This article first appeared in the Chambers and Partners Insolvency 2022 Guide. The guide provides the latest legal information on the various types of voluntary and involuntary restructurings, reorganisations, insolvencies and receiverships; out-of-court restructurings and consensual workouts; secured and unsecured creditor rights; international/cross-border issues and processes; and the duties and personal liability of directors and officers.
Focus on provisional liquidation as a restructuring tool
Many of 2022s restructuring cases illustrate important trends and developments regarding Bermudas light touch provisional liquidation (or provisional liquidation for restructuring purposes as it is also known), a technique used many times o…
Read the full article at: https://kennedyslaw.com/thought-leadership/article/bermuda-provisional-liquidation-as-a-restructuring-tool/