Restructuring and insolvency in Bermuda: overview | Practical Law

Restructuring and insolvency in Bermuda: overview | Practical Law

A Q&A guide to restructuring and insolvency law in Bermuda.

Restructuring and insolvency in Bermuda: overview

Practical Law Country Q&A 9-505-8289 (Approx. 16 pages)

Restructuring and insolvency in Bermuda: overview

by Lilla Zuill and Jayson Wood, Zuill & Co* and Harneys
Law stated as at 01 Nov 2019Bermuda
A Q&A guide to restructuring and insolvency law in Bermuda.
The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform.
To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool..
This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit global.practicallaw.com/restructure-guide.