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Major Private Bank - Cayman
Acted as lead counsel for a major private bank on the US$30 million secured financing of the acquisition of a super yacht registered in the Cayman Islands. Ogier dealt with all legal aspects regarding the creation of security over the super yacht including the registration of the statutory mortgage and the preparation of the deed of covenant securing the super yacht and her insurances. Ogier also provided a legal opinion on the transaction.
Ogier also acted on a follow-on transaction whereby the super yacht underwent a change of ownership and advised on, amongst other things, a transfer of the mortgage over the super yacht.
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