Ogier advise on first liquor licences for gas stations in at least 20 years
Ogier has secured the first alcohol licences for gas stations for at least 20 years as part of the firm’s growing suite of legal services to local firms in Cayman.
The firm, which last year marked its 25th anniversary in Cayman, has made a series of five successful applications for licences to sell alcohol from gas stations, including licences granting permission to sell alcohol on Sundays for one premise.
Restrictions in the laws governing the sale of liquor in the Cayman Islands mean that only certain categories of licensed premises are eligible to sell alcohol seven days per week, subject to certain restrictions.
The category of licence that Ogier helped to secure for gas station clients is one of the few that the law allows to be extended to operations running on Sundays. The law does not permit the Liquor Licensing Board to extend the typical package licences currently held by some licensees to opening all through the week, and the board refused several such applications at its last hearing.
Ogier associate Cline Glidden, who served for 13 years in Cayman’s Legislative Assembly before qualifying as a Cayman lawyer, advised on the applications that went to the board.
He said: “We have invested in developing our local legal services, including the launch of a dedicated website for our Cayman property team, and these most recent applications are a good representation of the kind of work that we are doing for local businesses.
“The legislation that governs liquor licensing is quite restrictive, with some categories restricting the types of variations that can be granted by the board, so we were very pleased to be able to advise our clients through this process and get them to the outcome that they wanted.”
About Ogier
Ogier provides advice on the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg law through our network of offices that also includes Hong Kong, Shanghai and Tokyo. We are the only law firm to advise on these five laws.
We get straight to the point, managing complexity to get to the essentials. It is a collaborative approach. We listen actively, asking the right questions, focused on what really matters. We deliver targeted, pragmatic advice with absolute clarity.
We regularly win awards for the quality of our client service, our work and our people.
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Related story:
Ogier advise on major asset finance deal for international aircraft group
Ogier Cayman has acted in a major asset finance deal by advising HSBC Bank plc as administrative agent and collateral agent for the senior lenders in connection with the provision of an exit credit facility of over US$300 million to the CHC Group on following completion of the Group’s financial restructuring and exit from Chapter 11 bankruptcy proceedings.
CHC Group provides international helicopter services offering offshore transportation to the oil-and-gas industry, flying search-and-rescue and emergency medical missions.
The Ogier team worked alongside lead counsel Norton Rose Fulbright, advising HSBC on all matters of Cayman Islands law and in particular, the comprehensive security package provided by the CHC Group in favour of HSBC.
In addition, Ogier advised HSBC on the grant of international interests in respect of aircraft following the recent introduction of the Cape Town Convention into domestic Cayman Islands law.
Ogier partner James Heinicke said: “We were delighted to advise HSBC on this multi-jurisdictional financing of the CHC Group. This was a significant and very complex asset finance transaction involving a number of obligors providing both first and second ranking security.
“As far as we are aware, it is the first time that the granting of first and second ranking security over aircraft has been considered in the Cayman Islands in the context of security registrations under the Cape Town Convention since the importation of the Convention into the jurisdiction.
“It showcased the teams’ expertise in handling complicated cross-jurisdiction matters and we were especially pleased to assist HSBC in achieving a challenging completion timescale.”
James led the Ogier Cayman team which comprised managing associate and asset finance expert Mark Santangeli and associates Tommy Tuohy and Ridhiima Kapoor.
About Ogier
Ogier provides advice on the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg law through our network of offices that also includes Hong Kong, Shanghai and Tokyo. We are the only law firm to advise on these five laws.
We get straight to the point, managing complexity to get to the essentials. It is a collaborative approach. We listen actively, asking the right questions, focused on what really matters. We deliver targeted, pragmatic advice with absolute clarity.
We regularly win awards for the quality of our client service, our work and our people.
Follow Ogier on LinkedIn, Twitter and Facebook
