Conyers advises on $350m privatisation of 3SBio Inc
Conyers Dill & Pearman has acted as Cayman counsel to the Buyer Group — 3SBio chairman and chief executive officer Jing Lou and CITIC Private Equity Funds Management – in the privatisation of 3SBio Inc by way of merger.
3SBio is a China-based biotechnology company focused on researching, developing, manufacturing and marketing biopharmaceutical products. Its shareholders are entitled to $2.38-per-share in cash or $16.70 per American Depositary Share.
Conyers partner David Lamb from the law firm’s Hong Kong office advised on Cayman law and worked alongside Skadden, Arps, Slate, Meagher & Flom LLP and Akin Gump Strauss Hauer & Feld LLP.
News from Conyers Dill & Pearman
Briefings from Conyers Dill & Pearman
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.