Attride-Stirling and Woloniecki (ASW) specialises in corporate, commercial and litigation. Although one competitor says they come in contact with Attride-Stirling more often on litigation than corporate matters, the firm reports an impressive roster of financial work over the past year....
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Attride-Stirling and Woloniecki (ASW) specialises in corporate, commercial and litigation. Although one competitor says they come in contact with Attride-Stirling more often on litigation than corporate matters, the firm reports an impressive roster of financial work over the past year.
Recent highlights include working alongside US firm Sidley Austin on the incorporation of the Catco Reinsurance Fund's $80 million IPO listing on the London Stock Exchange's Specialist Fund Market. Catco was the first Bermuda-domiciled closed-end fund to list in London. It acts as a feeder fund into the Catco Diversified Fund, a larger, open-ended fund for private investors, which provides the capital for Catco Reinsurance to write fully collateralised reinsurance contracts. ASW also worked alongside Hogan Lovells on the Catco Reinsurance Fund's listing.
In addition, ASW provided advice on Bermuda law to a syndicate of private equity funds (Apax Partners, Madison Dearborn Partners and TA Associates), financing its exit from a minority investment in the telecoms group Weather. The financing, which closed in April 2011, included a charge over shares in VimpelCom, valued at $2.2 billion. The NYSE-listed VimpelCom is incorporated in Bermuda. ASW attorneys Neil Horner and Laura Littlewood worked with instructing US counsel Kirkland & Ellis on the deal.
Former corporate head Bala Nadarajah relocated to the US in 2010. A former legal advisor to the Bermuda government, Nadarajah helped to consolidate the Bermuda Companies Act of 1981 and draft the regulations to Bermuda's Insurance Act 1978.
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