Bermuda:
Lending And Taking Security In Bermuda: Overview
30 July 2018
Wakefield Quin Limited
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A Q&A guide to lending and taking security in Bermuda. The
Q&A gives a high level overview of the lending market, forms of
security over assets, special purpose vehicles in secured lending,
quasi-security and guarantees. It covers creation and registration
requirements for security interests; problem assets over which
security is difficult to grant; risk areas for lenders; structuring
the priority of debt; debt trading and transfer mechanisms; agent
and trust concepts; enforcement of security interests and borrower
insolvency; cross-border issues on loans; taxes; and proposals for
reform.
Originally published by Practical Law. To view the
article in full
click here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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