90 results found

Bermuda, a leading offshore commercial centre, does not currently have any modern, express statutory provisions relating to recognition and assistance to foreign officeholders.

In the recent decision of Re C&J Energy Ltd and another the Supreme Court of Bermuda continued a line of judgments which establish the court's willingness.

In 2013, the Caymanian liquidators of Singularis Holdings Limited ("SHL") sought information from PwC – the former auditor of SHL – by way of ex parte summons, which was granted. PwC applied...

In Re Ping An Securities Group (Holdings) Limited [2022] SC (Bda) 25 Com (8 April 2022), the Supreme Court of Bermuda (the "Bermuda Court") declined to appoint the nominee of a first creditors' meeting...

This guide explores the latest legislative, regulatory and enforcement developments in Bermuda, and provides expert analysis on industry-wide topics.

Bermuda's insolvency and restructuring landscape is distinct in a number of ways. In this article, we discuss three of those areas with recent developments.

This edition of the Bermuda Public Companies Update summarises significant transactions involving Bermuda companies listed on the New York Stock Exchange and Nasdaq in the second half of 2022.

A number of separate procedures are available to various interested parties upon the insolvency of a company in Bermuda.

This chapter discusses the defining features of Bermuda's insolvency landscape and the primary insolvency and rescue procedures available under Bermuda law, including compulsory liquidations...

This comprehensive guide examines how five major offshore jurisdictions—Bermuda, British Virgin Islands, Cayman Islands, Guernsey, and Jersey—approach close-out netting and set-off provisions in insolvency scenarios. The analysis explores the enforceability of ISDA Master Agreements and the critical distinctions between statutory frameworks and contractual arrangements across these financial centers.

In considering the type of security it will take, a lender will want to ensure that its security has not only been validly created and perfected but also that such security ranks as expected against other competing interests.

As the world slowly emerges from the initial emergency phase of the COVID-19 pandemic and life returns, albeit not to business as usual, at least to increasing economic activity, the deep financial implications...

The seventh edition of The Insolvency Review offers an in-depth review of market conditions and insolvency case developments.

Bermuda continues to reinforce its position as a leading international financial and (re) insurance centre, attracting multinational organisations from across the world.

Bermuda offers sophisticated restructuring and insolvency procedures that prioritize creditor interests while providing flexible solutions for distressed companies. The jurisdiction features provisional liquidation as a debtor-in-possession mechanism, schemes of arrangement for court-supervised reorganizations, and clear security enforcement rights that make it an attractive destination for cross-border restructurings.

Bermuda is an overseas territory of the United Kingdom, and its legal system is based on the English common law comprising statute and case law.

This article discusses the defining features of Bermuda's insolvency landscape and the primary insolvency and rescue procedures available under Bermuda law, including compulsory...

This edition discusses identifying assets, domestic judgments, foreign judgments and arbitral awards.