Conyers provides Bermuda law advice to PureCircle on revolving financing facility
Conyers Dill & Pearman has advised AIM-listed client PureCircle on a new revolving credit facility provided by Macquarie Bank.
PureCircle is a producer of high-purity stevia ingredients for the global food and beverage industry.
The facility is structured to support the group’s anticipated growth in sales.
Conyers lawyers Sheba Raza and Richard Fear advised on Bermuda law aspects of the loan documentation working alongside DLA Piper, which advised on the English law aspects of the transaction.
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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.