Conyers is a member of INSOL International’s Group of 36, and Conyers lawyers are active in INSOL International and its member associations in Bermuda, the British Virgin Islands and the Cayman Islands, as well as the International Bar Association and other industry groups. Our market-leading team will help you navigate immediate challenges, and work with you on a plan to maximise value and find sustainable long-term solutions.
Today’s businesses are operating amidst unprecedented market pressures: supply chain issues, oil price volatility, rising interest rates and geopolitical disruption. The resulting liquidity issues and financial distress have led many corporations to seek breathing space to reorganise their debt and equity. When faced with these challenges, you need specialised restructuring tools that bring real value supported by professionals who know how to use them effectively. You need timely action delivered by the right team to guide the process with a solutions-driven mindset and offer a flexible, creative approach, allowing you to act decisively.
Conyers has extensive experience with highly complex, cross-border corporate, debt and equity restructurings, including recent work for Digicel, Seadrill, Weatherford and the Noble Group of Companies. Our restructuring and turnaround teams comprise members of the firm’s litigation, corporate and finance, insurance and trust practices to bring the broadest range of expertise to the table.
Our strength lies in understanding the commercial drivers and complexities of the relevant industry and offering the most efficient strategy, whether that is a tried and tested approach or an innovative solution for a special situation. Our restructuring experience covers a wide range of sectors, such as banking, funds, telecommunications, insurance and reinsurance, and offshore energy, including publicly listed companies on US, UK, Norwegian and Asian exchanges.
Corporate Recovery Group
Conyers is unique among top-tier offshore firms in offering a dedicated Corporate Recovery Group advising on Bermuda, British Virgin Islands and Cayman Islands laws, from offices in those jurisdictions and in the key financial centres of Hong Kong, London, and Singapore. Our restructuring and insolvency practice has a distinguished track record of advising on some of the most complex international and local restructurings, liquidations and receiverships in Bermuda.
The increasingly complicated and multi-jurisdictional nature of restructuring transactions require substantial expertise from diverse practice areas and jurisdictions. Conyers offers a global, multi-faceted team with senior attorneys and other experts who help with all aspects of corporate recovery and restructuring:
- restructuring support agreements, amended or supplemental indentures, explanatory memoranda and other scheme of arrangement and compromise documentation
- interim or long-term financing arrangements and security for your business, including debtor-in-possession financing options
- registered agent, registered office, director and secretarial services, as well as specialised company trust, management, compliance and governance services
- regulatory filings and compliance requirements, both contentious and non-contentious
- courtroom advocacy, court filings and procedures, strategy, urgent court protection and office-holder appointments in connection with promoting a restructuring process
Insolvency
Conyers can offer you highly expert lawyers who are well versed in insolvency matters, suggesting practical solutions from a flexible, creative approach that best meets the particular requirements. We respond immediately in what are typically high-pressure, time-critical situations.
We can advise around the clock, offering a seamless service by our integrated teams in our offices in Bermuda, the BVI, Cayman Islands, London, Singapore and Hong Kong. Our knowledge of local law and know how is put to the best use in devising solutions to multijurisdictional insolvencies, no matter how complex they are. Our strength lies in understanding the commercial drivers and complexities of the relevant industry and offering the most efficient strategy, whether that is a tried-and-tested approach or an innovative solution for a special situation.
Conyers provides a full suite of transaction and advisory services:
- debtor-in-possession (DIP) financing and distressed financing
- solvent and insolvent schemes of arrangement
- mergers and amalgamations of companies
- continuance and discontinuance of companies
- winding-up, insolvency and bankruptcy proceedings
- receiverships
- corporate reorganisations
- recognition and assistance proceedings (including under US and UK insolvency laws)
- voluntary, compulsory and official liquidations
- D&O liabilities & indemnities and D&O insurance advice
- capital reductions
Contentious Insolvency & Restructuring
Conyers’ litigation practice is pre-eminent in Bermuda for its extensive experience with contentious insolvencies and restructurings. We investigate, pursue and defend claims for and against insolvent companies and directors and advise on all issues arising in insolvency proceedings. Conyers lawyers have advised on numerous matters involving the collapse of international companies, groups of companies with a presence in Bermuda and local companies. We provide advice to directors and officers, creditors, debtors, liquidators and receivers. We frequently appear before the Bermuda Courts in relation to disputes arising in insolvent liquidations.
Our team has acted on some of the largest and most high-profile receiverships in Bermuda, and we frequently advise on the appointment of receivers both by the Court and under contractual documentation. We have prepared and implemented many of the schemes of arrangements (both creditor and shareholder) which have been put into effect for insolvent companies. Conyers also provides administrative and legal services relating to solvent voluntary liquidations, including acting as liquidators.
Get in touch with our team