Conyers provides British Virgin Islands advice to Atlantis on syndicated loan
Conyers Dill & Pearman has provided BVI advice to Atlantis The Palm and Atlantis The Palm Holding Company on an $880m (£540m) syndicated loan.
Banks involved in providing the loan include Barclays, HSBC, Abu Dhabi Commercial Bank, National Bank of Abu Dhabi, Commercial Bank of Dubai, Union National Bank and Emirates NBD.
Audrey Robertson and Patrick Ormond of Conyers’ BVI office advised on the matter, working alongside Sullivan & Cromwell and Norton Rose UAE.
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The Trusts (Special Provisions) Amendment Act 2014 provides certainty regarding how far settlors can go without calling the validity of the trust structure into question.
This memorandum has been prepared for the assistance of those who are considering registration of a foreign limited partnership in the Cayman Islands.