Conyers

Digicel US$1.9 Billion Senior Secured Notes Offering

Conyers advised Digicel in connection with its offering of US$1.9 billion aggregate principal amount of 8.625% senior secured notes due 2032, co-issued by Digicel International Finance Limited (DIFL). The offering was upsized from the originally announced US$1.5 billion.

Cayman Islands Restructuring: Observations Following Petrofac

This article follows our previous commentary on the English High Court’s decision in May 2023 to sanction the Adler Group’s restructuring plan and the Court of Appeal’s reversal of that decision in February 2024.

Seawall Re Ltd.’s Establishment and Licensing as a Restricted Special Purpose Insurer

Conyers acted as special Bermuda counsel, advising on the establishment and licensing of Seawall Re Ltd. as a restricted special purpose insurer.

Sanctions, Superyachts and the Separation of Powers: The Shvidler Appeal and Its Implications

Earlier this week, the UK’s highest court delivered a landmark decision in the combined appeals of Shvidler v Secretary of State for Foreign, Commonwealth and Development Affairs and Dalston Projects Ltd & Ors v Secretary of State for Transport.

Carnival Corporation & plc US$3 Billion Senior Unsecured Notes Offering

Conyers advised Carnival Corporation in respect of its private offering of US$3 billion aggregate principal amount of 5.75% senior unsecured notes due 2032.

Accelerant Holdings US$832.2 Million IPO Offering

Accelerant has undertaken its upsized initial public offering of 34,461,152 of its Class A common shares, par value $0.0000011951862 per share (the “Common Shares”), at a price to the public of $21.00 per Common Share.

Recognition with Consequences: Singapore’s Terraform Ruling and its Implications for the BVI

On 11 July 2025, the Singapore International Commercial Court (SICC) in Re Terraform Labs Pte Ltd [2025] SGHC (I) 4 ordered a group of creditors to pay costs to the insolvent estate of blockchain company Terraform Labs.

Carnival Corporation & plc EUR€1.0 Billion Senior Unsecured Notes Offering

Conyers advised Carnival Corporation in respect of its private offering of EUR€1.0 billion aggregate principal amount of 4.125% senior unsecured notes due 2031.

Saint Bella Inc. Listing on the Main Board of the Hong Kong Stock Exchange

Conyers acted as Cayman Islands and British Virgin Islands legal counsel to Saint Bella Inc (Stock code: 2508.HK) in connection with its successful global offering and listing on the Main Board of the Hong Kong Stock Exchange.

Succession Planning Using Cascading Share Classes in a BVI Company

Whilst many individuals are aware of the importance of succession planning to preserve continuity and stability in the transfer of assets upon death, such planning is often hindered by concerns over the high cost of establishing a robust trust structure.

Phoenix Aviation Capital Limited US$600 Million

Conyers acted as Cayman Islands counsel to Phoenix Aviation Capital (PAC) in connection with its inaugural US$600 million senior unsecured note offering.

CTF Services HK$850 Million 2.80% Convertible Bonds due 2027

Conyers advised CTF Services Limited (“CTF Services”) in connection with the issue of HK$850 million 2.80% convertible bonds. The bonds, due 2027 and listed on the Vienna MTF, are convertible into ordinary shares.

The Prudential Solvency Regime of the Cayman Islands

The Cayman Islands Monetary Authority (CIMA) set out its approach to group (or consolidated) supervision in a November 2023 regulatory policy update (the Regulatory Policy).

Launch of a British Virgin Islands Tokenised Fund

Conyers has advised Mantle in connection with the launch of Index Four (MI4) Fund.

Peak Re Group’s Incorporation and Licensing of Peak Reinsurance North America Ltd.

Conyers advised Peak Reinsurance Company Limited (“Peak Re”) on the structuring, establishment and licensing of its wholly-owned subsidiary, Peak Reinsurance North American Ltd. (“Peak Re NA”) as a Class 3B reinsurer.

