Conyers Dill & Pearman News
Maree Martin moves to Singapore to support Conyers’ Cayman Islands legal practice
Conyers Dill & Pearman has announced that Maree Martin has relocated to the firm’s Singapore office to further support its Cayman Islands legal practice.
With the move, Martin has been promoted to counsel.
She brings with her eight years of experience practising Cayman Islands law and will, according to Conyers, be a valuable asset to the Singapore office’s corporate and investment funds practices.
Categories:Banking / Finance,Transport (Including aviation and shipping)
Conyers advises Aircastle on issuance of shares to Marubeni Corporation
Conyers Dill & Pearman has advised Aircastle on its issuance to Marubeni Corporation of 12,320,000 common shares of Aircastle, representing 15.25 per cent of Aircastle’s issued and outstanding common shares, after giving effect to the issuance, at a price of $17 (£11) per share, for gross proceeds of approximately $209m.
The transaction closed on 12 July 2013.
Aircastle acquires, leases and sells high-utility commercial jet aircraft to airlines throughout the world. As of 31 March 2013, its aircraft portfolio consisted of 158 aircraft leased to 66 lessees located in 36 countries.
Conyers’ Jason Piney from the firm’s Bermuda office advised on the transaction, working alongside Skadden, Arps, Slate, Meagher & Flom. Clifford Chance (New York) acted for Marubeni.
Conyers advises Mohamed Al-Fayed on sale of Fulham Football Club
Conyers Dill & Pearman has advised Mohamed Al-Fayed and his related group of companies on the Bermuda law aspects of the sale of Fulham Football Club to Shahid Khan, the chief executive officer of Flex-N-Gate Group and owner of the Jacksonville Jaguars of the National Football League in the US.
The transaction has been approved by the Barclays Premier League and Khan assumes 100 per cent ownership of the club, debt free, as of 12 July 2013.
The Conyers team comprised Graham Collis, Paul Nystrom and Robert Alexander from the law firm’s Bermuda office.
Conyers shuts Moscow after five years in Russia
By Joanne Harris From The Lawyer
Offshore firm Conyers Dill & Pearman has closed its Moscow office, relocating office head Claire McConway back to London five years after launching in Russia.
McConway formally moved to London earlier this month, taking up a new role as head of the Russia and CIS practice for London. She has worked for Conyers since 2009.
Conyers established its Moscow office in 2008, sending partner Caroline O’Hare to Russia to manage the office (3 March 2008). The following year, the Moscow office forged an alliance with Cypriot firm Antis Triantafyllides & Sons (30 November 2009).
Conyers was the only offshore law firm in Russia and the office was small, with only McConway and associate Alexandra Karaganova listed on the firm’s website currently.
Co-managing partners David Lamb and Narinder Hargun told The Lawyer the decision to close Moscow had been taken several months ago and coincided with Cyprus-related work dropping off. Russian investors have used Cyprus as a domicile for their corporate structures for many years but foreign investment in Cyprus has stalled following the island’s economic crisis (10 June 2013).
The firm’s Russia team also advises clients on work relating to Bermuda, the British Virgin Islands, the Cayman Islands and Mauritius.
Moscow was a representative office, which was understood to be sending most of its files to other Conyers offices to be dealt with rather than handling them on the ground in Russia.
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