Carnival Corporation & plc Completes Unification of Dual-Listed Company Structure and Redomiciliation to Bermuda

Paul, Weiss advised Carnival Corporation & plc on the unification of its corporate structure from a dual-listed company with shares trading separately in New York and London to a single company, Carnival Corporation Ltd. Under the agreement, Carnival plc became a wholly-owned UK subsidiary of Carnival Corporation Ltd. The unified company’s common shares are now listed on the New York Stock Exchange. Paul, Weiss also advised on the migration of Carnival Corporation’s jurisdiction of incorporation from the Republic of Panama to Bermuda. 

The Paul, Weiss team was led by corporate partners John Kennedy, Cristina Amodeo, Laura Turano and Luke Jennings, and included, among others, partners Nicolas Schwartz, Alena Thomas and Frances Mi; litigation partners John Carlin and Nicole Succar; tax counsel Christina Cerrito; and antitrust partners Yuni Sobel and Todd Hahn.