Conyers Dill & Pearman advises Russian bank on the Bermuda law aspects of $3.2bn loan
Conyers Dill & Pearman’s Claire McConway has advised Sberbank of Russia on the Bermuda law aspects of a $3.2bn (£2bn) loan to Altimo Coöperatief.
The loan is intended to, among other things, pay the premium for conversion of the borrower’s preferred shares in Vimpelcom, a Bermuda company with ADRs traded on the New York Stock Exchange.
The loan was secured by a charge over the borrower’s shares in Vimpelcom.
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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.