Mondaq Offshore: Insolvency/Bankruptcy/Re-structuring
Harneys
Insolvency law in Bermuda is principally regulated by the Companies Act 1981 and the Companies Rules 1982, supplemented by a wide body of case law.
Harneys
Harneys' affiliate office Zuill & Co contributed "Bermuda: Restructuring & Insolvency" in The In-House Lawyers, Restructuring & Insolvency Country Comparative Guide.
Harneys
Harneys partner Andrew Thorp and senior associate Mark Rowlands contributed "British Virgin Islands: Restructuring & Insolvency" in The In-House Lawyers, Restructuring & Insolvency Country Comparative Guide.
Maples and Calder
BVI law is a mixture of statute and common law. The principal statute governing corporate and personal insolvency in the BVI is the Insolvency Act 2003, which is supported by the regulations...
Walkers
The Privy Council decision is the most recent in the ongoing liquidation proceedings of Herald Fund SPC.
KRYS Global
Clawback claims in excess of $6 billion of overpaid redemptions have been brought by the Fairfield Sentry liquidators in about 300 United States Bankruptcy Court claims pending before Judge Bernstein...
Maples and Calder
Daniel Bayfield QC and NIck Herrod, primarily through the lens of the Ocean Rig restructuring, but also with reference to the CHC case, explore the circumstances in which the Cayman Islands...
KRYS Global
An order issued by the U.S. Supreme Court this morning denied Farnum Place, LLC's petition for certiorari.
Maples and Calder
In Re China Agrotech Holdings Limited the Cayman Islands Grand Court engaged in some impressive legal gymnastics to reach the right commercial result, granting a (very limited) form of recognition...
Campbells
In Ocean Rig, the Grand Court sanctioned four inter-related schemes of arrangement (the "Schemes"), as part of a group restructuring of over US$3.69 billion of New York law governed debt...
Walkers
The Ocean Rig restructuring process demonstrates that the Cayman Islands scheme of arrangement process is flexible and is well equipped to work through complex restructurings.
Maples and Calder
In a ground-breaking decision for the Cayman Islands as a restructuring centre, the Cayman Islands court has handed down judgment sanctioning four highly complex inter-linked schemes of arrangement.
Maples and Calder
In a decision that will reassure investors in Cayman Islands investment funds and other vehicles, the Grand Court has shown its willingness to facilitate the investigation of legitimate concerns raised...
KRYS Global
In a recent application for an increase in liquidators' fees in accordance with Practice Direction 3 of 2015...
Mayer Brown JSM
In a first in Hong Kong, the Companies Court has recently sanctioned a creditors' scheme of arrangement proposed by a Bermuda-incorporated...
Proskauer Rose LLP
Earlier this year, Hong Kong's insolvency regime turned a corner with the coming into effect of much needed amendments to its corporate insolvency statute, the Companies Ordinance.
ELVINGER HOSS PRUSSEN
EU Regulation 2015/848 of 20 May 2015 on insolvency proceeds ("New Regulation"), recasting the former Regulation (EC) 1346/2000 of 29 May 2000...
United Advocates
The new UAE Federal Decree Law No. 9 of 2016 was finally approved by the UAE Cabinet on 4 September 2016.
Global Business Services DMCC
Legal experts said the new law primarily involves four new procedures, each of those supervised by the court.
Afridi & Angell Legal Consultants
The new Bankruptcy Law of the UAE was enacted on September 20, 2016 as Decree-Law No. 9 of 2016. It was published in the Federal Official Gazette on September 29, 2016, giving it an effective date...
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Conyers Dill & Pearman
Bermuda, a leading offshore commercial centre, does not currently have any modern, express statutory provisions relating to recognition and assistance to foreign officeholders.
Mayer Brown JSM
In a first in Hong Kong, the Companies Court has recently sanctioned a creditors' scheme of arrangement proposed by a Bermuda-incorporated...
Maples and Calder
Maples and Calder advised Ocean Rig UDW and three of its subsidiaries in relation to the complex, cutting edge and successful restructuring of US$3.7 billion of financial indebtedness.
Walkers
The BVI Court has recently clarified the scope of the Norwich Pharmacal jurisdiction set out in UVW v XYZ.
Harneys
Insolvency law in Bermuda is principally regulated by the Companies Act 1981 and the Companies Rules 1982, supplemented by a wide body of case law.
KRYS Global
In a recent application for an increase in liquidators' fees in accordance with Practice Direction 3 of 2015...
BLC Robert
What systems of law are used within your jurisdiction and what are they used for (i.e. English law for project development, New York law for high yield issues)
Ogier
In Guernsey, Mr Douglass was a party to earlier proceedings and various judgments, in aggregate of nearly £2 million were entered against him.
Ogier
The schemes restructured the Scheme Companies' core financial indebtedness of approximately US$3.7 billion (plus accrued interest)...
Campbells
An ordinary litigant would not be restricted from commencing separate proceedings to enforce its proprietary or contractual rights to documents in those circumstances.
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