FinTech

Our lawyers advise clients ranging from global financial institutions leveraging cutting-edge technology, to start-ups changing the status quo with innovative products and services.

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Walkers Launches Compliance Services Offering

Walkers Compliance complements Walkers' legal, corporate and fiduciary services to deliver a one-stop-shop for clients looking to use the Cayman Islands jurisdiction for their business needs.

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Walkers IDR Among Top Global Law Firms in GRR 30

Walkers' Global Insolvency & Dispute Resolution Group has been ranked as the 13th strongest global law firm for restructuring and insolvency by Global Restructuring Review

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Walkers Leads Landmark Defence of Mega-Litigation

Ahmad Hamad Algosaibi Brothers Company (AHAB) v. Saad Investments Company Limited (In Official Liquidation) (SICL) and Others, a case in which claims and counterclaims at their height amounted to over US$17 billion.

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Walkers Leads Offshore

This year Walkers received 10 Band 1 practice rankings in the Chambers and Partners Global Guide, more than any other offshore law firm.

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Walkers Acts on $1B Asia Deal

Walkers BVI and Cayman advised Didi Chuxing on its highly-publicised US$1 billion acquisition of 99 Taxis.

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Brexit

Following the result in the United Kingdom's EU referendum, Walkers has created a Brexit page dedicated to providing our clients relevant information about the jurisdictions in which we practise.

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Walkers is a leading international law firm. We advise on the laws of Bermuda*, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.
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Powerwomen 200

Walkers in IFC Powerwomen Top 200

Six Walkers lawyers have been ranked in the 2017 edition of CityWealth's IFC Powerwomen Top 200.

 

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Irish High Court Ruling in Corporate Rescue Case: Revenue Liabilities & Examinership

Welcome Irish High Court Ruling in Corporate Rescue Case: Clarification on Import and Effect of Undertakings to Discharge Current Revenue Liabilities During Period of Protection Afforded by Examinership

Overview
It has become a frequent feature for Irish companies seeking court protection through examinership to provide a written undertaking at the petition stage that it will discharge in full post-petition taxes to the Irish Revenue Commissioners (the ‘Revenue’) that accrue and fall due during the period of protection. A recent written judgment of the Irish High Court (Ms Justice Baker) in Harley Mechanical Services Ltd & the Companies Act 2014 (the ‘Proceedings’) has provided welcome clarity on the import and effect of such undertakings.

Walkers’ Dublin office acted on behalf of the examiner/liquidator in the Proceedings and was successful in challenging an order which had the effect of deeming unpaid Revenue liabilities as costs in the examinership and thus given special status such that these monies would be unavailable to the liquidator to discharge his own fees and the claims of other creditors.

 

Click to view article

This article first appeared in Volume 15, Issue 4 of International Corporate Rescue and is reprinted with the permission of Chase Cambria Publishing - www.chasecambria.com.

Bermuda: Corporate Governance 2018

Bermuda partner Natalie Neto has contributed to the 11th edition of The International Comparative Legal Guide to: Corporate Governance.

This guide provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations of corporate governance.

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This article was originally published by Global Legal Group.

Walkers acts as Cayman Islands Counsel in Closing of Thunderbolt II Aircraft Asset Backed Securitisation

Walkers acted as Cayman Islands counsel in Air Lease Corporation's recent securitisation of a portfolio of 18 jet aircraft.

The Thunderbolt II structure included the issuance by Cayman Islands incorporated issuers of two series of Fixed Rate Notes and equity in the form of Aircraft Portfolio Shares, comprised of 90% Global Aircraft Portfolio Shares and 10% Certificated Aircraft Portfolio Shares. The innovative equity structure introduced the first 144A / Reg S Aircraft Portfolio Shares to the market in a broadly distributed offering process where both the equity and debt securities were marketed and issued concurrently.

Walkers Fiduciary Limited also provided Cayman-based services (including independent director services and other administrative services) to the issuer of the Aircraft Portfolio Shares.

Walkers, led by Cayman Islands partner James Burch and senior counsel Joanne Ziegler, was instructed by Hughes Hubbard & Reed LLP, US counsel to Air Lease Corporation and the Issuers.

Walkers Acts on listing of US$4.1bn Bonds on The International Stock Exchange

International offshore law firm Walkers has acted as listing sponsor and adviser to CHMT Peaceful Development Asia Property Limited on the US$4.1 billion bond listing on The International Stock Exchange ("TISE") in the Channel Islands.

This bond listing relates to the financing of the acquisition of Hong Kong’s fifth largest skyscraper The Center, which is the world's most expensive real estate transaction for a single building to date.

The bonds were listed in two tranches, of approximately US$3.3 billion Tranche A notes and US$800 million Tranche B notes, with an 18 month maturity.

The Jersey office of Walkers worked with their counterparts at Ashurst in Hong Kong, and the team at TISE to complete the listing.

The Walkers team comprised Christophe Kalinauckas, listings manager Piotr Kobus, Nigel Weston and Alexandra Corner.

Senior Counsel Christophe Kalinauckas said:

"Walkers was delighted to act as listing agent on this high profile US$4.1 billion bond listing on TISE in the Channel Islands. This is one of a number of Chinese-backed bond listings that we have seen recently on TISE. Given all of the options globally, it is exciting to see such large and sophisticated organisations choosing the Channel Islands for their business. These securities have certain unique features which TISE was able to accommodate, and it is a pleasure to work with the team at the Exchange to facilitate new types of bond listings, which we think have great growth potential."

Fiona Le Poidevin, Chief Executive Officer of The International Stock Exchange Group (TISEG), added:

It is hugely pleasing that TISE was chosen as the listing venue for such a significant and notable bond issuance. This provides yet further evidence that issuers and their advisers are increasingly viewing TISE as the exchange of choice for listing specialist debt securities and especially where there is an international dimension. This is one of a number of Chinese-origin issuances we have seen coming to TISE recently and I am excited about the potential to grow this pipeline of business from Asia.