Announcements QIAIF Loan Origination- Another First for Maples and Calder
13 Mar 2015
On 18 September 2014, the Central Bank of Ireland ("CBI") made revisions to the AIF Rulebook to allow loan origination to occur within QIAIFs in recognition of the demand for non-bank sources of finance. Connect-Ireland Diaspora Loan Fund plc (the "Company") was authorised by the CBI on 3 March 2015 as the first loan origination QIAIF.
The objective of the Company is to contribute to the recovery to the Irish economy through the creation and/or protection of employment in companies registered in and operating throughout Ireland. The Company intends to achieve its investment objective through loan origination and engaging in all activities typically associated with lending transactions, which activities include participation in loans, participation in lending and the handling of assets which are realised as security.
"We are delighted to have advised Connect-Ireland Initiative Limited on the first loan origination fund to occur within a QIAIF and we wish them every success" commented Carol Widger, Investment Funds Partner in Maples and Calder's Dublin office. "It is clear that Maples and Calder continues to set the bar on unique and ground-breaking deals on both a domestic and international basis."
The QIAIF deal, which was led by Carol Widger and ably supported by Deirdre Mcllvenna, follows a series of notable firsts for Maples and Calder's Dublin office, including advising on the establishment of the first Irish investment limited partnership for private equity; authorisation of the first cross-border AIFM in Ireland and the first Irish UCITS authorised by the CBI to invest 100% in China A Shares under China's RQFII Scheme.
Euromoney Legal Media Group has recognised Dublin lawyer, Lynn Cramer as a "Rising Star Ireland" at its inaugural European Rising Star awards.
The awards celebrate rising star lawyers across 20 different practice areas from 19 European countries. A "Rising Star" according to the publication, is defined as a lawyer under the age of 40.Read more
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The Maples Group is pleased to announce the relocation of two of its senior Dispute Resolution and Insolvency lawyers from its British Virgin Islands and Cayman Islands offices to London.Read more
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The Maples Group is pleased to announce that it has once again been recognised at the 2019 IFLR Middle East awards that were held at the Burj Al Arab earlier this month.Read more
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The Maples Group has announced the appointment of Kim Bishop as a Vice President and independent director within the fiduciary services team in the Cayman Islands.Read more
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26 Sep 2019
Three partners from Maples and Calder, the Maples Group's law firm, were honoured: Gwyneth Rees, Harjit Kaur and Heidi de Vries.Read more
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