Bermuda: Securitization & Structured Finance

This comprehensive guide examines how five major offshore jurisdictions—Bermuda, British Virgin Islands, Cayman Islands, Guernsey, and Jersey—approach close-out netting and set-off provisions in insolvency scenarios. The analysis explores the enforceability of ISDA Master Agreements and the critical distinctions between statutory frameworks and contractual arrangements across these financial centers.

Bermuda has long been established as one of the largest and most developed offshore jurisdictions for asset-backed securitisation transactions, most notably in the aircraft and aircraft engines sectors,