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Statutory Mergers in the British Virgin Islands

February 2011 - Corporate & Commercial. Legal Developments by Ogier .

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The statutory merger regime in the British Virgin Islands (“BVI”) is straightforward, well established and effective. It has been used on a number of high profile, public transactions including, for example, Apax Partners’ $1.6 billion buyout of Tommy Hilfiger Corporation, and most recently by Essilor International SA for its recommended US$565 million takeover of NASDAQ listed FGX International Holdings Limited.


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