Carey Olsen Bermuda advises Elliott Investment Management L.P. on the reshaping of Norwegian Cruise Line Holdings' Board of Directors
Carey Olsen has advised Elliott Investment Management L.P. ("Elliott"), a leading U.S. investment firm, on the Bermuda law aspects of Elliott's engagement with Norwegian Cruise Line Holdings Ltd. ("NCLH"), a major cruise operator that is domiciled in Bermuda and listed on the NYSE.
Elliott's engagement with NCLH resulted in a refreshed board of directors ("Board") and the reconstitution of the Board's committees, with NCLH's Board now including nine directors and a new Chairman following the appointment of five new independent directors and the resignation of four legacy directors. Elliott and NCLH have also entered into a cooperation agreement.
Elliott's engagement with NCLH attracted public attention and coverage from international publications such as The Wall Street Journal and The Economist. The transaction involved complex cross-border considerations and close collaboration between Carey Olsen's litigation and corporate teams in Bermuda.
The Carey Olsen Bermuda team advising Elliott was led by partner Alexander Collis, senior counsel Michael Frith, and senior associate Matthew Summers.
Carey Olsen Bermuda Limited is a limited liability company incorporated in Bermuda and approved and recognised under the Bermuda Bar (Professional Companies) Rules 2009. The use of the title "Partner" is merely to denote seniority. Services are provided on the basis of our current terms of business.
