Conyers advises Yahoo in $7.6bn share repurchase
Conyers Dill & Pearman has advised Yahoo Inc in a $7.6bn share repurchase. Alibaba Group Holding Ltd agreed to repurchase a 20 per cent stake from the US web portal ahead of a potential initial public offering.
David Lamb, an M&A partner based in Conyers Dill & Pearman’s Hong Kong office, led a team providing Cayman law advice to Yahoo. Working alongside US counsel Skadden, Arps, Slate, Meagher & Flom.
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A shareholder in a BVI company seeking to bring a derivative claim in Hong Kong must first obtain the permission of the BVI court.