Carey Olsen

Carey Olsen advises Shanta Gold on £156.1 million takeover by Saturn Resources Limited The transaction saw Saturn Resources increase its offer from 13.5 pence per share to 14.85 pence per share in order to secure the required support of Shanta shareholders, resulting in the acquisition being approved by more than 80% of the Shanta shareholders who voted at the shareholder meeting to approve the scheme. The increased offer had been unanimously recommended by the Independent Shanta Directors. The scheme of arrangement was sanctioned by the Royal Court of Guernsey on 8 May 2024 and became effective on 10 May 2024...

Carey Olsen advises Cuscaden Peak Investments on S$1.7 billion sale of student housing The acquisition brings Mapletree's housing portfolio to 33,000 beds across 47 cities in the UK, the US, Germany and Canada, and makes the Singapore-based real estate investor one of the largest owners of student housing in the UK. The Carey Olsen cross-border corporate team advising on the Jersey aspects of the transaction comprised Jersey partner Claire Le Quesne and Singapore counsel Susan McKinstray, working alongside Singapore law firm Eng and Co. LLC...

Take Another Look: Investigation as a Standalone Basis for a Just and Equitable Winding up in the Cayman Islands The recent Privy Council decision in FamilyMart China Holding Co. Ltd v. Ting Chuan Holding Corporation [2023] UKPC 33 addressed the interplay between the enforceability of an agreement to arbitrate and the just and equitable winding up jurisdiction in the Cayman Islands, calling for an even closer collaboration between onshore and Cayman lawyers when that issue arises...

Cayman toolkit for foreign arbitration PRC arbitration injunction In Leed Education Holding Ltd and others v Minsheng Vocational Education Company Ltd (3 August 2023), the plaintiffs sought interim injunctive relief from the Cayman Islands court pursuant to section 11A of the Grand Court Act (GCA, 2015 Revision) and section 54 of the AA. The purpose was to prevent the defendant from enforcing a security they granted over a certain number of its shares (charges) pending the determination of two arbitrations, one in Hong Kong and the other in Beijing (the PRC arbitration)...