BVI Corporate Review – Q4 2025

Conyers advised Paribu, Turkey’s leading digital asset platform, in connection with its US$240 million acquisition of CoinMENA (the largest local crypto exchange in the Middle East and North Africa region).

The transaction represents Turkey’s largest fintech acquisition to date and the country’s first cross-border crypto deal.

Partner Anton Goldstein and Associate Nina Goodman of Conyers’ BVI office advised on the transaction, working alongside White & Case LLP and GKC Partners.

Conyers advised longstanding client Weatherford International Ltd. (“Weatherford”) and its Bermuda and British Virgin Islands subsidiaries in connection with Weatherford’s offer and issuance of US$1.2 billion aggregate principal amount of its 6.75% Senior Notes due 2033, which closed on 6 October 2025.

Conyers also provided Bermuda law advice to Weatherford on the upsizing of a cash tender offer for its 8.625% Senior Notes to US$1.3 billion, due 2030. Weatherford (NASDAQ: WFRD) is one of the world’s largest multinational oilfield service companies. Together with its subsidiaries and affiliates, it provides equipment and services used in the drilling, valuation, completion, production and intervention of oil and natural gas wells.

Counsel Karoline Tauschke of Conyers’ London office, Senior Associate Kathleen McBeath of Conyers’ Bermuda office and Partner Robert Briant, Counsel Nicholas Kuria and Associate Nina Goodman of Conyers’ British Virgin Islands office advised on the matters, working alongside Latham & Watkins LLP.

Conyers BVI and Cayman offices also advised Nordic Trustee AS, as security trustee in connection with the 14% senior secured USD 25,000,000 bonds 2025/2028 issued by Jasmine Energy Ltd (the “Issuer”), a Cayman Islands incorporated wholly owned subsidiary of the Rex International Holding Ltd., a BVI business company. The proceeds of the bond issue will be used to fund a three-well drilling campaign at the Yumna field in Block 50 and for general corporate purposes by Masirah Oil Ltd, a BVI company that is an indirect 87.5% subsidiary of the Issuer.

Finally, Conyers advised Permira, a leading global private equity firm, in connection with the BVI-law aspects of its recommended cash offer for the acquisition of JTC plc, a FTSE 250-listed provider of fund administration, corporate and trust services. The deal values the entire issued and to-be-issued ordinary share capital of JTC at approximately £2.3 billion on a fully diluted basis.

Partners Anton Goldstein and Rachael Pape together with associate Nina Goodman of Conyers’ BVI office advised on the transaction, working alongside Clifford Chance LLP as lead legal adviser.