Bermuda is a Familiar World

Synopsis: “Bermuda is another world” are the opening words of the calypso song with which you may be greeted with in the arrivals hall of the Bermuda International Airport. But when it comes to Bermuda’s corporate insolvency law, it may be more apt to say “Bermuda is a familiar world”; at least to practitioners in the UK and in other Commonwealth countries. Bermuda is still a colony of the UK or, I should say, an Overseas Territory, to give it its modern designation; and its laws are based, to a very large extent, on the laws of England and Wales which were current prior to the UK’s entry into the EEC (now the European Union).

Authors: Kehinde George

Published: The Insurance Receiver, Promoting Professionalism and ethics in the administration of insurance receiverships. www.iair.org

Article: Insurance Receiver

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