07/09/2021
Harneys advises Taiying Group
The merger was undertaken pursuant to, and taking advantage of, the flexible merger provisions in the BVI Business Companies Act.
Legal
07/09/2021
Walkers Advises Nayuki Holdings Limited on Its HK$5.1 Billion IPO
Nayuki Holdings Limited has become the first listed tea company in China.
07/09/2021
Cannabis: amendments to the Proceeds of Crime Law
The cannabis sector is a "growing" market – so far, 36 US states and the district of Colombia have approved the medicinal use of marijuana and 15 of those have also approved its recreational use.
07/09/2021
Walkers The Only Offshore Finalist For STEP International Award in Large Firm Class
The STEP Private Client Awards are the most prestigious awards for the private wealth industry, covering lawyers, accountants, bankers, family offices, trustees and financial advisers.
07/09/2021
When can a Director of a BVI Company Appear in-person before the BVI Commercial Court?
An example of a case of necessity would be, where a director is appearing in order to seek an adjournment of a hearing where it has not been possible to instruct legal representation to represent the company.
07/08/2021
CAYMAN ISLANDS – Fair rate of interest in section 238 proceedings to include a compounding element
The Court had then indicated that, as there was no legal basis or statutory basis for awarding compound interest, this blended rate (the Midpoint Rate) was to be applied on a simple interest basis.
07/08/2021
Cayman Islands Voluntary Liquidations 2021
For a Cayman Islands company to be dissolved by 31 December 2021, its voluntary liquidation will need to have commenced before 30 August 2021.
07/08/2021
Ogier advises SPAC Coliseum Acquisition Corp on US$150 million IPO
Each unit issued in the offering consists of one Class A ordinary share and one-third of one redeemable warrant.
07/08/2021
Cannabis investments get the green light in Jersey
Pre-pandemic, the global cannabis market was booming
07/08/2021
Harneys advises XPeng Inc and Chaoju Eye Care Holdings
It is the first dual-primarily listed company in Hong Kong with a weighted voting rights structure.
07/08/2021
Economic Substance: Bermuda Expands Regime to Include all Partnerships
The Economic Substance Amendment Act 2021, which became operative on 30 June 2021, has expanded the scope of the Bermuda economic substance regime to now include all partnerships.
07/08/2021
Carey Olsen supports Ventiga on acquisition and merger of Airpas and FuelPlus
They annually manage more than US$76 billion of flight charges and over 28% of commercial jet fuel consumption.
07/08/2021
Illegality as a defence under Cayman Islands, British Virgin Islands, and Bermuda law: a comparison with English law and Hong Kong law
The application of the ‘illegality’ doctrine is not straightforward, however, and it requires careful consideration in every case, not least in cross-jurisdictional cases where different governing laws might potentially apply to the issue.
07/07/2021
Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes
The revisions reflect the further transposition of 5MLD and bring the Guidelines in line with current CBI expectations in relation to designated persons' ("firms") existing obligations under the Criminal Justice (Money Laundering and Terror
07/07/2021
Appleby acts as Cayman Counsel on Gobi Acquisition Corp.'s $250M SPAC IPO
Gobi Acquisition Corp. is sponsored by an affiliate of PAG, one of Asia’s largest private investment management groups with approximately $40 billion of assets under management as of 31 December 2020.
07/07/2021
Maples Group's Global Asset Finance Team Recognised on 10 Aviation Finance Deals of the Year
Impressively, the team's role in advising on United Airlines' US$6.8 billion financing plan1 was listed on the most coveted award, the Overall Deal of the Year (global), by both publications.
07/07/2021
Carey Olsen supports Nordic Capital on first mid-market Evolution Fund
Carey Olsen's investment funds team has advised European private equity firm Nordic Capital on the €1.2 billion final closing of its first Evolution Fund.
07/07/2021
FinCEN’s First-Ever National AML/CFT Priorities Provide Insights Into Key Threats
Under the AMLA, examiners will be required to evaluate whether financial institutions appropriately incorporate the Priorities into their risk assessments and overall AML/CFT compliance programs.
07/07/2021
Ogier advises Cain International
Its remaining capital will be used to target opportunities in the residential sector in markets where Cain has an established investment track record.
07/07/2021
Collas Crill Advises Team Plc On Successful Acquisition Of JCAP Limited
The deal represents a significant increase in the revenues of the group, adding over £1.3 billion in assets under advice.