Corporate Recovery and Insolvency in Bermuda

June 2015

Sedgwick Chudleigh attorneys Alex Potts and Nick Miles co-authored the chapter on Bermuda law in the 2015 edition of The International Comparative Legal Guide to Corporate Recovery & Insolvency. The guide provides practical cross-border insight into corporate recovery and insolvency work.

The chapter provides a current and practical overview of the key legal issues in this practice area, and includes:
  • A review of the forms of security interest that may be created in assets in Bermuda.
  • A summary of reviewable transactions and clawback powers.
  • A review of the insolvency-related procedures that are available in Bermuda and a summary of recent trends in the use of ‘soft touch’ provisional liquidation.
  • Commentary on the availability in Bermuda of assistance with foreign insolvency proceedings following the Privy Council’s decision in Singularis Holdings Limited v PricewaterhouseCoopers [2014] UKPC 36 and PricewaterhouseCoopers v Saad Investments Company Limited [2014] UKPC 35.