Firm profile submitted by Sedgwick Chudleigh
Managing Partner: Mark Chudleigh
Number of partners: 3 Number of lawyers: 6
Languages: English, French, Greek.
Sedgwick Chudleigh is the associated Bermuda office of the US-based law firm, Sedgwick LLP. Sedgwick LLP was founded in 1933 and rapidly evolved to become one of the leading litigation and insurance firms in the USA. Globally, Sedgwick LLP has over 250 lawyers, with offices in London, New York, New Jersey, Florida, California, Illinois, Washington, D.C., Washington State and Texas. Sedgwick Chudleigh’s connection with its overseas affiliates provides it with a range and depth of legal expertise and resources that are unparalleled in Bermuda.
MAIN AREAS OF PRACTICE:
Commercial and Company Disputes:
Sedgwick Chudleigh’s lawyers have experience of a wide range of contentious legal issues that confront commercial organisations, and they are recognised experts in the resolution of commercial disputes through litigation, arbitration, mediation, and negotiation.
Recent matters handled in Bermuda include shareholder disputes (including unfair prejudice and minority oppression disputes), litigation involving corporate governance and the conduct of company meetings, breach of duty claims against directors, officers and corporate service providers, creditor attempts to “pierce the corporate veil”, restitutionary/constructive trust claims, fraudulent preference and fraudulent conveyance claims, professional liability claims against professional trustees, lawyers, architects and other professionals, applications for injunctive relief including “freezing” orders and anti-suit injunctions, financial regulation issues (including regulatory enforcement actions and disputes), and employment-related disputes.
The firm has acted for and advised parties in connection with several well-known financial scandals, including those arising from the frauds perpetrated by Bernard Madoff and Tom Petters.
Invariably, the matters we handle in Bermuda involve cross-border issues, and our lawyers have considerable experience of international litigation and arbitration, jurisdictional challenges, the enforcement of foreign judgments and arbitration awards, and the process of obtaining evidence for use in foreign proceedings. The team has direct experience of dispute resolution in a number of jurisdictions outside Bermuda, including the UK, the US, Canada, Australia, Hong Kong, Singapore, the Cayman Islands, the British Virgin Islands, and the Channel Islands.
Insurance and Reinsurance:
As an affiliate of Sedgwick LLP, one of the world’s leading insurance law firms, Sedgwick Chudleigh’s lawyers have significant experience advising and acting for insurance and reinsurance entities. Our attorneys possess a detailed understanding of the Bermuda market, its policy forms, customs and practices and regulatory environment, and most members of the team have had prior experience working at top London firms and leading barristers’ chambers.
The firm’s insurance and reinsurance practice encompasses almost all lines of business including; casualty/general liability coverage (with particular expertise of the “Bermuda Form”), financial lines, professional liability, life insurance, captive and alternative (re)insurance (including segregated account structures), and property covers.
Sedgwick Chudleigh’s lawyers have substantial experience representing insurers and reinsurers in London and Bermuda arbitrations and mediations, and appearing in related court proceedings, including obtaining anti-suit injunctions in support of arbitration.
The team frequently acts for overseas (particularly London-based) insurers on coverage and litigation monitoring matters involving “offshore” professional services entities based in Bermuda and the Caribbean, including financial institutions, trustees and trust companies, corporate service providers, law firms, fund managers, fund administrators, directors and officers, and insurance professionals.
The firm also advises on non-contentious insurance matters and product development. This includes advice on reorganizations of insurers (including entities in runoff), innovative insurance and convergence products such as insurance linked securities, and compliance with the authorization and supervisory requirements of the Bermuda Monetary Authority.
Trusts and Estates Disputes:
Sedgwick Chudleigh regularly acts for beneficiaries, trustees, executors, guardians, and protectors in both contentious and non-contentious trusts and estates matters before the Bermuda courts. These include disputes over the validity of trusts, claims by beneficiaries seeking disclosure of trust information, applications by trustees to the Bermuda court for approval, or setting aside, of trustee actions, indemnity claims, applications to approve “momentous” trustee decisions, including the restructuring of trust arrangements, applications under section 47 of Bermuda’s Trustee Act 1975, and wills and probate disputes.
Hedge Fund Disputes:
Sedgwick Chudleigh regularly acts for fund investors, fund directors, fund managers, and other fund service providers, including administrators, NAV calculation agents, custodians, auditors, and lawyers in contentious matters relating to hedge fund structures.
Recent matters handled include subscription and redemption disputes arising out of fund suspensions, payments in kind, synthetic side pockets, and gates, fund restructuring disputes, NAV calculation disputes, clawback claims, and professional negligence claims against administrators, custodians, investment managers, and auditors.
In the context of distressed and insolvent funds, Sedgwick Chudleigh has considerable experience of acting for creditors, shareholders, directors, liquidators, and insurers, and assisting clients with regulatory and internal investigations.
Sedgwick Chudleigh has extensive experience in insolvency related matters, counselling and representing distressed companies, directors, court-appointed liquidators, receivers and creditors (both secured and unsecured) in relation to corporate insolvency issues.
The team regularly appears before the Bermuda courts on winding up petitions, applications for the urgent appointment of provisional liquidators and receivers, and liquidators’ applications (including sanctions applications), and the firm has acted in some of the leading cases on liquidation and insolvency issues in Bermuda, including in the context of Segregated Accounts Companies.
The team also considerable experience with Schemes of Arrangement and other restructuring options available under Bermuda law.
The firm advises clients on corporate transactions relating to insurers, such as mergers and amalgamations and the use of hybrid capital instruments, and on complex transactions such as financial reinsurance, longevity and lapse risk transfer and loss portfolio transfers. It acted as Bermuda counsel to R&Q Re (Bermuda) Ltd. on its $20 million subordinated note issuance.
Affiliated Internation Offices
801 S. Figueroa Street 19th Floor
Los Angeles, CA 90017-5556
tel: 213 426 6900 fax: 877 547 6580
2020 Main Street, Suite 1100
Orange County, Irvine, CA 92614
tel: 949 852 8200 fax: 877 546 3920
333 Bush Street, 30th Floor
San Francisco, CA 94104-2834
tel: 415 781 7900 fax: 877 547 2780
One Biscayne Tower,
Suite 1500 Two South Biscayne Boulevard
Miami, FL 33131-1822
tel: 305 670 4777 fax: 877 540 6951
One North Wacker Drive, Suite 4200
Chicago, IL 60606-2841
tel: 312 641 9050 fax: 877 540 6960
2301 McGee Street, Suite 500
Kansas City, MO 64108-2662
tel: 816 423 2100 fax: 877 529 5030
101 Eisenhower Parkway, Suite 300
Roseland, NJ 07068
tel: 973 286 4374 fax: 877 541 3930
225 Liberty Street, 28th Floor
New York, NY 10281-1008
tel: 212 422 0202 fax: 877 543 9170
919 Congress Avenue, Suite 1250
Austin, TX 78701-3656
tel: 512 481 8400 fax: 877 547 2790
2323 Ross Avenue, Suite 750
Dallas, TX 75201
tel: 469 227 8200 fax: 877.543.9161
One Union Square
600 University St. Suite 2915
Seattle, WA 98101-4093
tel: 206 462 7560 fax: 877 541 3918
2900 K Street NW Harbourside, Suite 500
Washington, DC 20007-5127
tel: 202 204 1000 fax: 877 54 72801