Archive for August, 2016

Appleby advised Dalian Wanda Commerical Properties on Hong Kong Listing

Leading offshore law firm Appleby acted as acted as British Virgin Islands counsel for Dalian Wanda Commercial Properties Co. Ltd. in relation to the listing of US$600 million 4.875 per cent guaranteed bonds due 2018 and issued by Wanda Properties Overseas Limited, an indirect wholly owned BVI special purpose subsidiary of Dalian Wanda. The bonds were listed on the Main Board of the Hong Kong Stock Exchange on 22 ...

29 Nov 12:03 PM 0 Read More...

Department welcomes news of first NYSE listing for Isle of Man Company

The Department of Economic Development has welcomed the news that the first Isle of Man company has been listed on the New York Stock Exchange (NYSE).   Last week Isle of Man-based international law and professional services group Cains supported Eros International, a leading global company in the Indian film entertainment industry in successfully listing its existing shares and launched an initial public ...

28 Nov 4:15 PM 0 Read More...

$253 million Settlement for Weatherford

One of the biggest oil companies in the world, Weatherford International, is set to make a $253 million payment to settle actions over bribery and sanctions busting actions brought by government in the US. Around $100 million of this amount will provide for criminal and civil penalties. This is thought to be the biggest payment for like offences by a company that isn’t a bank. Details of such misconduct inclu...

28 Nov 12:03 PM 0 Read More...

Cyber security risk underestimated

A survey carried out by the business department has revealed that very few of the UK’s largest companies consider the cyber threat to their business to be a problem. As a result of these findings, the business department feel that corporate cyber security would be heightened if those responsible for it came under more scrutiny from the very top of a company. Chairmen of companies, who responded to the surveys...

28 Nov 11:41 AM 0 Read More...

Slater & Gordon to acquire Pannone

Slater & Gordon today announced the acquisition of the majority of the practice groups of national law firm Pannone Solicitors LLP (“Pannone”), a market leading consumer firm.  Due diligence is substantially completed and formal Business Sale Agreements have been executed. The transaction is expected to complete in late February 2014.   Slater & Gordon Head of UK, Neil Kinsella said the acquis...

28 Nov 10:33 AM 0 Read More...