Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Baha Mar: A missed cross-border restructuring opportunity?

By Sophia Rolle-Kapousouzoglou

05 February 2016

Last year, the Supreme Court of the Bahamas dismissed an application to recognise Chapter 11 proceedings commenced in a Delaware court by the developers of a failed US$3.5 billion hotel and casino complex known as Baha Mar. Sophia Rolle-Kapousouzoglou, a partner at Lennox Paton in Nassau, queries whether Baha Mar could have been an international restructuring, considers the specific obstacles to such an approach in the Bahamas, and asks what practitioners can learn from the case when the same opportunities crop up in the future.

Baha Mar: A missed cross-border restructuring opportunity?

 Sophia Rolle-Kapousouzoglou