最新消息 - 业务专长: 破產及企業重組
The complex and fiercely contested Ocean Rig cross-border restructuring, effected through Cayman Islands schemes of arrangement, is one of the largest to take place outside of the United States. This cutting edge and successful restructuring of US$3.7 billion of New York law governed indebtedness involved the first ever Cayman Islands schemes of arrangement of foreign incorporated companies and the first use of a Cayman Islands STAR trust in a restructuring.
Maples and Calder along with Daniel Bayfield QC of South Square chambers (who advised the scheme companies) analyse how the Ocean Rig restructuring opens the door for the Cayman Islands as a centre within which to conduct modern, complex cross-border restructurings and in what circumstances a Cayman Islands scheme may be the right restructuring tool to reach for.
This article first appeared in the November 2017 issue of the South Square digest.
Maples and Calder advised Ocean Rig UDW and three of its subsidiaries in relation to the complex, cutting edge and successful restructuring of US$3.7 billion of financial indebtedness. Among other innovations, the restructuring involved the first ever Cayman Islands schemes of arrangement of foreign incorporated companies and the first use of a Cayman Islands STAR trust in a restructuring.
Maples and Calder is pleased to announce the recruitment of Adrian Francis, formerly a barrister at Three Stone in London. Adrian joins as a partner in the firm's BVI Litigation and Insolvency practice.
In a decision that will reassure investors in Cayman Islands investment funds and other vehicles, the Grand Court has shown its willingness to facilitate the investigation of legitimate concerns raised during a voluntary liquidation.
The decision is the first written ruling on the Court's power to defer the dissolution of a Cayman Islands company in voluntary liquidation under section 151(3) of the Companies Law and also considers the Court's power to bring a voluntary liquidation under the Court's supervision in the context of an investigation into possible wrongdoing.
Robin McDonnell, Saranna Enraght-Moony and Karole Cuddihy provide an analysis of current economic conditions and insolvency case developments in Ireland. Their contribution formed part of the fourth edition of The International Insolvency Review, published in October 2016 and covering law in 29 jurisdictions.