Carey Olsen Advises Elliott on NCLH
Carey Olsen Bermuda has advised Elliott Investment Management L.P. on the Bermuda law aspects of its engagement with Norwegian Cruise Line Holdings Ltd.
A spokesperson said, “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.
“The Carey Olsen Bermuda team advising Elliott was led by partner Alexander Collis, senior counsel Michael Frith, and senior associate Matthew Summers.”
Alexander Collis commented, “Carey Olsen’s contribution to Elliott’s successful engagement with NCLH demonstrates our role as a trusted adviser to activist shareholders in these types of highly complex cross-border matters, underpinned by the close collaboration between Carey Olsen’s Bermuda litigation and corporate teams. The public interest in Elliott’s engagement with NCLH, which was reported on internationally, has also shone a light on Bermuda’s prominent and growing role in the international shipping industry.”
