Important judgment in PwC v Saad Investments Company and Singularis Holdings
The Court of Appeal for Bermuda (Zacca P, Auld JA and Bell AJA) has delivered an important judgment about the jurisdiction of the Bermuda court to assist foreign liquidators by ordering the production of documents by persons in Bermuda.
The interplay or conflict between the decisions of the Privy Council and the UK Supreme Court in Cambridge Gas v Navigator  1 AC 508, Rubin v Eurofinance  UKSC 46 and Al Sabah v Grupo Torras  2 AC 333 has been a source of great debate and litigation in the world of cross‐border insolvency.
The Bermuda Court of Appeal has provided clarity as to the common law position (at least in Bermuda) but less clarity in relation to the scope and control of statutory parallel insolvency procedures…
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The Trusts (Special Provisions) Amendment Act 2014 provides certainty regarding how far settlors can go without calling the validity of the trust structure into question.
This memorandum has been prepared for the assistance of those who are considering registration of a foreign limited partnership in the Cayman Islands.