17 results found

A recent decision of the Hong Kong High Court, Moulin Global is a rare example of a director of a Bermuda company being held liable to the company for breach of duty.

With defaults and insolvencies on the rise due to difficult trading conditions caused by, amongst other things, the global pandemic, lenders and secured parties (a "Secured Party")...

Bermuda remains a jurisdiction of choice for holding companies, insurers, investment funds and asset-owning vehicles, with lenders regularly taking security from Bermuda entities. This advisory examines the legal framework governing security interests in Bermuda, from registration priorities to enforcement mechanisms. Understanding these considerations is essential for secured parties seeking to protect their interests and ensure effective remedies when financing Bermuda-based entities.

The Land Title Registration Act, 2011 (the "Act"), as recently amended, is likely to come into full effect in August.

Following extensive consultation with the public and private sector, the Partnership Law Amendments are a major re-working of Bermuda's partnership product...

Bermuda to fast track the incorporation process for collective investment schemes

There has long been a significant number of mutual companies on the Bermuda register, particularly shipping mutuals, known as Protection and Indemnity (P&I) clubs, whose purpose is to obtain coverage for risks such as hull damage, strike loss, war risks, freight, demurrage and defence.

A discussion on the features and implications of a mortgage.

Recent changes made by the Bermuda Monetary Authority (BMA) to improve processes specific for catastrophe and mortgage bonds, shows that the island is listening to its clients...

Gretchen Tucker is a Bermuda and UK (non-practicing) qualified barrister and the Head of Regulatory & Risk Management at BeesMont Law Limited.

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.

The Cayman Islands Companies Act (the "Act") imposes continuing obligations on all types of companies.

Bermuda vehicles are regularly used in both 'off-balance sheet' financing structures, where the owner of the aircraft is an 'orphan' and 'on-balance sheet' structures...

Bermuda vehicles are regularly used in both ‘off-balance sheet' financing structures, where the owner of the aircraft is an ‘orphan' and ‘on-balance sheet' structures...