Bio

John Wasty is Global Practice Group Co-Head of Dispute Resolution and Head of the Dispute Resolution and Restructuring practice in Bermuda.

In his Bermuda role, John leads the Bermuda Insolvency & Restructuring team and the Regulatory Disputes team. John also leads the Insurance and Reinsurance Disputes practice globally.

He specialises in the areas of commercial litigation, restructuring, insolvency litigation, funds litigation and regulatory matters and has represented clients in a wide variety of commercial disputes in Bermuda, London, the US, Europe and Asia.

John frequently advises on a wide variety of contentious insolvency matters, complex multi-jurisdictional restructurings and all issues arising out of schemes of arrangement. In particular he has experience in Bermuda light touch provisional liquidations accompanying Chapter 11 proceedings in the US. In recent years John has advised on the Noble, Seadrill and C&J restructurings amongst many others.

His complex international and local commercial dispute resolution expertise includes shareholder and joint venture, funds and fund managers, M&A, financial institution, regulatory (particularly Bermuda Monetary Authority, Financial Intelligence Agency and Regulatory Authority of Bermuda) and advisory work. John has extensive experience in a broad range of corporate governance matters. He also regularly advises on sanctions related issues.

He is also frequently involved in major arbitrations in Bermuda and internationally in both commercial and insurance/reinsurance matters.

He advises insurers, reinsurers, policyholders, captives and brokers in disputes in the London Market, the US, Europe and Asia.

In the regulatory sphere, John has an extensive body of experience in dealing with the Bermuda Monetary Authority and the Regulatory Authority of Bermuda in relation to AML/ATF, banking/financial institution, telecommunications, insurance and reinsurance, and fund regulation and enforcement issues including regularly advising Bermuda’s largest companies and their management in connection with On-site Investigations, Warning Notices, Decision Notices and appeals of Bermuda Monetary Authority and Regulatory Authority of Bermuda decisions.

John is consistently recognised by Chambers Global since 2009 and ranked band 1 for Dispute Resolution. He has an enviable client roster that includes major players in the banking sector. He offers extensive experience in liquidation cases and is highlighted by sources for his “ability to balance his legal expertise with the commercial aspects of rendering advice to clients.”

John is also repeatedly recommended by Legal 500 Caribbean as a ‘Leading Individual’ for his dispute resolution practice where he has been referred to as “one of the best litigators around, providing excellent technical yet business-savvy legal advice and jumping in with both feet to do all he can to support his client’s position,” and recommended for his Insurance and Reinsurance practice for providing “a tremendous level of service, including practical advice that focuses on solving the issues at hand.”

John is identified as a leading commercial litigator and insurance/reinsurance specialist in the Practical Law Company’s Which Lawyer Guide. He is also recognised as a thought leader in the Insurance & Reinsurance chapter of WWL: Thought Leaders – Global Elite 2021. John is also listed as being among the world’s preeminent lawyers in The International Who’s Who of Insolvency and Restructuring Lawyers,  The International Who’s Who of Insurance and Reinsurance Lawyers, The International Who’s Who of Asset Recovery and The International Who’s Who of Business Lawyers.

John is a Fellow of the Chartered Institute of Arbitrators. In addition to being admitted in Bermuda, John has also been admitted in New York, England, Hong Kong, Canada and the British Virgin Islands.

 

Publications:

Expertise:

John´s recent expertise includes:

