John Wasty is Local Group Head of Dispute Resolution in Bermuda and Global Head of the Insurance Disputes team.
John also heads the Bermuda Insolvency & Restructuring team and the Bermuda Regulatory Disputes team.
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 as well as insurers, reinsurers, policyholders, captives and brokers in disputes in the London Market, the US, Europe and Asia. He is also frequently involved in major arbitrations in Bermuda and internationally in both commercial and insurance/reinsurance matters.
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 insolvency disputes and advisory work. John has extensive experience in a broad range of corporate governance matters. He also regularly advises on sanctions related issues.
John frequently advises on schemes of arrangement and complex multi-party restructurings involving multiple jurisdictions.
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, as a “Leader in his Field”, and ranked band 1 for Dispute Resolution. According to Chambers Global 2018 "He's our go-to person for litigation of any kind." They explained "We can always trust that he will be pragmatic and frank about the strength of our arguments, while still putting our best foot forward in any action." Chambers Global 2016 mentions John as widley recongnised for his "broad litigation practice and focus on insurance and reinsurance cases." He is described as "an excellent drafter, and also someone who's not afraid to nail his colours to the mast and tell you exactly where you stand. Some lawyers will sit on the fence, but not John."
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 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 listed as being among the world's preeminent lawyers in The International Who's Who of Insurance and Reinsurance Lawyers, The International Who's Who of Business Lawyers and The International Who's Who of Asset Recovery 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.
“[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.”