Per Sekse

Bermuda-based Imagine Group Holdings Ltd. reorganized its operations last year due to regulatory and tax issues in the United States, it has been claimed.Against a backdrop of regulatory and criminal investigations in the U. S., Imagine Group sought legal advice from law firm Sidley Austin, according to former employee Maureen J. Caulfield.

Enron Corp's Bermuda-registered captive, Enron Re Ltd., has assets of just $9.58 million to meet its liabilities, according to bankruptcy court filings. Creditors of the firm include Enron Corp., Enron North America, Risk Management & Trading Corp., European Finance Re and Harrington International Insurance Ltd.

Section 304 Petition for Assistance in Insolvency Proceedings in Bermuda by Malcolm Butterfield and Anthony McMahon, as the Foreign Representatives of Enron Re Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.