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17 Aug 2017
Maples and Calder represented both parties to a successful application brought by a retiring security agent and trustee, under an English law governed facility agreement, for an order under section 52 (1) (a) of the BVI Trustee Act vesting in the incoming security agent and trustee, all right to sue for and recover any thing in action existing under or governed by the laws of the BVI and vested in the retiring security agent and trustee including, without limitation, the things in action comprising its purely legal rights as security agent and trustee arising under equitable mortgages and debentures granted by several debtor entities.
15 Aug 2017
As a result of a tropical wave that affected the territory of the British Virgin Islands ("BVI") last week, the Government of the BVI has now announced that the deadline for the submission of CRS reports via the BVI Financial Account Reporting System has been further extended from 18 August 2017 to 1 September 2017.
8 Aug 2017
Purchasers of distressed debt have inevitably found themselves involved in legal disputes with borrowers seeking to undermine the loan purchaser's position as secured lender or at least put it on full proof of its entitlements.
31 Jul 2017
Further to our update on 3 May 2017, the revised Shareholders' Rights Directive EU/ 2017/828 entered into force on 9 June 2017. EU Member States have until 10 June 2019 to transpose it into domestic law.
28 Jul 2017
Following a set of draft guidelines issued in October 2016 as part of a public consultation, ESMA has now issued final guidelines on MiFID II product governance. This update considers specifically how this may impact sponsors and distributors of UCITS.