Bermuda has an outsized, first-class insurance and financial sector, attracting complex, multinational organisations from across the world.
Kennedys Law LLP
Bermuda Chapter covers common issues in restructuring and insolvency, including issues that arise when a company is in financial difficulties, restructuring options, insolvency procedures, tax, employees and cross-border is.
British Virgin Islands
David Harby and Nia Statham were successful in obtaining what is believed to be the first published judgment permitting the block transfer of insolvency and receivership appointments in the BVI.
When the Legal Practitioners Act, 2015 (the "LPA") came into force in the British Virgin Islands (the "BVI"), it rewrote the rules governing the legal costs that parties to BVI court proceedings can recover...
The long awaited reforms to Cayman Islands restructuring laws will come into force on 31 August 2022. The formal gazetting of these laws today (29 July 2022)...
The Cayman Islands insolvency and restructuring industry is welcoming the introduction of the much-anticipated reforms to the jurisdiction's restructuring regime.
The much-anticipated and welcome reforms to the Cayman Islands restructuring and insolvency legislation will come into force on 31 August 2022.
The Cayman Islands restructuring regime is poised to undergo a significant development that will allow companies to explore restructurings under the supervision of a Court-appointed company...
The Cayman Islands Government has confirmed that the long awaited reforms to Cayman Islands restructuring laws will now come into effect on 31 August 2022.
Conyers partner Jonathon Milne and associate Rowana-Kay Campbell in the Cayman Islands, and partner Anna Lin in Hong Kong, explain why the new Cayman restructuring regime...
On 24 June 2022, the Honourable Mr Justice Harris (of the High Court of Hong Kong Special Administrative Region) granted assistance to Cayman Islands appointed Joint Provisional Liquidators...
Later this year, amendments to Part V of the Cayman Islands Companies Act (the "Companies Act") will be introduced to commence a new restructuring officer regime available...
The restructuring officer regime is a standalone rehabilitation process which does
not require a winding up petition to be first
presented in order to obtain the protection...
Herbert Smith Freehills
Historically, the common law has only recognised foreign insolvency proceedings commenced in the jurisdiction in which the company is incorporated.
Herbert Smith Freehills
The Hong Kong Court of Final Appeal has taken a practical approach in interpreting the second core requirement, out of three needed, for a Hong Kong Court to exercise its discretion to ...
United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
A criminal complaint takes precedence over a civil claim or "Le criminel tient le civil en l'état", is a legal principle with origins in the French Penal Procedures Law...
The active trading of loans made to a borrower that has become unable to repay in full (known as non-performing loans or distressed debt) has been a feature of the North American and European...
Reports last week of the significant increase in corporate insolvencies and voluntary liquidations in England and Wales for Q2 demonstrate the combined impact of government COVID-19 support being withdrawn, soaring energy and fuel costs, ...
As a leading international finance centre, Jersey has sophisticated and robust measures to prevent, identify and remedy fraud. The Jersey Court has consistently and repeatedly sent a clear message...
In In re Modern Land (China) Co Ltd (Modern Land) the United States Bankruptcy Court recognised proceedings commenced in the Grand Court of the Cayman Islands (Court) in respect of a scheme of arrangement.