Lending and Taking Security in Bermuda: An Overview
- August 2019
Wakefield Quin Limited is proud to have contributed the Bermuda chapter on Lending and Taking Security to the UK Practical Law Global Guide. the publication was written by Erik L. Gotfredsen, Senior Counsel and Shareholder, and is available online.
The Guide gives a high level overview of the lending market, forms of security over assets, special purpose vehicles in secured lending, quasi-security, guarantees, and loan agreements. It covers creation and registration requirements for security interests; problem assets over which security is difficult to grant; risk areas for lenders; structuring the priority of debt; debt trading and transfer mechanisms; agent and trust concepts; enforcement of security interests and borrower insolvency; cross-border issues on loans; taxes; and proposals for reform.
Please client here to access the full publication.