MJM Limited > Hamilton, Bermuda > Firm Profile

MJM Limited
THISTLE HOUSE
4 BURNABY STREET
HAMILTON HM11
Bermuda

Bermuda > Banking, finance and capital markets Tier 2

MJM Limited’s team, which is presided over by Jeremy Leese , specialises in asset and ship finance work, especially cross-border deals involving Norwegian and Asian shipping and offshore drilling clients. In addition, the department also receives a steady flow of real estate finance, corporate borrowing, acquisition finance and debt restructuring matters. Experienced counsel Brian Holdipp is another key name to note and regularly handles capital markets work such as high-value equity offerings and listings, most frequently in the shipping and oil and gas industries.

Practice head(s):

Other key lawyers:

Key clients

Avance Gas Holding Ltd.

Borr Drilling Ltd.

Clarien Bank Limited

Frontline Limited

Golar LNG Limited

Golden Ocean Group Limited

Hermitage Offshore Services Ltd. (formerly Nordic American Offshore Ltd)

HSBC

North Atlantic Drilling Ltd.

Northern Drilling Ltd.

Northern Ocean Ltd.

SFL Corporation Ltd. (previously Ship Finance International Limited)

2020 Bulkers Ltd

Work highlights

  • Advising Hygo Energy Transition Ltd. on the acquisition of Hygo Energy Transition Ltd. by New Fortress Energy Inc.
  • Advised Dalea Partners, LP on the delisting of Transatlantic Petroleum Ltd. from the NYSE.
  • Assisted Golden Ocean Group Limited with a $ 338m Private Placement.

Bermuda > Corporate and commercial Tier 2

Led by Jeremy Leese , MJM Limited’s ‘very service-minded and skilled’ corporate and finance department has considerable experience advising local and international clients on an assortment of corporate transactions and company law issues. Key areas of strength are M&A, joint ventures, corporate finance work, corporate governance work, and corporate reorganisations and restructurings; the group is also noted for its niche expertise in cross-border deals involving Norwegian and Asian shipping and offshore drilling clients. Regulatory and compliance expert Brian Holdipp and Leese provide ‘outstanding legal services’ in relation to ‘intricate corporate and commercial issues’.

Practice head(s):

Other key lawyers:

Testimonials

‘Jeremy Leese and Brian Holdipp are hands-on and service-oriented and offer professional and commercial advice of high quality.’

‘Brian Holdipp and Jeremy Leese have both provided outstanding legal services for our firm in connection with intricate corporate and commercial issues we have been dealing with for our clients. Their advice on Bermuda law and communication and relations with Bermuda lawmakers and authorities have been of great value, as well as their top of the class drafting of legal and corporate documents.’

‘Great team. Very service-minded and skilled.’

‘Brian Holdipp is skilled and pragmatic. He knows his clients very well, he is always available and very service-minded.’

Key clients

Avance Gas Holding Ltd.

Borr Drilling Ltd.

Clarien Bank Limited

Frontline Limited

Golar LNG Limited

Golden Ocean Group Limited

Hermitage Offshore Services Ltd. (formerly Nordic American Offshore Ltd)

HSBC

North Atlantic Drilling Ltd.

Northern Drilling Ltd.

Northern Ocean Ltd.

SFL Corporation Ltd. (previously Ship Finance International Limited)

2020 Bulkers Ltd

Work highlights

  • Advising Hygo Energy Transition Ltd on its acquisition by New Fortress Energy Inc. which would make NFE the leading gas-to-power company in Brazil.
  • Advised Dalea Partners, LP on the delisting of Transatlantic Petroleum Ltd. from the NYSE.
  • Assisted Golden Ocean Group Limited with a $338m Private Placement.

Bermuda > Dispute resolution Tier 2

The dispute resolution practice at MJM Limited has ‘strong capabilities and significant experience in contentious trusts issues’, from sophisticated restructurings to high-stakes disputes. Lauded as ‘one of the best litigators in Bermuda’, Fozeia Rana-Fahy  handles trusts matters and also receives a steady flow of instructions concerning insolvencies, commercial litigation, employment claims and contentious regulatory matters. Elsewhere, the ‘knowledgeable, measured and easy to work withJennifer Haworth excels in fraud, asset recovery and tracing matters, while Tim Molton (who was promoted to senior associate in March 2021) displays ‘excellent judgment and has proved himself in working on extremely complicated matters’. In April 2021, Andrew Martin  retired.

Other key lawyers:

Testimonials

It is a young but enthusiastic and driven team.’

