Mondaq All Regions - Bermuda: Insolvency/Bankruptcy/Re-structuring
Harneys
Harneys' affiliate office Zuill & Co contributed "Bermuda: Restructuring & Insolvency" in The In-House Lawyers, Restructuring & Insolvency Country Comparative Guide.
Sedgwick Chudleigh
Bermuda is a self-governing British Overseas Territory. The systems of law administered in Bermuda are local Bermudian legislation, Bermudian common law (as developed from English common law)...
Sedgwick Chudleigh
The systems of law administered in Bermuda are local Bermudian legislation, Bermudian common law (as developed from English common law), and UK legislation expressly made applicable to Bermuda.
Harneys
Insolvency law in Bermuda is principally regulated by the Companies Act 1981 and the Companies (Winding-Up) Rules 1982, supplemented by a wide body of case law.
Appleby
Now is the time to start planning the termination of a Cayman Islands company if you wish to avoid 2016 Annual Fees and expenses.
Appleby
Solvency II, the European initiative to overhaul the capital adequacy regime of the European insurance industry and create an agreed set of capital and risk management requirements, is scheduled to come into effect on 1 January 2016.
Conyers Dill & Pearman
The Bermuda court has no general jurisdiction under the Companies Act or at common law to wind up foreign companies that do not conduct business in Bermuda.
Appleby
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.
Appleby
It is very difficult for those practising in the field of cross-border insolvency and restructuring not to notice the significant moves towards international comity by various jurisdictions around the world.
Appleby
Netting, or set-off (the terms are used interchangeable), is the accounting process whereby two parties who have traded together, with each owing the other various sums of money, calculate a “net sum” by adding all sums owed to one party and deducting the sums owed by that party to the other.
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Sedgwick Chudleigh
Bermuda is a self-governing British Overseas Territory. The systems of law administered in Bermuda are local Bermudian legislation, Bermudian common law (as developed from English common law)...
Harneys
Insolvency law in Bermuda is principally regulated by the Companies Act 1981 and the Companies (Winding-Up) 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.
Sedgwick Chudleigh
The systems of law administered in Bermuda are local Bermudian legislation, Bermudian common law (as developed from English common law), and UK legislation expressly made applicable to Bermuda.
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