1. OVERVIEW
1.1 What are the main trends/significant developments in
the lending markets in your jurisdiction?
There were no changes to Bermuda's Companies Act 1981
(Companies Act) during 2018 affecting the rights
of secured parties or Bermuda's reputation as a leading
creditor-friendly jurisdiction.
In the aviation finance sector, effective 1 January 2018, the
Cape Town Convention and the related Protocol (Convention) came
into force pursuant to the Bermuda International Interests in
Mobile Equipment (Cape Town Convention) Act 2016. This ensures
Bermuda continues to be at the forefront of, and an attractive
jurisdiction for, aviation leasing and refinancing
transactions.
In 2018, Bermuda also passed two significant statutes that
enhanced its position as a world-leading fintech jurisdiction. The
Companies and Limited Liability Company (Initial Coin Offering)
Amendment Act 2018 (ICO Act), for initial coin
offerings, came into force in July 2018 and the Digital
