The first European cross-border merger involving a Gibraltar company has been sanctioned by the Supreme Court of Gibraltar.
The merger is between PartyGaming Plc and bwin Interactive Entertainment A.G. which will result in the world’s largest online gaming company and will become effective on 31st March 2011.
Hassans says it has acted on the Gibraltar legal and regulatory aspects of this landmark deal, co-ordinating with foreign legal counsel and acting as advisers to both companies in what has been a protracted and highly complex transaction. The involvement of the Government of Gibraltar in facilitating the merger process by implementing the required legislation and assisting with the process where necessary has been essential.
Vikram Nagrani, partner at Hassans, said: “we are delighted to have acted on this matter for both merging companies in a transaction that is a first for Gibraltar and which will bring significant economic benefit.” Peter Montegriffo, partner and head of commercial department, added: “This cross-border merger will enhance Gibraltar’s reputation and status as a jurisdiction that offers the highest level of professional service and from where business on a global scale may be conducted."
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with PartyGaming, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
World Poker Tour Casino
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
