Bermuda law provides a detailed framework for the dissolution of companies and protection of creditors’ rights on insolvency. Our insolvency and restructuring lawyers have a wide range of expertise advising on contentious and non-contentious insolvencies and restructurings. Wakefield Quin advises companies and their directors as well as creditors and professional advisers on a wide variety of matters ranging from winding-up procedures to formulating schemes of arrangement and corporate rescues for shareholder and creditor groups to enable companies to reorganize or refinance their debt and other obligations. Our lawyers advise on a number of cross-border matters, including co-ordination insolvency and corporate reorganization proceedings, and the recognition of foreign judgements and liquidators and receivers appointed in other jurisdictions.
We have considerable experience acting for liquidators and provisional liquidators. We regularly represent creditors, shareholders and directors in relation to the appointment and removal of liquidators and in the recovery and protection of assets including in cases of fraud and constructive trust proceedings.