Over the years, Bermuda has grown to become a part of the world’s interdependent financial system and this has had its consequences as the island looks to continue to compete on the world stage. Regulatory requirements have increased, both in law and in practice, around...
MJM continues to be active in banking litigation matters for several well know banking institutions in Bermuda. As 2023 comes to an end, we look back at some of the most interesting and noteworthy cases decided by the Bermuda courts over the course of the...
By Arno Duvenhage and Jennifer Haworth The recent judgment of the Bermuda Court of Appeal in The Hongkong and Shanghai Banking Corporation Limited v NewOcean Energy Holdings Limited [2022] CA (Bda) 16 Civ, illustrates an ongoing tug of war in Bermuda when interpreting and applying the principles...
Equity Trust (Jersey) Ltd (Respondent) v Halabi (in his capacity as Executor of the Estate of the late Madam Intisar Nouri) (Appellant) (Jersey) ITG Ltd and others (Respondents) v Fort Trustees Ltd and another (Appellants) (Guernsey) - Privy Council Appeal No 0199 of 2019 On 13...
MJM advised Northern Drilling Limited on the spin-off of its fleet of two semi-submersible rigs into Northern Ocean Ltd. MJM also advised on Northern Ocean’s equity raise comprising of a private placement and a subsequent offering that raised over $100 million, the closing of an...
MJM recently received recognition in Marine Money for its market leading Ship Finance Practice. Here are the highlights of key deals in 2019: Deal Name: Project Sprint Companies: Frontfleet Ltd as buyer and Frontline Ltd as buyer guarantor (MJM clients) and Trafigura Maritime Logistics Pte. Ltd., as seller, Trafigura Group Pte....
In May 2017, MJM obtained an order for possession and sale on behalf of HSBC Bank Bermuda Limited (the “Bank”) in respect of a mortgaged property owned by two guarantors following the default by the borrower. Approximately, one year later, after the Bank had actual possession of the property, the...