Ogier BVI acts for Infinity Cross Border Acquisition on merger with Glori Energy
Ogier in the British Virgin Islands (BVI) has advised NASDAQ-listed special-purpose acquisition company Infinity Cross Border Acquisition Corporation on the BVI legal aspects of its proposed business combination transaction with Glori Energy, an oil technology company that deploys its proprietary AERO system to significantly increase oil production from mature oil fields.
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On 24 November 2014 Guernsey’s Legislation Select Committee passed the Companies (Guernsey) Law, 2008 (Amendment) Ordinance, 2014 with immediateeffect.
This article summarises the main changes under the new law (particularly advantages for lenders) and the transitional provisions which apply to old law security.