Help is at hand: Options for investors in troubled Cayman joint ventures
Liquidations

Help is at hand: Options for investors in troubled Cayman joint ventures

This article examines the liquidation options available to noteholders and shareholders in Cayman companies. It also examines a recent line of cases in which the Cayman court allowed the provisional liquidation regime to be used for restructuring purposes. Finally, it examines potential liabilities, including for directors.
The Duomatic principle and ostensible authority

The Duomatic principle and ostensible authority

The Privy Council recently handed down its key decision in Ciban Management Corporation v Citco (BVI) Ltd [2020] UKPC 21.
Cyprus UBO regime announcement
Banking & Finance

Cyprus UBO regime announcement

Cyprus UBO disclosure regime for entities and other legal arrangements commencing on 22 February 2021.
Harneys advises Equatorial Palm Oil plc (renamed Capital Metals plc) on its proposed acquisition under AIM Rule 14 of Capital Metals Limited
Corporate

Harneys advises Equatorial Palm Oil plc (renamed Capital Metals plc) on its proposed acquisition under AIM Rule 14 of Capital Metals Limited

Harneys acted as BVI counsel to Equatorial Palm Oil plc (EPO), renamed as Capital Metals plc (AIM: CMET) on its £15.84 million acquisition of Capital Metals Limited (CML) by way of a reverse takeover under AIM Rule 14. The acquisition was financed through a combination of an oversubscribed placing, management subscriptions and the issue by EPO of up to 132,000,000 new ordinary shares as consideration to the CML shareholders for all the issued shares in CML. The acquisition was approved by the EPO shareholders on 11 January 2020.