Conyers advised Castlelake, L.P. in connection with the Bermuda law aspects of its sixth structured ABS financing, Castlelake Aircraft Structured Trust 2019-1 (CLAS 2019-1). CLAS 2019-1 which priced on 12 April 2019 totals US$867.6 million of asset-backed debt and will be used to finance a diversified portfolio of 28 younger mid-life aircraft on lease to 14 lessees in 13 countries.
In a judgment handed down by the British Virgin Islands High Court on 25 July 2019, Renaissance Ventures Ltd and another were awarded rectification of the share register of a billion dollar corporate group, Comodo Holdings Ltd.
The proceedings were acrimonious and hard fought over some time, with the three week trial in June 2019 necessitating five days of cross-examination of Comodo’s co-founder and CEO. The issues revolved around allegations of misrepresentation, in this case alleged against a person now deceased, and associated interpretation of subscription agreement. Conyers partner Mark Forte led a team of associates including Lauren Peaty and Alecia Johns, under leading counsel Paul Chaisty QC.
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