Edward Rance

Special Counsel

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Edward Rance is a Special Counsel in the Bermuda Corporate practice and advises on all aspects of corporate law, with a particular focus on finance and taxation.

Edward advises borrowers, sponsors, issuers and creditors on matters relating to secured and unsecured lending, capital markets and securities transactions (including IPOs), and complex restructurings. Edward also advises large multi-nationals with operations in Bermuda on matters pertaining to Bermuda’s recently enacted corporate income tax regime.

Prior to joining Conyers, Edward practised with Allen & Overy LLP and Milbank Tweed Hadley and McCloy, with a particular emphasis on advising financial institutions and investment funds in relation to publicly traded securities and the distressed debt market.

Jurisdiction

Bermuda

Experience

Advised Digicel Limited and other affiliated entitites (together, “Digicel”) on its consensual US$3.8 billion cross-border restructuring, acting as lead counsel for two schemes of arrangement in Bermuda and chapter 15 recognition proceedings in the United States.
Advised longstanding client Weatherford International Ltd. (“Weatherford”), one of the world’s largest multinational oilfield service companies, on its US$750 million refinancing, involving the amendment and restatement of its LC Credit Agreement.
Advised Liberty Global on the corporate redomiciliation from England to Bermuda, making it substantially easier for the company to plan and execute shareholder value-enhancing corporate transactions, while also reducing administrative burdens and expenses.
Advised IHS Markit Ltd. on a Bermuda-law-governed merger with a subsidiary of S&P Global Inc. The merger created a leading information services provider with an enterprise value of approximately US$140 billion.
Advised Leif Höegh & Co. Ltd. (“LHC”) and Funds managed by Morgan Stanley Infrastructure Partners (“MSIP”) through a 50/50 joint venture, Larus Holding Limited (“JVCo”), in its acquisition of the remaining outstanding shares of Höegh LNG Holdings Ltd. (“HLNG”) not owned by LHC or its affiliates.
Advised Petra Diamonds, leading independent diamond mining group, on the completion of its US$409.9 million Notes debt for equity restructuring, resulting in the Noteholder group holding approximately 91% of the enlarged share capital of Petra Diamonds Limited.
Advised Dufry AG on its acquisition of the remaining 42.6% share of Hudson Ltd., the North American travel retailer, pursuant to the merger of Dufry Holdco Ltd. and Hudson, whereby Hudson became a wholly-owned subsidiary of Dufry.
Advised RenaissanceRe Holdings Ltd. (NYSE: RNR) on an underwritten public secondary offering of 1,739,071 common shares by Tokio Marine & Nichido Fire Insurance Co., Ltd.
Advised Aircastle Limited (NYSE: AYR) on its definitive agreement to be acquired by Marubeni Corporation and Mizuho Leasing Company, Limited, representing a total valuation of approximately US$7.4 billion including debt obligations to be assumed or refinanced net of cash.
Advised ANZ Bank New Zealand Limited on its financing for Southern Cross Cables Limited’s new submarine fibre optic cable to be constructed between Australia, New Zealand, and the US, representing a network investment of around US$300 million.

Expertise

Qualifications

Professional Background

Associate, Milbank Tweed Hadley & McCloy, London
Trainee & Associate, Allen & Overy LLP, London

Education

College of Law (London), LLB, 2011
University of Oxford, MSc, 2009
University of Cambridge, MA, 2008

Bar Admissions

Bermuda, 2013
England & Wales, 2013 (not currently practising)

Awards & Accolades

Recognised in the 2021 edition (and 2018, 2019) of Legal 500 Caribbean (banking, finance and capital markets)
Recognised as ‘Next Generation Partner’ in the 2025 edition ( and 2018, and 2023-2024) of Legal 500 Caribbean (corporate and commercial)
Recognised as ‘Rising Star Partner’ in the 2024 edition of IFLR1000 (financial and corporate)