NEWS & INSIGHTS
Bermuda Public Companies Update
This edition of the Bermuda Public Companies Update summarises significant transactions involving Bermuda companies on the New York Stock Exchange and Nasdaq in the first half of 2021.
ECONOMIC SUBSTANCE
Bermuda, the Cayman Islands and BVI have passed legislation with regard to the economic substance of certain entities based in those jurisdictions. Conyers lawyers can help you determine whether or not your entity or proposed entity is in scope of the legislation.
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DEALS & TRANSACTIONS
Conyers Advises Valaris on Financial Restructuring and Emergence from Chapter 11
Conyers advised Bermuda exempted company Valaris Limited (NYSE: VAL) in connection with its financial restructuring and emergence from Chapter 11 bankruptcy. The Valaris Group’s Plan of Reorganization (“the Plan”) was completed on 30 April 2021, having been approved and confirmed by the United States Bankruptcy Court for the Southern District of Texas on 3 March 2021.
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Our internationally renowned offshore firm spans the globe, advising on the laws of Bermuda, the British Virgin Islands and the Cayman Islands.