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Conyers advises Central China Real Estate Limited in connection with its US$300 million 6.5% Senior Notes due 2021
Conyers Dill & Pearman acted as special legal counsel in the Cayman Islands and the British Virgin Islands to Central China Real Estate Limited (the “Company”) and certain subsidiary guarantors of the Company: Joy Ascend Holdings Limited, Sino Joy Enterprises Limited, Central China Real Estate Holdings Limited, Proud Sky Investments Limited, Leapup Limited, Bumper Up Limited and Artstar Investments Limited, in connection with the Company’s issue of US$300 million 6.5% Senior Notes due 2021.
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Appealing Appraisal Actions: New Judgments from the Cayman Courts
A well-known and now widely used part of local legislation, Section 238(8) of the Cayman Islands Companies Law (the “Companies Law”), entitles a shareholder who dissents from a merger or consolidation of a Cayman company under the statutory merger provisions contained in Part XVI of the Companies Law to be paid “the fair value of his shares”.
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