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.
The restructuring was supported by the successful appointment of the first ever provisional liquidators in the BVI.Read more
29 Jul 2020
Maples and Calder, the Maples Group's law firm, is pleased to share that The Legal 500 EMEA 2020 has recognised its lawyers and practices across its Dublin, Luxembourg and Dubai offices.Read more
27 Jul 2020
The Maples Group has announced enhancements to its fund services offering for private debt and credit funds via integrated IHS Markit loan market data feeds.Read more
21 Jul 2020
17 Jul 2020
The Maples Group advised United MileagePlus on both its recent US$3.8 billion bond offering and its concurrent US$3 billion term loan.Read more
08 Jul 2020