You have 0 free articles left this month.
Big Law

ASX-listed entity to redomicile to Canada

Drilling services company Boart Longyear Limited will move to British Columbia has part of its restructuring support agreement entered into with key creditors.

August 29, 2018 • By Jerome Doraisamy
Share this article on:
Facebook X LinkedIn
ASX, Ashurst, Boart Longyear Limited
expand image

Firms: Ashurst (Boart Longyear Limited (BLY)), Strikeman Elliot LLP (Canadian legal advisers for BLY), Robinson Bradshaw (US legal advisers for BLY).

This content is available exclusively to Lawyers Weekly premium members.
Deal: Subject to shareholder and regulatory approval, BLY will redomicile to British Columbia, Canada by way of a scheme of arrangement.

 
 

Area: Corporate, RSSG, Tax

Value: N/A

Key players: The Ashurst team was led by partner Sarah Dulhunty. She was supported by senior associate Scott Lai, lawyers Rory McLeod, Lee-Anne Yeo, Ben Lyttle and Sarah Yang.

Ms Dulhunty was also aided by partners James Marshall, Camilla Clemente and Peter McCullough as well as lawyer Sammuel Dobbie-Smitham on the RRSG and tax considerations respectively.

Deal significance: If the scheme is implemented, Boart Canada will acquire all the ordinary shares in BLY and eligible BLY shareholders will receive the same proportionate interests in Boart Canada as they currently have in BLY, the firm said.

Discover logo VIEW ALL

Boart Canada will, in addition, effectively replace BLY as the listed entity on the ASX.

Want to see more stories from trusted news sources?
Make Lawyers Weekly a preferred news source on Google.
Click here to add Lawyers Weekly as a preferred news source.

Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Know More
Tags