  • Seadrill, Advised the coordinating committee representing a bank group holding USD 7.4 billion in secured debt, on Seadrill Limited’s successful completion of its USD 10 billion restructuring plan pursuant to its chapter 11 plan of reorganisation. This high profile restructuring was one of the most complex restructurings in history and the largest ever in the offshore drilling sector.
  • Virgin Group Investments, Advised the Virgin Group Investments Ltd, the investment arm of billionaire Richard Branson’s family, in connection with new cruise industry venture by designing and constructing two new world class cruise ships.
  • Triton Container International Limited, Advised on TCIL’s merger with TAL International Group, Inc., a NYSE-listed, US company (TAL). The transaction will create the world’s largest lessor of intermodal freight containers with revenue generating assets of $8.7 billion.
  • African Risk Capacity Insurance Company Limited, advised on the Bermuda incorporation and registration of African Risk Capacity Insurance Company Ltd, valued at USD$135 million, intended to help participating African Union member states become more resilient to extreme weather.
  • Large multinational transportation and shipping company, provided Bermuda law restructuring advice in a matter involving the restructuring of numerous internationally governed debt facilities. The proposed restructuring involves a number of new proposals novel to Bermuda law.
  • Large International Financial Institution, acted as Bermuda law expert in defending a large class action brought against the financial institution.
  • Very large global multinational oil and gas company, provided Bermuda law advice relating to potential restructuring plans and Bermuda schemes of arrangement in a complex group wide multi-national debt restructuring matter.
  • C&J Energy Services Limited, advised and represented C&J Energy Ltd and C&J Corporate Services (Bermuda) Ltd in respect of parallel provisional liquidation proceedings in Bermuda and chapter 11 proceedings in the United States of America.
  • L. F. Wade International Airport – The Financial Investors, advised on the Bermuda law relating to the financing of the redevelopment of the L. F. Wade International Airport in Bermuda (Redevelopment) pursuant to which the clients subscribed for USD 285 million of fixed coupon notes.
  • KeyTech Limited, advising in connection with a multi-layered transaction that included the acquisition of the remainder of Bermuda Digital Communications Ltd. (CellOne) and the acquisition by Atlantic Tele-Network, Inc., of a controlling interest in Keytech.
  • African Risk Capacity Insurance Company Limited, acted in connection with the expansion of the existing business (drought insurance coverage) to parametric risk models to underpin new parametric insurance programmes to cover tropical cyclone and flood risk for African Union member countries.

 

Education:

University of British Columbia (Canada) (JD)

Osgoode Hall Law School, York University (Canada) (LLM)

“[John] is one of the best litigators around, providing excellent technical yet business-savvy legal advice and jumping in with both feet to do all he can to support his client’s position.”

Legal 500 Carribean

Updates

21 Sep 2020 | News

Offshore Business Update

This is an update for our clients on how the authorities in our core jurisdictions are responding to...

5 Feb 2020 | News

Appleby announce a number of high profile appointments across its global offering

Leading Law Firm Appleby has announced a number of high profile internal appointments to further str...

15 Feb 2019 | News

Appleby Bermuda insurance team top ranked by Chambers

Appleby’s Insurance, Dispute Resolution and Corporate practices all recognised by Chambers Global ...

14 Feb 2019 | News

Appleby Dispute Resolution team expands with two Bermudian lawyers

Appleby Bermuda is delighted to announce the expansion of its highly skilled and consistently ranked...

Publications

31 Jan 2020 |

Restructuring & Insolvency 2020

First Published in Lexology Getting The Deal Through

16 Dec 2019 |

Americas Restructuring Review 2020

This chapter discusses the defining features of Bermuda’s insolvency landscape and the primary ins...

10 Dec 2019 |

The Insolvency Review – Seventh Edition

The seventh edition of The Insolvency Review  offers an in-depth review of market conditions and in...

28 Aug 2019 |

The Winding-up of C&J Energy Limited in Bermuda in 35 Days: A Case Study of Accelerated Winding-up in Bermuda

In the recent decision of Re C&J Energy Ltd and another the Supreme Court of Bermuda continued ...

24 Jun 2019 |

Offshore Company Petition Filings and Court Orders – current trends 2019 and review of 2018

Our latest Appleby report provides a snapshot of the petition filings and resultant court orders in ...

9 May 2019 |

Bermuda’s rescue culture in action: Noble Group Limited

The restructuring of Noble Group Limited was implemented by a combination of parallel schemes of ar...

Contributors: Lalita Vaswani

Related People

Bradley Houlston

Senior Associate: Bermuda

T +1 441 298 3250
E Email Bradley

John McSweeney

Associate: Bermuda

T +1 441 298 3251
E Email John

John Riihiluoma

Senior Counsel: Bermuda

T +1 441 298 3236
E Email John

Steven White

Partner: Bermuda

T +1 441 298 0992
E Email Steven

Hannah Tildesley

Counsel: Bermuda

T +1 441 298 3590
E Email Hannah

Lalita Vaswani

Senior Associate: Bermuda

T +1 441 298 3294
E Email Lalita

Jordan Knight

Associate: Bermuda

T +1 441 298 3213
E Email Jordan

Sam Riihiluoma

Senior Associate: Bermuda

T +1441 298-3203
E Email Sam

Luisa Olander

Associate: Bermuda

T +1 441 298 3556
E Email Luisa

Khiyara Krige

Senior Associate: Bermuda

T +1 441 298 3576
E Email Khiyara