CORPORATE RESTRUCTURING & INSOLVENCY
BDO Bahamas are well known for the liquidation, insolvency and corporate recovery services that they provide clients. We have participated in numerous bankruptcies and receiverships worldwide since our inception, and have built a cumulative wealth of experience of over 50 years in the field.
The firm is best known for its participation in many high profile complex cross border Insolvencies and liquidations, receiverships, winding up of companies and as trustee in bankruptcies, which include but are not limited to; Americas International Bank, Banco Ambrosiano, BCCI, Olympus Univest Ltd, Dominion Investments (Nassau) Ltd and The Grand Bahama Port Authority.
The most notable liquidation is the Banco Ambrosiano bankruptcy and the landmark decision in the United States District Court for the Southern District of New York referred to as “in re Culmer”, which set a worldwide precedence in liquidation proceedings. This decision is referred to in global insolvencies and established that the provisions of Bahamian law relating to liquidation proceedings are in substantial conformity with the laws of New York, and is the seminal authority for the recognition in the United States of Bahamian based insolvencies.