Fozeia Rana-Fahy and Tim Molton are both excellent, particularly in the trusts litigation arena. They are able to juggle multiple large cases, which is impressive for a team so young.’

‘Jennifer Howarth is knowledgeable, measured and easy to work with.’

‘Fozeia Rana-Fahy is one of the best litigators in Bermuda. She has a wealth of experience and is not fazed by anything.’

Tim Molton has only just been made up as a senior associate, but will go very far. He has excellent judgment and has proved himself in working on extremely complicated matters.’

‘Very strong capabilities and significant experience in contentious trust issues. great team – easy to work with.’

‘Fozeia Rana Fahy is very hardworking, and has excellent client skills and a great understanding of the practice area.’

Tim Molton is very impressive, hard-working and enthusiastic.’

Key clients

Baker & McKenzie (Taiwan)

KRyS Global and Alvarez & Marsal Asia Limited (FDG)

Finance & Risk Services Limited and AJ Capital Advisory Pte Limited (Agritrade)

Deloitte

HSBC Bank Bermuda Limited

Commissioner of Police

Bermuda Civil Aviation Authority

Renaissance Holdings Limited (Subsidiary of Renaissance Re, Bermuda)

Work highlights

  • Representing Baker & McKenzie (Taiwan) in contentious trust litigation (over $10bn) concerning the validity of trusts and estate representation matters.
  • Representing Stewarts LLP (the primary beneficiaries) in a contentious family trust restructuring.
  • Representing KrysGlobal & Alvaraz Marsal Asia Limited (the joint provisional liquidators of FDG) in a complex restructuring/insolvency matter.

Bermuda > Real estate Tier 2

MJM Limited‘s property practice mainly advises on residential and commercial property acquisitions, spanning the residential, recreational, resort, industrial, commercial, hotel, office and retail sectors. The main name to note is vastly experienced department head Denis De Frias.

Other key lawyers:

Firm Overview:

MJM is one of Bermuda’s leading full service law firms with a reputation for excellence in our core practice areas including dispute resolution, corporate and finance, trusts and private wealth, property, insolvency and restructuring. MJM is a local firm which regularly works on large scale and prominent international work and is regularly retained by leading international law firms. MJM offers practical, highly responsive, cost effective advice based on in-depth knowledge of the legal, regulatory and commercial environment in Bermuda. We also offer a high degree of Director involvement in the work we do. Each practice area is led by a Director who is recognized as a leading practitioner in Bermuda in their respective field of specialization. Our collaborative approach across practice areas enables us to offer a comprehensive service to both our local and international clients. A complete range of corporate secretarial and administration services is also offered to MJM clients through Quorum Limited.

Main Areas of Practice:

Corporate & Finance: MJM’s experienced and innovative corporate team is positioned as a leading player in Bermuda’s international corporate business community. The team has earned a reputation for sound judgment and a practical, commercial approach in the areas of mergers and acquisitions; insurance and reinsurance; banking and asset finance; shipping finance; aviation finance; regulatory and corporate governance; tourism/hospitality and infrastructure projects.

Mergers & Acquisitions: Mergers and acquisitions are at the core of MJM’s corporate practice. The firm has extensive experience in advising on mergers and acquisitions of private and publicly traded companies, including takeovers, schemes of arrangement and the purchase and disposal of businesses and assets, as well as advising boards and shareholders in respect thereof.

Shipping Finance: MJM is seen as the pre-eminent shipping finance legal firm in Bermuda, with a particular focus on the Norwegian shipping and offshore drilling sector. The depth of the firm’s involvement in this sector is demonstrated by its enviable client list, many of which are Bermuda incorporated, Norwegian origin companies which are listed in Norway, the United Kingdom, the United States or Singapore, or a combination thereof. The firm regularly acts for either such companies as borrowers, or some of the largest global banking and financial institutions, as lenders, in a wide range of ship financing transactions. MJM is highly experienced in transactions involving initial public offerings, debt and equity offerings, acquisitions and sales of vessels and rigs, mortgages, assignments of insurances, deeds of covenants and leasing, often working alongside the world’s most high profile shipping law practices.

Banking & Asset Finance: Banking and secured lending are two of the firm’s specialist areas and for which it is widely recognised, with MJM acting for banks based in Bermuda and some of the largest global banking and financial institutions. MJM regularly provide legal commentary on the law of secured finance in Bermuda. The firm is involved in a wide range of transactions and advisory work for local and international banks including secured lending; acquisition finance; property and development finance; project finance; debt restructuring and workouts; enforcement of security and receivership and restructuring and insolvency. MJM regularly advises banks and other regulated institutions in Bermuda on operational matters, including compliance, AML regulation and discovery orders. In addition, the firm regularly advises on significant projects on island including infrastructure projects, such as the redevelopment of the Bermuda Airport, and refinancing and renovation of tourist resorts where the firm provides project finance and joint venture structuring advice.