Conyers Shortlisted in Multiple Categories at ALB Hong Kong Law Awards 2025

Conyers is pleased to announce that our Hong Kong office has been shortlisted in three categories at the Asian Legal Business (ALB) Hong Kong Law Awards 2025: Offshore Law Firm of the Year, Dispute Resolution Lawyer of the Year, and Equity Market Deal of the Year.

AM Best Proposes Changes to Its Rating Criteria

In a recent market briefing delivered to the Cayman Islands’ (re)insurance industry, global credit ratings agency AM Best announced its proposal to change its criteria for rating cell companies including Segregated Portfolio Companies (SPCs) established in the Cayman Islands.

Carnival Corporation US$4.8 Billion Financing

Conyers advised Carnival Corporation in connection with a US$4.8 billion ECA-backed loan to finance three new cruise ships from Fincantieri.

Borr Drilling US$102.5 Million Public Offering

Conyers advised Borr Drilling Limited (NYSE: BORR) in connection US$102.5 million public offering of common shares. The public offering includes 50 million common shares at a price of US$2.05 per share.

Conyers Recognised as Leading Firm in IFLR1000 2025 Americas Rankings

Conyers is proud to announce its continued recognition in the 2025 edition of the IFLR1000 Americas rankings, reaffirming the firm’s position as a leading financial and corporate law firm.

Trusts in Insurance Structures

Conyers has recently seen a significant increase in the use of trusts in the structuring of insurance transactions entered into by Cayman Islands licensed insurers in addition to their continued use in structuring the ownership of the insurers themselves.

FWD GROUP HOLDINGS LIMITED HK$3.5 Billion IPO

Conyers acted as Bermuda legal counsel to FWD GROUP HOLDINGS LIMITED (“FWD Group”) for its HK$3.5 billion (US$443 million) successful initial public offering and listing of ordinary shares of the Issuer on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX) under Stock Code 1828.

Eternal Beauty Holdings Limited IPO

Conyers provided Cayman Islands and British Virgin Islands legal advice to Eternal Beauty Holdings Limited (“Eternal Beauty”) in connection with its initial public offering and the listing of its shares on The Stock Exchange of Hong Kong Limited.

Conyers Recognised in the 2025 Chambers High Net Worth Guide

Conyers’ Private Client & Trust teams have been recognised once again in the Chambers High Net Worth (HNW) Guide 2025. The firm earned Band 1 ranking in both Bermuda and the British Virgin Islands, and a Band 2 ranking in the Cayman Islands.

The Surge in Secondary Listings on the Hong Kong Stock Exchange

The Hong Kong Stock Exchange (HKEX) is back challenging for the top of the global listing league tables with secondary listings helping drive the recent surge of activity. In the past, secondary listings on the HKEX have featured some of the world’s most prominent names.

From Dissolution to Liquidation: Creditor-Led Restoration of Dissolved BVI Companies

Restoration applications are nothing new in the BVI. With hundreds of thousands of active companies and many more struck off due to administrative oversight, BVI legal practitioners frequently find themselves advising clients on applications to restore a company to the Register.

ESR Group Limited Privatisation and Delisting from the Hong Kong Stock Exchange

Conyers provided Cayman Islands law advice to the offeror consortium and ESR Group Limited (“ESR”) on its privatisation and delisting from the Hong Kong Stock Exchange by way of scheme of arrangement.

The Duties of Independent Directors in Amalgamations and Mergers

This article is the second of a three-part series analysing the decision of Justice Martin in Glendina Pty Limited & Ors v NKWE Platinum Ltd (2025) SC (Bda) 15 Civ and its implications for future appraisal actions.

Tencent Music Entertainment Group Proposed Acquisition

Conyers acted as Cayman Islands legal counsel to Tencent Music Entertainment Group (“TME”) for its proposed acquisition of Ximalaya Inc. (“Ximalaya”) by way of merger, pursuant to an Agreement and Plan of Merger dated 10 June 2025 by and among TME, Ximalaya and certain other parties.

Conyers Announces 2025 Legal Education Awards Recipients

Conyers is pleased to announce the recipients of its 2025 Legal Education Awards, continuing its longstanding commitment to supporting the development of future Bermudian lawyers.