![Headshot of Michael Killourhy](/media/uqzphbqh/michael-killourhy.jpg?cc=0.22800544796916059,0.009121361822658464,0.17364682606653328,0.09245862922192676&width=1440&height=1440&quality=90)
Michael Killourhy
Partner | Legal
British Virgin Islands
![Headshot of Michael Killourhy](/media/uqzphbqh/michael-killourhy.jpg?cc=0.22800544796916059,0.009121361822658464,0.17364682606653328,0.09245862922192676&width=300&height=300&quality=90)
Michael Killourhy
Partner
British Virgin Islands
Big things are happening at Ogier. Change is embedded in everything we do. It is redefining our talent, our ways of working, our platforms of delivery, our culture.
Services
We have the expertise to handle the most demanding transactions. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies means we add real value to clients’ businesses.
Sectors
Our sector approach relies on smart collaboration between teams who have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients to see around corners.
We have the expertise to handle the most demanding transactions. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies means we add real value to clients’ businesses.
Legal
Corporate and Fiduciary
Consulting
Banking and Finance
Corporate
Dispute Resolution
Employment law
Intellectual Property
Investment Funds
Listing services
Local Legal Services
Accounting and Financial Reporting Services - Ogier Global
Cayman Islands AML/CFT training - Ogier Global
Corporate Services - Ogier Global
Regulatory and Compliance Services - Ogier Global
Sustainable Investment Consulting
Our sector approach relies on smart collaboration between teams who have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients to 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.
Keep up to date with industry insights, analysis and reviews. Find out about the work of our expert teams and subscribe to receive our newsletters straight to your inbox.
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.
About us
Corporate social responsibility (CSR)
Diversity, equity and inclusion
Information security
Innovation
Sustainability
No Content Set
Exception:
Website.Models.ViewModels.Components.General.Banners.BannerComponentVm
News
03 August 2017
British Virgin Islands
ON THIS PAGE
Ogier's BVI team has advised on three SPAC IPOs worth a combined $400 million since mid-May as the market for IPOs continues to improve.
Improved market conditions for fund raising in the equity capital markets combined with the liquidity offered by SPACS – both in terms of the "money back" feature of SPACS that do not achieve a Business Combination by their deadline, and because listed shares can be freely traded – have led to the resurgence that Ogier's corporate team were among those predicting last year.
Partner Michael Killourhy has acted on all three IPOs – he says that the striking feature is the spread of activity covered, both geographically and in terms of the sectors represented.
The three most recent IPOs undertaken by Michael's team are:
Michael said: "All of the signs have been pointing towards this for a year or more, and it is particularly interesting to see that this trend is not confined to one region or sector, but is spread widely.
"There has been a significant increase in IPO activity, particularly in the US, over the last weeks and months and that confidence is reflected in the increase in SPAC-related activity. That BVI companies are well represented amongst recent SPACs is also very encouraging for the jurisdiction".
Using a BVI company as a SPAC entity provides a number of advantages. The company laws of the BVI are modern and flexible and adaptable not only to market custom and investor needs but also to the rules of those stock exchanges on which SPACs list, enabling the evolution of market trends in SPAC structuring to be easily accommodated within a BVI company.
Combining this with the modern, efficient BVI court system grounded in English process and jurisprudence with an ultimate right of appeal to the Privy Council in London (essentially the English Supreme Court), makes BVI a highly attractive international structuring jurisdiction for SPACs for both sponsors and investors alike.
As a result, says Michael, "We expect to see this activity continue, and we expect the flexibility of BVI legislation to continue to be attractive to sponsors as a structuring option."
Michael Killourhy
Partner | Legal
British Virgin Islands
Michael Killourhy
Partner
British Virgin Islands
Sign up to receive updates and newsletters from us.
Sign up
No Content Set
Exception:
Website.Models.ViewModels.Blocks.SiteBlocks.CookiePolicySiteBlockVm