The Bahamas Issues Practice Direction For Adoption Of Judicial Insolvency Network ('JIN') Guidelines For Use Of Joint Hearings In Cross-Border Insolvency Proceedings

• Published date: 01 March 2024
• Law Firm: Lennox Paton
• Author: Ms Sophia Rolle-Kapousouzoglou

The Chief Justice of the Commonwealth of The Bahamas, Sir Ian Winder has issued Cross-Border Insolvency Practice Direction No. 14 of 2023 for Court-to-Court Communications and Cooperation in cross-border insolvency and restructuring cases after consultation with the Justices of the Supreme Court, Commercial Division.

The practice direction addresses the use and adoption of published JIN guidelines in cases pending before the Supreme Court of the Commonwealth of The Bahamas. The practice direction took effect on 19 December 2023.

The JIN Guidelines for Communication and Cooperation between Courts in Cross-Border Insolvency Matters were issued by the Judicial Insolvency Network in October 2016 and have been adopted by a number of courts in multiple jurisdictions including the United States Bankruptcy Court for the Southern District of Delaware, the United States Bankruptcy Court for the Southern District of New York, the Chancery Division of the High Court of England and Wales, the Eastern Caribbean Supreme Court and the Grand Court of the Cayman Islands.

The Guidelines cover the procedural rules that may be adopted and applied in...