ARTICLE
15 March 2017

Bermuda Parliament Approved Bespoke Privacy Framework

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BeesMont is a Bermuda law firm which specialises in the areas of investment funds, structured finance, secured lending, aircraft registration & financing, M&A transactions, corporate advisory & governance work, dispute resolution/litigation and property transactions. As a boutique firm, we are focused on being responsive, innovative and results orientated for our clients.
Assembly and the Senate and now awaits a final review by the Premier and the Attorney General before being sent to the Governor to receive Royal Assent on behalf of Her Majesty the Queen.
Bermuda Privacy
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Co-authored by Timothy Faries and Steven Rees Davies (Appleby)

The Personal Information Protection Act 2016 (Bill) has been passed in both the House of Assembly and the Senate and now awaits a final review by the Premier and the Attorney General before being sent to the Governor to receive Royal Assent on behalf of Her Majesty the Queen.

Minister Grant Gibbons has already confirmed that the appointment of a privacy commissioner will follow soon after enactment of the legislation.

The Bill introduces a landmark statutory penalty regime to be enforced against all organisations and individuals that fail to comply with the statutory framework for the protection of personal information.

These penalties include financial compensation for financial loss and emotional distress:

  • on summary conviction, in the case of an individual, to a fine of up to $25,000.00 or up to two years of imprisonment or to both; and
  • on conviction on indictment, in the case of a person other than an individual, to a fine of up to $250,000.00

The Bermuda Government has indicated that the Bill will be subject to a two year delay prior to its implementation to allow organisations to prepare, however the specific timeframe will require confirmation from the Government upon the Bill receiving Royal Assent.

Notwithstanding the potential delay in implementation of the Bill, persons in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
15 March 2017

Bermuda Parliament Approved Bespoke Privacy Framework

Bermuda Privacy
Contributor
BeesMont is a Bermuda law firm which specialises in the areas of investment funds, structured finance, secured lending, aircraft registration & financing, M&A transactions, corporate advisory & governance work, dispute resolution/litigation and property transactions. As a boutique firm, we are focused on being responsive, innovative and results orientated for our clients.
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