Harneys is pleased to have advised Caribbean Investment Holdings Limited (London - AIM: CIHL; Bermuda - CIHL) (CIHL) on its acquisition, by way of statutory merger, of Normandy Limited (Bermuda - NORL.BH) (Normandy). CIHL is the owner of the largest full service commercial and retail banking operation in Belize.
Counsel Thomas Dugdale commented: “The BVI statutory merger regime is efficient and provides clients with certainty on process and remains one of the big draws of BVI Business Companies. This is supported by the BVI Registry whose Premium Filing service allowed us to complete the merger in a matter of minutes ensuring the necessary announcements and de-registration of Normandy from the Bermuda Stock Exchange could take place in a timely fashion. We would like to thank CIHL and the deal team including Baker & McKenzie LLP, Cenkos Securities plc acting as NOMAD and Appleby (Bermuda counsel).”
The Harneys team was led by Counsel Thomas Dugdale with assistance from Associate Adam Legge. Harneys’ Corporate team regularly advises on M&A transactions between listed companies under British Virgin Islands law.
The official CIHL press release can be found here.