Conyers advises Bank of America on $3.1bn sale and repurchase agreement
Conyers Dill & Pearman has provided Bermuda legal advice to Bank of America in connection with a $3.1bn (£1.9bn) sale and repurchase agreement related to the $10.5bn acquisition by Amgen of Onyx Pharmaceuticals.
David Cooke, Jason Piney and Chiara Nannini of Conyers’ Bermuda office worked on the transaction alongside Shearman & Sterling (New York).
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Cayman Islands Law Update: the Exempted Limited Partnership Bill and the Contracts (Rights of Third Parties) Bill
Following extensive consultation in both the public and private sectors, the Exempted Limited Partnership Bill 2014 was gazetted on 21 February 2014.
The court looked at the issue of whether a stranger to a trust, who dishonestly assists in a breach of trust, is a ‘trustee’ within the meaning of s21(1)(a) of the UK Limitation Act 1980.