Bermuda: Cat Bond Market Momentum to Persist After Year of Surprises
It’s been a record breaking year for the catastrophe bond market, and the momentum is having a positive influence on the wider insurance-linked securities (ILS) sector, according to Brad Adderley, Bermuda Managing Partner, Appleby.
BVI Court hands down its written judgment outlining its reasons as to why s. 284 and 285 of the BVI Insolvency Act, 2003 - the summonsing of an officer or former officer of a BVI company (amongst other people) for examination under oath -– has extraterritorial effect.
Schemes of Arrangement are often used as a successful restructuring tool, whether by way of a scheme promulgated in a company’s home jurisdiction or overseas.
Crypto Debt finds firm ground in the Singapore High Court for supporting a winding up petition. Would the same apply in other common law jurisdictions, including the BVI?
Bermuda: How to improve IT project outcomes
Transformative IT projects are not for the faint of heart, as they carry with them high probabilities of cost overruns, material delays and unacceptable service deficiencies.
Arbitration Clauses & Insolvent Winding Up Proceedings: The Cayman Anomaly
Much has been written in the wake of the Privy Council’s decision in FamilyMart China Holding Co Ltd v Ting Chuan (Cayman Islands) Holding Corp about how Cayman is a pro-arbitration jurisdiction.
Bermuda: Insolvency in a Consistently Reliable Restructuring Jurisdiction
This article discusses the defining features of Bermuda’s insolvency landscape and the primary insolvency and rescue procedures available under Bermudian law, including compulsory liquidations and schemes of arrangements.
Cayman Islands Real Estate Finance and Investment Outlook 2023
The Cayman Islands continue to offer attractive opportunities for real estate finance and investment. This article explores the current state of the Cayman Islands’ real estate market (post second quarter market trends), the factors driving investment, and the considerations that make Cayman an appealing choice for investors.
Isle of Man Trusts and Trustees Act 2023 Update
The much anticipated Trusts and Trustees Act 2023 received Royal Assent on the 18 July 2023, bringing into force sections 1 and 2. The remainder of this Act comes into operation by Appointed Day Order 4 December 2023.
Uncertainty Over Control Test in Sanctions Relating to Russia
Bermuda-based companies undertaking business with Russian entities must comply with the island’s sanctions regime, which has expanded significantly since the beginning of the war in Ukraine.
Navigating AI Service Contracts
Organisations are increasingly using and relying on the many commercial advantages of artificial intelligence to model risk, fabricate simulated data, create analytical reports and even generate computer code.
Aquapoint L.P. v Xiaohu Fan CICA (Civil) Appeal no. 0014 of 2022 (Grand Court cause no. FSD 0157 of 2021 (DDJ)), 4 October 2023
