The WLR Daily case summaries
[2019] WLR (D) 347
Privy Council
Walkers (Bermuda) Ltd v Bermuda Bar Council
[On appeal from the Court of Appeal for Bermuda]
[2019] UKPC 25
2019 Jan 29;
June 10
Lord Reed DPSC, Lord Kerr of Tonaghmore, Lord Hodge, Lord Briggs, Lady Arden JJSC
Bermuda— Company— Control— Prohibition on “control” of local companies by non-Bermudans— Bermudan barristers setting up local company with intention of operating under global law firm’s brand under licence— Proposed arrangement retaining Bermudan control of all company-related voting rights but allowing for effective commercial control by global firm— Bermuda Bar Council refusing to grant company certificate of recognition on ground of effective control being by non-Bermudans— Whether “control” to be determined by reference to voting power of directors and shareholders or to wider commercial arrangements —
Companies Act 1981 (c 62), s 114, Sch 3, Pt 1