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This article explains how for almost twenty years now, de facto debtor-in-possession, management-led restructurings have been facilitated in Bermuda by reference to this bespoke restructuring regime.

Partners Kevin Taylor and Nicole Tovey, along with senior associates Benjamin McCosker and Shannon Dyer, have authored the Chambers 2020 Global Practice Guide: Insolvency - Bermuda: Law and Practice.

Harneys' affiliate office Zuill & Co contributed "Bermuda: Restructuring & Insolvency" in The In-House Lawyers, Restructuring & Insolvency Country Comparative Guide.

Now is the time to start planning the termination of a Cayman Islands company if you wish to avoid 2016 Annual Fees and expenses.

The Bermuda Court of Appeal yesterday handed down its eagerly awaited decision in the appeal against the decision in In the matter of Saad Investments Company Limited [2013] SC (Bda) 28 Com (15 April 2013) in which the Chief Justice reaffirmed Bermuda’s common law jurisdiction to assist foreign liquidators in accordance with the principles laid down in Cambridge Gas Transportation Corp v Official Committee of Unsecured Creditors of Navigator Holdings plc [2006] UKPC 26.

The Bermuda Court held that, at the very least, it has power to assist foreign liquidators by deploying general law remedies generally consistent with those to which a locally appointed liquidator would be entitled under local insolvency legislation.

Please find attached our latest Appleby report which provides a snapshot of data in relation to petition filings and resultant court orders in six of our offshore jurisdictions.

2016 was a rather exciting year for Bermuda from the legislative and regulatory perspective not only for the quantity and quality of developments in this arena...

In the November edition of the Private Client & Trust Bulletin, we sat down with Conyers Director, Jeffrey Elkinson.

As we look back on the decisions handed down by the courts of the major offshore jurisdictions during 2013, I am struck again by the extraordinary variety of matters covered.

It has become a relatively frequent occurrence for Bermuda companies to enter into ‘light touch' provisional liquidation in Bermuda for restructuring purposes.

Stephen John Hunt v Transworld Payment Solutions U.K. Limited (in liquidation) [2020] SC (Bda) 14 Com.

The economic impact of the Covid-19 pandemic has been severe and far-reaching. We are seeing otherwise viable companies forced to restructure liabilities and business structures to try and...

The sudden collapse of Lehman Brothers in September 2008 sent shockwaves around the globe. As the largest insolvency in history, Lehman's collapse was a pivotal moment in the 2007-2008...

First published in Corporate Live Wire, Bankruptcy & Restructuring – Expert Guide, November 2021

Following Up Energy Development Group Limited defaulting on convertible notes in January 2016, a petition to wind up the Company was filed in Hong Kong on 29 March 2016.

Trustees faced with a "momentous" decision concerning the affairs of a trust are well advised to seek prior sanction from their supervising court.