Appleby is the leading provider of offshore legal, fiduciary and administration services. With an unparalleled presence in the key offshore jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius and the Seychelles, the group offers advice on offshore law. We also have offices in the international financial centres of London, Hong Kong, Zurich and Bahrain. With a network of offices around the globe, Appleby’s lawyers are able to work together in cross-border and multinational transactions.
Appleby specialises in advising on the establishment and operation of (re)insurance structures, mergers and acquisitions, segregated accounts companies, public and private offerings, regulatory compliance, policy and contract review, (re)insurance litigation and insurance-linked securities (ILS) products such as catastrophe bonds, collateralized reinsurance, industry loss warranties and sidecars, including the new class of special purpose insurer (SPI) introduced into Bermuda in response to the upsurge in demand for ILS products. An SPI is a special purpose, single transaction, or single customer (re)insurance company that typically funds its exposure to such risks through the proceeds of a debt issuance or some other financing mechanism.
Appleby was named “Offshore Law Firm of the Year 2010” by both The Lawyer and Legal Week.
Bermuda Stock Exchange (BSX)
Established in 1971 the Bermuda Stock Exchange (BSX) is now the world’s leading fully electronic offshore securities market, with a current market capitalization (excluding mutual funds) in excess of US$200 billion. There are 650 securities listed on the BSX of which nearly 350 are offshore funds and alternative investment structures. Trading occurs daily and settlement on a rolling T+3 basis using BEST, the BSX’s Central Limit Order Book trading mechanism which is tightly integrated with the Exchange’s clearing, settlement and depository platforms.The success of the BSX lies in its innovative approach to new products and markets and its ability to offer a ‘commercially sensible’ regulatory environment. The Exchange specializes in listing and trading of capital market instruments such as equities, debt issues, funds (including Hedge Fund structures), derivative warrant programmes and Insurance Linked Securities, including Catastrophe Bonds.