Steven White is a partner in the Dispute Resolution team in the Bermuda office of Appleby. He is Head of Trusts Disputes in Bermuda and a mainstay of the Insolvency and Restructuring team.
Before joining Appleby in February 2018, Steven practised at another Bermuda law firm and also spent nearly ten years in commercial and chancery practice at leading barristers’ chambers on the North Eastern Circuit (New Park Court). He has many years of experience conducting cases at first instance and in the appellate courts, both in England and in Bermuda, as well as in arbitration and various specialist tribunals.
In Bermuda, Steven works on high value commercial disputes in the corporate, insolvency and trusts fields. He is particularly known for his experience in contentious trusts matters, where he leads one of the largest Trusts Disputes teams on the island in complex trust litigation and court approved restructurings, often with a strong multi-jurisdictional element. He has extensive litigation experience, including in fraud and asset tracing cases, enforcement actions, applications for injunctive relief (especially for freezing and proprietary injunctions) and minority shareholder disputes. He frequently advises on a wide range of corporate governance issues and issues related to director powers and responsibilities.
Steven also regularly advises on contentious insolvency matters, including disputed petitions and cross applications, costs issues, complex multi-jurisdictional restructurings, issues arising out of schemes of arrangement and related to Bermuda light touch provisional liquidations accompanying US Chapter 11 proceedings. In recent years he has advised, amongst others, in the Global Cloud Exchange, Portico International (formerly Ports), Energy XXI and GTL restructurings.
Steven has been recognised by Chambers Global as a leading commercial litigator and ranked in Band 3 for Dispute Resolution where he is referred to by sources as “a very effective” advocate. He is noted for his experience in handling cross-border disputes in the financial services, mining and telecommunications sectors and also for his ‘deep knowledge of trusts’. He has a roster of clients from the UK, US, Caribbean and Asia, including international and local companies, offshore fiduciary service firms, high net worth individuals and office holders, including directors, trustees and protectors.
Steven has also been consistently recommended by the Legal 500 Caribbean for his work in Bermuda since 2015, and is identified as a ‘Leading Individual’ and more recently as a ‘Next Generation Partner’. Sources have described him as “exemplary in dealing with cases”. International Who’s Who Legal 2019 lists him as a ‘Future Leader’.
Steven is a member of the Chartered Institute of Arbitrators (Bermuda), the Recovery and Insolvency Specialists Association (RISA, Bermuda) and the Chancery Bar Association. He is called to the Bars of England and Wales and Bermuda.
- Enforcement of Judgments – Law and Practice – Chambers and Partners Global Guides – August 2020
- Enforcement of Judgments – Trends and Developments – Chambers and Partners Global Guides – August 2020
- COVID-19: Holding the line – Standstill agreements and Moratoria (Bermuda section) – Appleby: Offshore Business Update – June 2020
Steven’s recent experience includes:
- Global Cloud Exchange (GCX). Advised and represented an ad hoc group of bondholders holding $350 million of bond debt in respect of Bermuda winding up proceedings and the debt restructuring of GCX and its affiliates in a US Chapter 11 Plan;
- Portico International (formerly Ports). Represented Portico in an application to delist and privatize the Hong Kong listed company through a scheme of arrangement which valued the takeover at $573 million;
- Diamond Wealth Holdings. Advised and represented Diamond Wealth, a creditor of Peace Map Holding Ltd, a Hong Kong listed company, with a debt value of HK$405,850,000 and appeared before the Court to obtain a winding up order;
- The Estate of Hung Wen-Hsiung: Proceedings are bought by one of the heirs of one of Taiwan’s most significant business empires. Our client is the Estate of Mr Hung. Mr Hung was an advisor to the founders and was involved in the establishment of their Bermuda Trusts. It is claimed that the Trusts are invalid under Bermuda law because the purposes are said to be for mixed charitable and non-charitable purposes and/or because of allegations of want of authority and/or undue influence;
- Titan Petrochemicals Group. Advised and represented a creditor of Titan¸ a Hong Kong listed company, with a convertible bond debt of HK$96.6 million in a rare Bermuda contested winding up petition;
- S v L. Advised and represented a committee of investors in proceedings to enforce $189 million in arbitral awards under the New York Convention, including freezing injunction and disclosure applications;
- Douglas Kelley (as liquidating trustee) v Steve G. Stevanovich & Ors. Represented a Bermuda corporate service provider in a ‘fishing expedition’ challenge to vary an order for examination and disclosure following a request for judicial assistance as part of the US recovery process in the $3.65 billion Thomas Petters’ Ponzi scheme;
- Sturgeon Central Asia Balanced Fund. Represented and advised an investment fund with an AUM of $48 million in contested applications for leave to appeal to the Privy Council against a winding up order on just and equitable grounds;
- A Trust. Acting for a high net worth beneficiary in contested Public Trustee v Cooper ‘blessing proceedings’ concerning an application for approval for a company controlled by the A Trust to make a very substantial investment of trust funds;
- FA and FB Trusts. Representing a Protector in the first removal proceedings to be heard before the Bermuda Courts. The case involved issues relating to the extent of express indemnity clauses and contemporaneous reimbursement of legal expenses in contentious proceedings where no allegation of fraud or dishonesty is made.
Inns of Court School of Law (London), Bar Vocational Course
University of Law (England), Common Professional Examination
University of Manchester (England), History Honours BA
“SMART, RESPONSIVE AND CREATIVE….. HE HAS EXCELLENT JUDGMENT AND IS VERY EASY TO DEAL WITH”