Bermuda introduces incorporated segregated accounts legislation

Bermuda has introduced legislation that allows for the creation of segregated accounts, or cells, with separate legal status. According to Bermuda-based law firm Conyers, the Incorporated Segregated Accounts Companies Act 2019 (ISAC) is companion legislation to the Segregated Accounts Companies Act 2000 (SAC). “Both the SAC and the new ISAC ringfence the assets of each individual cell from the creditors…

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