Deals and Client Wins Maples BVI Advises on US$1.5 billion Restructuring
29 Jul 2020
Maples and Calder, the Maples Group's law firm, is pleased to have advised the senior lenders to the Constellation Group on its global restructuring which was valued at over US$1.5 billion. The highly complex transaction took nearly two years and involved court proceedings in the British Virgin Islands (BVI), Brazil and the US, the key stages of the transaction closed in December 2019 with the final steps being implemented in July 2020.
A multi-disciplinary team in the firm's BVI office advised on the restructuring which was supported by the successful appointment of the first ever provisional liquidators in the BVI. This transaction followed a landmark decision by the courts of the BVI and demonstrates the ability of BVI entities and credit providers to use this mechanism to preserve and protect a corporate restructuring.
BVI-based Partner, Chris Newton who led the team on this award-winning transaction commented, "We were delighted to advise on this highly complex and novel transaction. The Maples Group's market-leading BVI team has distinguished capabilities and expertise in the restructuring space which was a key factor in assisting our clients to successfully close this deal."
A complex and notable deal, the transaction received recognition at the IFLR Americas 2020, winning the Restructuring Deal of the Year.
Cleary Gottlieb acted as US counsel to the lenders alongside the Maples Group.
Maples and Calder, the Maples Group’s law firm, was pleased to advise the 10.5% noteholder of the Seven Energy Group in relation to the 2019 Seven Energy debt restructuring. A complex and noteworthy matter, the transaction received recognition at the IFLR Sub-Saharan Africa Awards, winning Restructuring Deal of the Year 2020.Read more
14 Sep 2020
Maples and Calder LLP, the Maples Group's law firm in Dublin, is proud to announce that one of its Partners, Niamh O’Shea, has been recognised as a 'Rising Star' at the Euromoney European Women in Business Law Awards 2020.Read more
11 Sep 2020
Maples and Calder LLP, the Maples Group's law firm in Ireland, is pleased to announce the appointment of Stephen McLoughlin to head of its Finance practice in Ireland, effective 1 July 2020. Stephen succeeds Nicholas Butcher, Managing Partner of the law firm in Ireland who has been acting as head of the practice for the last 18 months. Nicholas continues in his role as Managing Partner.Read more
03 Sep 2020
03 Sep 2020
20 Aug 2020