
Michael Killourhy
Partner
British Virgin Islands

Michael Killourhy
Partner
British Virgin Islands
Services
We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies enable us to add real value to our clients’ businesses.
Sectors
Our sector approach relies on smart collaboration between our business divisions, our service lines and our jurisdictions. These sector-based teams have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients see around corners.
We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies enable us to add real value to our clients’ businesses.
Legal
Corporate and Fiduciary
Consulting
Ogier provides practical advice on a unique combination of six laws: BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg. Our global network covers Asian, European and US time zones.
Banking and Finance
Corporate
Dispute Resolution
Employment law
Intellectual Property
Investment Funds
Listing services
Local Legal Services
Private Wealth
Regulatory
Restructuring and Corporate Recovery
Tax
Banking and Finance overview
Asset Finance
CAYLUX Fund Finance
Debt Capital Markets
Derivatives
Fund Finance
Islamic Finance
Leveraged Finance
Listing services
Real Estate Finance
Regulatory
Restructuring and Corporate Recovery
Structured Finance
Sustainable Finance
Corporate overview
Economic Substance
Equity Capital Markets
Listing services
Mergers and Acquisitions
Private Equity
Real Estate Structuring, Acquisitions and Disposals
Regulatory
Technology and Web3
Dispute Resolution overview
Banking Disputes
Corporate and Financial Services Disputes
Crypto Disputes
Enforcement of Judgments and Awards
Fraud and Asset Tracing
Funds Disputes
Insurance Disputes
International Arbitration
Regulatory
Restructuring and Corporate Recovery
Section 238 Shareholder Appraisal Rights
Shareholder and Valuation Disputes
Trusts Disputes and Applications
Investment Funds overview
Hedge Funds
Managers and Sponsors
Private Equity
Real Estate, Infrastructure and Energy Funds
Regulatory
Sustainable Investing and Impact Funds
Technology and Web3
Local Legal Services overview
Cayman Local Legal Services
Channel Islands Local Legal Services
Ireland Local Legal Services
Employment law
Estate Planning, Wills and Probate
Expat services
Family Office
Intellectual Property
Make your Guernsey will online
Make your Jersey lasting power of attorney online
Make your Jersey will online
Notary public services
Relocating your business
Relocating your family
Property law
Providing exceptional and efficient service, our Corporate, Funds, Private Wealth and Capital Markets teams offer clients integrated legal and corporate administration services with a strong reputation in governance and regulatory compliance.
Accounting and Financial Reporting Services - Ogier Global
Cayman Islands AML/CFT training - Ogier Global
Corporate Services - Ogier Global
Debt Capital Markets - Ogier Global
Fund Services - Ogier Global
Governance Services - Ogier Global
Investor Services - Ogier Global
Ogier Connect - Ogier Global
Private Wealth Services - Ogier Global
Real Estate Services - Ogier Global
Regulatory and Compliance Services - Ogier Global
Our experts provide independent guidance spanning advice and training to implementation and evaluation across sustainable investing, regulatory compliance and tech. Our tailored advice meets clients' specific needs, delivering flexible solutions and support.
Our sector approach relies on smart collaboration between our business divisions, our service lines and our jurisdictions. These sector-based teams have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients see around corners.
Ogier provides practical advice on BVI, Cayman Islands, Guernsey, Irish, Jersey and Luxembourg law through our global network of offices across the Asian, Caribbean and European timezones. Ogier is the only firm to advise on this unique combination of laws.
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Fresh thinking, sharper opinion.
We get straight to the point, managing complexity to get to the essentials. Our global network of offices covers every time zone.
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Deal
11 August 2020
British Virgin Islands
COVID-19 may have supressed economic activity in certain areas, but the Special Purpose Acquisition Companies (SPAC) market continues to be buoyant with Ogier advising on the Initial Public Offering of a large British Virgin Islands (BVI) SPAC this week.
Ogier acted as BVI counsel on the Initial Public Offering on NASDAQ of Kismet Acquisition One Corp, which closed on 10 August 2020. Ogier operates the leading SPAC advisory practice in the British Virgin Islands, and Kismet Acquisition One marked the firm's second major BVI SPAC IPO for 2020.
Like all SPACs, Kismet Acquisition One was formed for the purpose of acquiring an existing business within the next two years. While the company, led by Chairman and Chief Executive Officer Ivan Tavrin may pursue an acquisition opportunity in any industry or sector and in any region, Kismet Acquisition intends to focus on companies in the telecommunications infrastructure, internet and technology and consumer goods and services sectors operating in Russia.
Kismet Acquisition One raised US$ 250 Million in its IPO by offering 25 million units at US$ 10. Each unit consists of one ordinary share and one-half of a warrant (each whole warrant entitles the holder to purchase one ordinary share at a price of US$ 11.50 per share). The company may raise an additional up to US$ 37,500,000 through a 45-day option to purchase granted to the underwriters of the offering (Credit Suisse Securities (USA) LLC and BofA Securities). If exercised in full, the option to the underwriters plus the proceeds of simultaneous private placements, could result in Kismet Acquistion One commanding an overall value of around US$ 300 million, making it one of the biggest BVI SPACs in recent years.
The Ogier team was led by partner Michael Killourhy and included senior associate David Mathews.
Commenting on the transaction, Michael said: "It has been a pleasure working with the Kismet team on this IPO. The management team assembled by Kismet here is first rate and that, coupled with the overall value of the SPAC, promises a great business combination – which we look forward to being involved in too."
Greenberg Traurig LLP acted as US securities counsel to Kismet Acquisition One, while Skadden, Arps, Slate, Meagher & Flom LP acted for the underwriters.
Michael Killourhy
Partner
British Virgin Islands
Michael Killourhy
Partner
British Virgin Islands
Contact Michael
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David Mathews
Managing Associate
British Virgin Islands, London
David Mathews
Managing Associate
British Virgin Islands, London
Contact David
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