministerial Council [JMC] at the invitation of Lord Ahmad of Wimbledon, the Minister of State for the Commonwealth and the United Nations... Read more of this article
Premier On Meetings In Brussels, Paris, London
Speaking in the House of Assembly today [Oct 20], Premier and Minister of Finance David Burt provided an overview of his recent engagement in Brussels, Paris and London. Premier Burt said, “Europe is going through its greatest reform in our lifetime. It is responding to the impact of United Kingdom’s decision to leave the European Union, and... Read more of this article
