Appleby News from The Lawyer
Appleby receives numerous accolades at Corporate INTL Legal Awards
Appleby has been named ‘Insolvency Law — Law Firm of the Year in Bermuda’, ‘Fraud Law — Law Firm of the Year in Bermuda’, ‘Corporate Law — Law Firm of the Year in the BVI’, ‘Trust & Estate Law — Law Firm of the Year in the Cayman Islands’ and ‘Corporate Finance — Law Firm of the Year in Hong Kong’ at the 2013 Corporate INTL Legal Awards.
Now in its seventh year, the awards are intended to celebrate those that have shown expertise and excellence in their fields in the past 12 months, as well as celebrating resilience through the economic downturn.
Winners were selected by a panel of professionals, including senior partners of global law firms and chief executives of international businesses.
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Appleby renews its support for Bermuda’s annual half marathon
Appleby and the organisers of the Bermuda Day Half Marathon (the committee) have announced a further five-year commitment to sponsor one of Bermuda’s most popular cultural and sporting events — the half marathon held on 24 May every year.
In celebration of Appleby’s renewed support, the committee announced that the event name will change from ‘Bermuda Half Marathon Derby’ to ‘Appleby Half Marathon Derby’.
The Appleby Half Marathon Derby will continue its ‘charitable giving’ element introduced in recent years, with the committee selecting recipients in need of funds.
An early registration process is now under way. The registration deadline is 10 May and late registration is 17 May. Number pick-up and final registration will be held on 18 May at Appleby.
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Appleby advises Asia Mezzanine on provision of $30m facility to CAAM
Appleby has acted as British Virgin Islands and Bermuda counsel for Asia Mezzanine Capital Corporation in relation to the provision of a $30m (£19.5m) facility to CAAM, which — together with an equity investment — was applied to finance an acquisition of approximately 70 per cent of the shares of Moraitis Group, at a value of around AUD211.82m (£145m).
CAAM and its shareholders granted various forms of security in favour of Asia Mezzanine, as well as options.
The Appleby team was led by Jeffrey Kirk, the banking and asset finance team leader in Appleby’s Hong Kong office, and assisted by associate Vincent Chan.
Asia Mezzanine is an independent direct investment fund management group based in Hong Kong. Together with its constituents, it invests in the strategic development of promising medium-sized companies that have substantial operations in Asia and are seeking capital.
CAAM is an investment holding company incorporated in the British Virgin Islands.
Moraitis Group is a fruit and vegetable supplier aggregator and supplier in Australia.
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