Collateralized loan obligations (CLOs) continue to appeal to global asset managers as a stable and attractive asset class. CLOs are also subject to increasingly tight regulation imposed on the issuers and directors of special purpose vehicles (SPVs) used for CLO issues. CLO managers require clear, informed and practical advice on standards, procedures and risk management when setting up issuer vehicles.
Conyers has proven and longstanding expertise to advise on CLOs and structured products more broadly. We advise asset managers, arranging banks, trustees, and onshore counsel on the full spectrum of required legal, corporate and fiduciary services for CLOs and other structured products, including directorship, administration, regulatory, compliance and liquidation services. We are able to assist with all aspects of listings whether in the Cayman Islands, on the Cayman Stock Exchange (CSX), or in Bermuda, on the Bermuda Stock Exchange (BSX).
Our Corporate Services teams in both the Cayman Islands and Bermuda can provide the full range of services required for the establishment and ongoing administration of SPVs. Working with our trust colleagues, we can establish a trust to hold the shares of the SPV, whether in the Cayman Islands or Bermuda. We continually monitor relevant regulatory developments to ensure that SPVs remain compliant.