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Financing considerations for take-private transactions in the Cayman Islands

Different considerations apply to the financing of transactions affected by each different method.

The British Virgin Islands Updates its Trust and Probate Legislation

The new Act provides a comprehensive list of more than 60 jurisdictions that the British Virgin Islands will recognise for the purposes of resealing, including all Commonwealth countries, Hong Kong and the US.

Collas Crill Explains… A Guide to Compulsory Winding-up in Guernsey

A company may be compulsorily wound up for a number of reasons, the most common being where the company is unable to pay its debts (as described at paragraph 4 below).

Check, Check And Check Again: A Contentious Probate Case Summary

The dispute revolved around whether the farm falling out of the residuary estate represented his testamentary intentions.

Six Cayman Partners Named as WWL Thought Leaders in Restructuring & Insolvency Guide 2021

Walkers' IDR team is the largest in the Cayman Islands

Carey Olsen advises Starwood on RDI purchase and TISE listing

The transaction gives Starwood controlled affiliates 100% ownership of RDI REIT after a c.30% stake was acquired in the property investment business from South African investor Redefine in July last year.

Enforcement action under the BVI Economic Substance regime - ITA determinations of non-compliance

As mentioned above, a Non-Compliance Notice is issued when the ITA has determined that an entity has not complied with its economic substance obligations during a given financial period.

Ferbrache & Farrell partner recognised by Best Lawyers

Best Lawyers has been publishing highly regarded guides to the legal profession for more than 30 years

Recent trends: provisional liquidation in the Cayman Islands

In order to establish whether a good prima facie case has been made out for a winding up order under the first limb of the section 104(2) test, it is not necessary to demonstrate that a winding up order will be granted.

Snapshot: Arbitration in the British Virgin Islands for Asian-based parties

Asian businesses, investors and high net worth individuals have used BVI courts and BVI legal professionals most often for many years.

Don’t look SPAC in anger: structuring business combinations involving offshore incorporated SPACs

Although the SPAC IPO boom witnessed throughout 2020 and Q1 2021 continues to taper off somewhat

Calderwood appoints Independent Director in fund governance team

As an independent director with Calderwood, Goubault will undertake board appointments on Cayman Islands funds and related structures

Guernsey Revision of Laws

Guernsey's core regulatory framework is set out within five Laws covering the key areas of financial regulation - investment business, deposit-taking, insurance business, insurance intermediary business and fiduciary business.

The Bahamas: Sun, Sand, Sea and Premier Yacht Registry

The BMA is the government agency responsible for The Bahamas’ ship registry, including yachts.

Six Reasons for Investment Fund Managers to Locate in Bermuda

Some highly respected names in the investment world – including Orbis, Fidelity International and Nephila Capital – have headquarters or offices in Bermuda, with investment professionals on the ground.

Walkers Acts on IFLR America's Restructuring Deal of the Year 2021

Walkers Cayman and Bermuda offices advised McDermott International group on all Cayman and Bermudan law aspects of its 2020 restructuring

Principles applicable to an 'insolvent' trust in Jersey

Trustees may find administering a trust for the benefit of creditors to be an unusual and uncomfortable experience.

BVI Court demonstrates it will continue to aid creditors pursuing unpaid debts

On hearing from the Parties, The Honourable Justice Jack made an order winding up Novel Blaze and appointed Roy Bailey of EY (amongst others) as joint liquidators of the Novel Blaze.

Tearing apart Nilon? BVI Commercial Court allows interim rectification of register of members

There are also ongoing proceedings in Russia where, it seems, Mr Sazanov needed to show that he was the shareholder of the Company by 2 March if he was to avoid an outcome that would be “extremely adverse” to him.

Appleby Bermuda and BVI Advised Investment Energy Resources Limited

The obligations of the Issuer and the Guarantors under the Notes were primarily secured through a pledge of the shares of the Issuer and the shares of the Guarantors pursuant to share pledge agreements governed by local laws.

Offshore and IFC