The project involved the preparation of all documents relating to the transfer of a total of 48 Cyprus statutory mortgages and collateral deeds of covenants in respect of 44 Cyprus flagged vessels and their recordation at the Cyprus Ships Registry and the preparation of supplemental deeds to 45 Cyprus law governed shares pledges, 5 new Cyprus law governed shares pledges, supplemental deeds to 5 Cyprus law governed guarantees and the preparation of corporate authorities for all 49 Cyprus companies. We have also reviewed and, where required, commented on drafts of a large number English and German law governed assignment and amendment agreements, block assignment agreements and assignment deeds relating to account pledges and assignments of insurances and earnings of the vessels. The transaction also involved the preparation of all required documents for the registration of a total of 184 new or amended charges at the Cyprus Companies Registry against the assets of the relevant Cyprus companies.
The transaction required the preparation of a large volume of documents within strict deadlines to ensure the unhindered closing of the transaction.
Our team has successfully met the deadlines imposed by our clients and the law without affecting the quality of our work.