Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 125

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 125
---
 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.

<div align='center'>- 68 -</div>

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. Specified remedies available under the laws of U.S. jurisdictions, including specified remedies
under U.S. federal securities laws, would not likely be available under Bermuda law or enforceable in a Bermuda court, as they may be
contrary to Bermuda public policy. Further, no claim may be brought in Bermuda against Allied World or the experts named in this prospectus
in the first instance for a violation of U.S. federal securities laws because these laws have no extraterritorial application under Bermuda
law and do not have force of law in Bermuda.

<div align='center'>Consent to Jurisdiction</div>

Each of the Company and Allied