Alex Potts of Sedgwick LLP has published his article, Bermuda: Taking Charge of the Future – A Review of Recent Legislative Changes Relating to Trusts and Life Insurance Contracts. The articles discusses recent legislative developments, including some important pieces of legislation passed by Bermuda’s Parliament in recent months, which seek to clarify and modernise some important, albeit subtle, points of law and procedure relating to:
- the establishment and administration of trusts;
- the interpretation of life insurance policies governed by Bermuda law; and
- the assignment of life insurance policies by way of security.