Bermuda Commercial Court issues Practice Direction adopting Judicial Insolvency Network’s Cross-Border Guidelines in Cross-Border Insolvency cases

On 15 March 2017, Chief Justice Kawaley issued a statement about the adoption by Bermuda’s Commercial Court of the Judicial Insolvency Network’s ‘Guidelines on Communication and Cooperation between Courts in Cross-Border Insolvency Cases’, by way of Practice Direction dated 9 March 2017.

The JIN Guidelines are designed to increase the effectiveness of insolvent restructuring proceedings involving one or more companies where related proceedings are simultaneously taking place in multiple courts.

The JIN Guidelines were adopted in Singapore in September 2016 and JIN members include, in addition to Singapore and Bermuda, judges from Australia, BVI, Canada, Cayman, England & Wales, Hong Kong SAR and the United States.

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