Ambergris Cay
Financing the Development
We provided advice on financing options and assisted in structuring financing, including traditional bank borrowing, private debt and equity financing, and advising on structuring a joint venture.
Regulatory requirements
We advised on business licensing obligations, work permits, national insurance, health and safety, and physical planning obligations
The Development Agreement
We undertake all negotiations with Government regarding the reduction of import duties, permanent residency certificates, best endeavors on work permit approvals, and negotiating the acquisition of accreted land.
Sale & Purchase Agreement
We advised on provisions providing for the forfeiture of deposits on default, prohibiting the assignment of a purchase agreement during the developer’s sell-out period, claw back clauses, drafting and advising on suitable bylaws providing for a resort development with restricted owner’s usage, advising on the level and timing of interim payment obligations, advising on drop dead dates for the commencement of construction and the completion of the development, and advising on clauses providing for the conditionality of Sale & Purchase Agreement prior to the grant of planning permission.
Financing the Development
We provided advice on financing options and assisted in securing and structuring financing, including private debt and equity financing, advising on and structuring a joint venture.
Regulatory requirements
We advised on all business licensing obligations, work permits, and physical planning obligations.