Mobile Menu
Articles

International Insolvency Cooperation In Bermuda

September 2009 Updated on 31 March 2010 Paul Smith

Bermuda has no legislation providing for the recognition of foreign insolvencies or for cooperation with foreign liquidators or administrators in insolvencies with an international element, equivalent to section 426 of the UK Insolvency Act 1986 or Chapter 15 of the US Bankruptcy Code. It has therefore been necessary for the courts to look to the common law in order to determine what assistance the Bermuda courts will provide in foreign insolvencies, as this article shows.

 

To continue reading full articles in PDF format:
International Insolvency Cooperation In Bermuda

 


Paul Smith
Partner, Head of Cayman Islands Litigation & Restructuring Practice

Cayman Islands   +1 345 814 7777


Accolades
_

"Few firms can come close to Conyers on one critical metric, and this is the breadth of the client base."
- IFLR1000

Related International Markets

Bermuda
Hong Kong
London
MENA
Singapore


Media Contact

For media enquiries, please contact media@conyersdill.com

Articles

International Insolvency Cooperation In Bermuda

30 September 2009 Updated on 31 March 2010 Paul Smith

Bermuda has no legislation providing for the recognition of foreign insolvencies or for cooperation with foreign liquidators or administrators in insolvencies with an international element, equivalent to section 426 of the UK Insolvency Act 1986 or Chapter 15 of the US Bankruptcy Code. It has therefore been necessary for the courts to look to the common law in order to determine what assistance the Bermuda courts will provide in foreign insolvencies, as this article shows.

 

To continue reading full articles in PDF format:
International Insolvency Cooperation In Bermuda

 


Paul Smith
Partner, Head of Cayman Islands Litigation & Restructuring Practice

Cayman Islands   +1 345 814 7777