Bermuda is a leading re/insurance jurisdiction and continues to be a global leader in innovative risk transfer solutions, including ILS, climate risk finance and insurtech. In keeping with other jurisdictions Bermuda’s (re)insurance legal and regulatory environment continues to develop responsibly, to protect consumers while also supporting the industry and facilitating the continued development of new, …
Since China’s accession to the World Trade Organisation (WTO) in 2001, China has been making significant efforts to comply with its WTO commitments and has been progressively opening the Chinese insurance market to the world. Since 2017, China has been the world’s second largest insurance market, only next to the United States. Official data shows …
1) 2023: An important year for data protection and cybersecurity in Switzerland Swiss data protection law is primarily set out in the Federal Data Protection Act (FDPA) and the Data Protection Ordinance (FDPO). As Switzerland is a member neither of the EU nor the EEA, the EU General Data Protection Regulation (GDPR) does not apply …
In late February 2023, IBM Security X-Force Threat, a team at IBM that deals with cyber threats, published its 2023 report which brings together global-scale information gathered in 2022. The Intelligence Index report tracks cyberattack patterns from billions of pieces of data, including computer networks, servers, personal computers, mobile phones, incident responses, vulnerability databases and …
This article sets out an overview of the data protection requirements under the Act on the Protection of Personal Information of Japan (‘APPI’). APPI was passed in 2003 and went into effect in 2005. It has been amended time to time, including the amendments in 2021 and 2022.
In-house counsel based outside The Bahamas frequently query about the data protection regime within the jurisdiction given the complexity of navigating cross-border data protection and transfer rules. With new data protection legislation and regulations being implemented around the world, it is often the case that businesses/entities who have no physical and/or corporate nexus to The …
It is often said that the speed of technological progress outstrips the law’s ability to keep pace. Nowhere is this more apparent than in the field of data protection and cybersecurity when almost daily reports of high-tech innovation contrast sharply with laborious and often ill-informed legislative debates over applicable and too frequently impractical regulatory frameworks. …
2023 Global General Counsel Summit Presented by the Association of Corporate Counsel 31 May – 2 June, 2023 Amsterdam, The Netherlands A globalised economy demands business leaders with an international mindset. The general counsel of today is a business leader, and as mitigators of risk they can often find themselves wearing multiple hats while …
Introduction A weak Yen and other factors continue to attract overseas investors to the Japanese real estate market. While this investment can take many forms, two of the most common financing structures are GK-TK and TMK (as defined in the graphics). J-REITs are often used for large-scale portfolios, but because of this structure’s longer timeline …
In last year’s winter edition, we highlighted certain aspects of the new ESG rules in Switzerland, which have entered into force in January 2022. The first ESG reports according to the new Swiss rules must be published in 2024, covering the financial year 2023. This also means that the risk assessments and due diligence processes …
