DunnCox has become an institution within the Jamaican legal community. First opened in 1942, the firm has become a preferred contact for domestic and international banks and financing agencies alike, boasting such clients as Citigroup, FirstCaribbean International Bank and the International Finance Corporation (IFC)....
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DunnCox has become an institution within the Jamaican legal community. First opened in 1942, the firm has become a preferred contact for domestic and international banks and financing agencies alike, boasting such clients as Citigroup, FirstCaribbean International Bank and the International Finance Corporation (IFC).
Managing partner Lincoln Eatmon and Jerome Lee are mainstays of the firm’s corporate and finance practices. This year, the firm also saw the retirement of senior partner Christopher Bovell, ending his 45-year tenure with the firm.
As local counsel to Citigroup Merchant Bank of Trinidad, Eatmon and Bovell collaborated for the formation of a $240 million note issuance for CL Financial. Executed in July 2008, the debt issuance was part of an overall capital raising for CL’s eventual acquisition of the Lascelles Group.
Lending work offered the firm its most consistent exposure this year. Representing the IFC, DunnCox lawyers advised on two separate transactions with First Global Bank, both in March 2009. The firm first arranged a $10 million loan to First Global through IFC, then prepared an IFC equity investment into the bank for the same amount.
Other work included the firm’s representation of FirstCaribbean International Bank as the arranger of a lending syndicate for the Jamaica Public Service Company. Unsecured loans equalling $35 million and J$522 million ($5.9 million) were granted for the Jamaican electricity distributor in December 2008.
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