Bermuda: Criminal Law

Bermuda's legal framework offers sophisticated remedies for fraud victims, from pre-action information gathering through Norwich Pharmacal and Bankers Trust orders to asset preservation via worldwide freezing injunctions. This comprehensive guide examines the strategic stages of fraud litigation—investigation, asset preservation, substantive claims, and enforcement—while addressing emerging challenges posed by digital currencies and cross-border recovery mechanisms.

Mr Ivanishvili initiated litigation proceedings against various Credit Suisse entities across the world: in Switzerland (criminal proceedings against the banker and civil proceedings against the Bank), in Singapore (a claim against the trustee for breach of fiduciary duties) and in Bermuda.

This guide explores the latest legislative, regulatory and enforcement developments in Bermuda and provides expert analysis on industry-wide topics including the local legal framework, the main stages of a fraud case, parallel proceedings, cross-jurisdictional mechanisms, recent developments, technology and other impacting factors.