Conyers Dill & Pearman provided BVI legal advice to Vinci Airports (“Vinci”) on its acquisition of the airports management portfolio of Airports Worldwide. The deal, set to close later this year, will establish a foothold for Vinci in the United States, the world’s largest air transport market, as well as expanding its presence in Europe and South America.
As noted in our previous alert, the Non-Profit Organisations Law, 2017 (the “Law”) came into force on 1 August 2017. From that date, companies or bodies of persons meeting the definition of a “non-profit organisation” (“NPO”) under the Law had 12 months to formally register as such with the Cayman Islands Government (the “Government”). With the final deadline to register falling on 31 July 2018, NPOs are reminded to apply for registration as soon as possible in order to avoid penalties and fines.
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