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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Cayman Islands Law Update: the Exempted Limited Partnership Bill and the Contracts (Rights of Third Parties) Bill
Following extensive consultation in both the public and private sectors, the Exempted Limited Partnership Bill 2014 was gazetted on 21 February 2014.
The court looked at the issue of whether a stranger to a trust, who dishonestly assists in a breach of trust, is a ‘trustee’ within the meaning of s21(1)(a) of the UK Limitation Act 1980.