Regulatory and Corporate Governance: MJM advises on all aspects of the governance and administration of companies, including directors’ duties and shareholder rights, minority shareholder protections and company secretarial matters. The firm is also highly recognised for the provision of regulatory advice given to clients of the firm, including, but not limited to, leading financial institutions. It regularly assists with regulatory advice in respect to multiple acquisitions and integrations of regulated entities.

Aviation Finance: The firm advises on a broad range of financing structures, including warehouse financing, asset-backed securities and bankruptcy-remote structures. It also advises on secured financings of Bermuda-registered aircraft, engines and spare parts, as well as registrations of aircraft and mortgages.

Insurance & Reinsurance: MJM’s insurance practice provides highly skilled legal assistance to insurers and reinsurers, as well as investors and market intermediaries. The firm adopts a multi-disciplinary approach to ensure it is able to deliver comprehensive and tactical advice to its clients in relation to the establishment and ongoing operations of (re)insurance companies and intermediaries, financing of (re)insurance groups including private and public capital raising; compliance and regulatory governance; domestic and cross-border insurance, reinsurance and captive insurance dispute resolution; contentious and non-contentious insolvency and schemes of arrangement.

Dispute Resolution: MJM provides advice and representation across a broad range of international and Bermuda based disputes in the areas of banking, company/corporate, construction, defamation, general commercial, restructuring and insolvency, personal injury, property and planning, public and constitutional law. The firm is known for its involvement in large scale, high value, complex international commercial, insolvency and trust litigation cases. The firm regularly advises financial institutions, regulatory bodies, the insurance/reinsurance industry, the hospitality sector on contentious and non-contentious matters.

Restructuring & Insolvency: MJM provide advice on all aspects of debt restructuring and insolvency work. The team are regularly instructed by large international firms, office holders (liquidators) and large commercial creditors to address winding up petition applications, creditor substitutions, liquidator changes and other matters. Additionally, MJM advise regarding schemes of arrangement and work with colleagues in the corporate and finance team to assist their clients with corporate refinance work in this area.

Employment & Immigration: Members of the employment, immigration and labour relations team have extensive experience advising on all aspects of complex employment and industrial relation issues. The team offers advice in the immigration field, handling all aspects of work permit applications and employment transfers, Bermuda status, nationality and residency applications, immigration related property ownership issues and appeals to the Government and to the Courts. The team regularly acts for established insurers and reinsurers and C-suite executives with regard to complex employment and immigration matters generally as well as though connected with mergers and acquisitions.

Trusts & Private Client: MJM provides pragmatic and responsive advice and is well qualified to assist clients in achieving efficient long term estate, succession, wealth and tax planning and/or to promote philanthropic objectives. The firm makes use of private wealth-holding and management structures, including private trust companies and Bermuda law trusts (often involving underlying corporate and partnership structures) and routinely advises institutional trustees (domestic and foreign), beneficiaries and trust protectors on matters involving Bermuda law issues and regularly represents these parties in high value and high profile contentious disputes.

Property: MJM’s property team is dedicated to assisting with all residential and commercial property acquisitions and sales (freehold and leasehold), mortgages and property related transactions. Projects and transactions include residential, condominium, resort, industrial, commercial, hotel, office, estate planning structures and retail properties. The team also provides practical and reliable advice on complex property issues relating to estate planning and also draws on the expertise of other MJM lawyers from the dispute resolution and corporate and finance teams. Recent work has included acting and advising on condominium development structures,; representing and advising overseas lenders on hotel resort redevelopment loans; representing and advising on large local Bank lending structures and representing and advising on receivership sales.

DepartmentNameEmailTelephone
Dispute Resolution Jennifer Haworthjhaworth@mjm.bm441 294 3615
Dispute Resolution Fozeia Rana-Fahyfranafahy@mjm.bm441 294 3612
Property, Trusts and Estates Hil de Friashdefrias@mjm.bm441 294 3634
Property, Trusts and Estates Denis de Friasddefrias@mjm.bm441 294 3633
Corporate & Finance Jeremy Leesejleese@mjm.bm441 294 3625
Partners : 5
Lawyers : 8
Paralegals : 3
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