Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 124

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 124
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 court in the United States against Allied World
or the experts named in this prospectus since a substantial portion of Allied World’s assets and the assets of such persons may
be located outside of the United States. Allied World has been advised by counsel that there is no treaty in force between the United
States and Bermuda providing for the reciprocal recognition and enforcement of judgments in civil and commercial matters. As a result,
whether a U.S. judgment would be enforceable in Bermuda against Allied World or the experts named in this prospectus depends on whether
the U.S. court that entered the judgment is recognized by a Bermuda court as having jurisdiction over Allied World or the experts named
in this prospectus, as determined by reference to Bermuda conflict of law rules. The courts of Bermuda would likely give recognition
to a valid, final and conclusive in personam judgment obtained in a U.S. court pursuant to which a debt or definitive sum of money
is payable (other than a sum of money payable in respect of multiple damages, taxes or other charges of a like nature or in respect of
a fine or other penalty) as long as: (i) the U.S. court issuing the judgment had proper jurisdiction over the parties subject to
the judgment and had jurisdiction to give the judgment as a matter of Bermuda law; (ii) the U.S. court issuing the judgment did
not contravene the rules of natural justice of Bermuda; (iii) the judgment was not obtained by fraud; (iv) the enforcement
of the judgment would not be contrary to the public policy of Bermuda (this is likely to be the case if, for example, there is a Bermuda
judgment which conflicts with the judgment of the foreign court in respect of which the enforcement is sought or if the judgment creditor
has unsettled judgment debts in Bermuda); (v) there was due compliance with the correct procedures under the laws of Bermuda; and
(vi) the application for recognition is brought within the relevant limitations period.

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In addition to and irrespective
of jurisdictional issues, Bermuda courts will not enforce a provision of U.S. federal securities laws that is either penal in nature
or contrary to public policy. It is the advice of Allied World’s Bermuda counsel that an action brought pursuant to a public or
penal law, the purpose of which is the enforcement of a sanction, power or right at the instance of the state in its sovereign capacity,
is unlikely to be enforced by a Bermuda court