Buren advises to an ad hoc group of secured noteholders of CHC Group on the Dutch legal aspects of the issue of USD 464,148,148 zero interest second lien convertible notes due 2020, issued by CHC Group LLC and CHC Finance LLC as Co-Issuers. Buren advised generally on the aspects of Dutch law of the second lien arrangement, including the preparation of Dutch law governed security documents (private and notarial).
Helicopter operator CHC Group concluded its financial restructuring and emerged from Chapter 11 as the court-confirmed plan of reorganization went into effect on 24 March 2017.
In our publication of February 2nd, 2018, we provided for an update on the introduction of the UBO register in the Netherlands, prescribed for by the 4th
Introduction On June 26, 2017 all European Union (“EU”) member states should have been compliant with the regulations prescribed in the 4th Anti-Money Laundering Directive (“AMLD4”).
On 20 May 2015 the European Parliament adopted the so-called Fourth Anti-Money Laundering Directive 2015/849/EC (“AMLD”) that seeks to prevent money laundering and terrorism.