Conyers Dill & Pearman advises Essent Group on $335m initial public offering
Conyers Dill & Pearman has provided Bermuda legal advice to Essent Group. This was the first initial public offering (IPO) of a home mortgage issuer in nearly 20 years. Shares traded above the estimated range, valuing the Essent Group at $1.42bn (£880m).
Michael Frith, Alexandra Macdonald and Chris Garrod of Conyers’ Bermuda office advised on this matter, working alongside Willkie Farr & Gallagher as company counsel and Skadden, Arps, Slate, Meagher & Flom as counsel for the underwriters.
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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.