Watson, Farley & Williams, a leading international law firm, is pleased to announce that it recently advised Globus Maritime Limited, a publicly-listed dry bulk shipping company, in connection with its U.S. securities filings, the transfer of the public listing of its shares from the London Stock Exchange’s AIM market to the Nasdaq Global Market, and its concurrent redomiciliation from Jersey, Channel Islands, into the Republic of the Marshall Islands.
Watson, Farley & Williams served as Globus Maritime’s US securities and Marshall Islands counsel in connection with these complex cross-border transactions that involved compliance with the requirements of five different regulatory bodies in four countries.
Globus Maritime is now a reporting company under the rules and regulations promulgated by the U.S. Securities and Exchange Commission with its shares listed on the Nasdaq Global Market.
George Karageorgiou, Chief Executive Officer of Globus Maritime comments: “The listing of the company’s shares on the Nasdaq Global Market, the redomiciliation into the Marshall Islands and related transactions were part of the company’s plans towards growth and building long term shareholder value. We greatly appreciate Watson, Farley & Williams’ excellent work assisting the company to pursue these important goals.”
Antonios Backos, partner and Head of the US Corporate Group, lead the Watson, Farley & Williams team and was assisted by senior associate Steven Hollander and associate Toral Patel. International Shipping Finance Group partners Dan Rodgers and Leo Chang and senior associate John Benson provided advice relating to Globus Maritime’s domestication into the Marshall Islands, and matters concerning its loan facilities.
Antonios Backos, Partner and Head of the US Corporate Group at Watson, Farley & Williams comments: “The complexity resulting from the different regulatory bodies involved and the short time scale made these transactions particularly challenging. The redomiciliation from Jersey into the Marshall Islands, delisting from the AIM Market, effectiveness of the registration statements filed with the U.S. Securities and Exchange Commission, and listing on the Nasdaq Global Market were all completed within 48 hours – I am not aware of these transactions having been done so efficiently by another public company in the shipping or other industry. ”
