Advised Carnival Corporation (NYSE: CCL) and Carnival plc on the completion of the unification of their dual listed company structure under a single company, Carnival Corporation Ltd., with Carnival plc becoming a UK subsidiary of Carnival Corporation Ltd. In connection with the transaction, Carnival Corporation has redomiciled its jurisdiction of incorporation from Panama to Bermuda. (May 2026)
Bermuda: Director Victor Richards, Counsel Alexis Haynes and Associates Celine Collis and Joshua DeAllie
Advised National Bank of Fujairah PJSC in relation to an up to US$20 million secured loan agreement between Crudetrans AS as borrower, Tomini Shipping Limited as guarantor and National Bank of Fujairah PJSC as lender to finance the sale of the vessel “United Venture” with IMO no. 9486908 registered under the flag of the Republic of Liberia. (February 2026)
BVI: Partner Rachael Pape
Advised DryLog Ltd. in relation to the continuation of DryLog Shipping Ltd. and DryLog Chartering Ltd from the BVI to Bermuda. (December 2025)
BVI: Partner Rachael Pape and Associate Jack Irwin; Director Victor Richards
Acted as Cayman Islands and Bermuda legal adviser to Shelf Drilling, Ltd. (Oslo Bors: SHLF) in connection with the recommended offer from ADES International Holding, Ltd. to acquire all outstanding shares of SHLF through a cash merger, and the subsequent delisting. The transaction represented a fully diluted equity value of approximately NOK 3.9 billion and enterprise value of approximately US$1.7 billion. (November 2025)
Cayman Islands: Partner Theo Lefkos; Bermuda: Director Guy Cooper and Associate Ashley Bento
Advised Odfjell Drilling Ltd. (Oslo Bors: ODL) in connection with new US$650 million senior secured first lien bonds due March 2031. The Bonds were successfully priced on 21 November 2025 and will be listed on the Oslo Stock Exchange. (November 2025)
Bermuda: Director Guy Cooper, Senior Associate Jacari Brimmer-Landy and Associate Ashley Bento
Advised Viking Cruises Ltd in connection with its private offering of US$1.7 billion aggregate principal amount of 5.875% senior notes due 2033. The Notes offering closed on 7 October 2025. Viking intends to use the net proceeds from the Notes, together with cash on hand, to fund the redemption of all of its outstanding 5.875% Senior Notes due 2027 and refinance existing vessel financing arrangements. (October 2025)
Bermuda: Director Jason Piney, Counsel Andrew Barnes, Senior Associate Kathleen McBeath and Associate Kyra Dunstan
Advised Carnival Corporation (NYSE: CCL) in respect of its private offering of US$3 billion aggregate principal amount of 5.75% senior unsecured notes due 2032. The transaction forms part of Carnival’s strategy to deleverage and optimise its capital structure. (October 2025)
Bermuda: Director Victor Richards, Counsel Alexis Haynes and Associate Joshua DeAllie
Advised Stolt-Nielsen Limited (Oslo Bors: SNI) in connection with issuing its NOK 1,5 billion new senior unsecured bonds with a maturity date of 22 October 2030, with a coupon of three months NIBOR +225 bps p.a. (October 2025)
Bermuda: Director Guy Cooper
Advised Bruton Limited (Euronext Growth Oslo: BRUT) on a private placement of the company’s shares valued at US$110 million. The transaction included the successful allocation of 25,636,900 new shares at a price of US$4.29 per share. (October 2025)
Bermuda: Director Guy Cooper and Associate Ashley Bento
Advised Carnival Corporation (NYSE: CCL) on its US$1.25 billion aggregate principal amount of 5.125% senior unsecured notes due 2029. The Notes Offering was priced on 30 September 2025 and closed in October 2025 as part of the Company’s broader refinancing strategy. (September 2025)
Bermuda: Director Victor Richards, Counsel Alexis Haynes and Associate Joshua DeAllie
Advised DNB Bank ASA, London Branch in relation to a US$20,000,000 uncommitted revolving credit facility between DryLog Bulkcarriers Ltd. as borrower and DNB (UK) Ltd. as lender. (August 2025)
BVI: Partner Rachael Pape and Associate Jack Irwin
Advised CMB.TECH Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH N.V., in connection with its share for share merger acquisition of Golden Ocean Group (OB: GOGL) following the prior purchase of a controlling stake from its former largest shareholder. (August 2025)
Bermuda: Directors Guy Cooper, Neil Henderson and Rhys Williams, Senior Associate Sophia Collis, and Associate Joshua DeAllie
Advised Borr Drilling Limited (NYSE: BORR) in connection with its US$102.5 million public offering of common shares. The offering completed in two settlements on 7 July 2025 and 7 August 2025. (July–August 2025)
Bermuda: Director Marcello Ausenda and Associate Matthew MacLeod
Advised Financial Partners Group Co., Ltd. in relation to certain marine cargo containers sale and lease back transactions. (March 2025 – July 2025)
Bermuda: Director Guy Cooper; BVI Partner Rachael Pape and Associate Jack Irwin
Advised Carnival Corporation in connection with a US$4.8 billion ECA‑backed loan to finance three new cruise ships from Fincantieri. BNP Paribas acted as agent and mandated lead arranger, with SACE providing cover. (July 2025)
Bermuda: Director Victor Richards and Counsel Alexis Haynes
Advised Carnival Corporation (NYSE: CCL) in respect of its private offering of US$1 billion aggregate principal amount of 5.875% senior unsecured notes due 2031. The Notes were priced on 12 May 2025 and closed later in May 2025. (May 2025)
Bermuda: Director Victor Richards, Counsel Alexis Haynes and Associate Joshua DeAllie