Milbank LLP, together with Bermuda counsel Trott & Duncan, advised the Government of Bermuda in connection with the restructuring of a major real estate development project located at Morgan’s Point, Bermuda.
The Government of Bermuda is the lender of approximately US$160 million in connection with the development of Morgan’s Point, a major real estate property development in Bermuda. The transaction includes the planning and implementation of multiple legal actions initiated by the Government of Bermuda, including appointment of Provisional Liquidators requested by the Government of Bermuda and a parallel Chapter 15 filing in the United States. The Supreme Court of Bermuda appointed joint provisional liquidators in respect of the main borrower on 26 March 2020, and the US Bankruptcy Court for the Southern District of New York granted provisional relief in the Chapter 15 case on 27 March 2020.
The Milbank team representing the Government of Bermuda is led by partners Paul Denaro (Picture), Yushan Ng, Sinjini Saha, Tyson Lomazow and includes Andrew Leblanc, Erwin Dweck, Sarah Levin, Lynette Janssen, Matthew Kusel and Kamel Aitelaj.
Involved fees earner: Kamel Aitelaj – Milbank; Paul Denaro – Milbank; Erwin Dweck – Milbank; Lynette Janssen – Milbank; Matthew Kusel – Milbank; Andrew LeBlanc – Milbank; Sarah Levin – Milbank; Tyson Lomazow – Milbank; Yushan Ng – Milbank; Sinjini Saha – Milbank;
Law Firms: Milbank;
Clients: Government of Bermuda;