Castino Sands

Castino assists with the leadership of the firm’s Banking and Finance, Corporate and Commercial, Investment Funds, Private Client Groups. Since joining the Banking and Finance Group at Lennox Paton in 2006, Castino has worked with leading practitioners from around the world on cutting-edge deals. He is consistently highly ranked by global legal directories.

• He advised Frontera Energy Corporation in its issuance of unsecured notes in the amount of US$ 350 million at a coupon rate of 9.70% and maturity in 2023. The transaction involved Frontera Energy Corporation’s subsidiaries in The Bahamas.  The Frontera Energy deal won the ‘Corporate Bond Deal of the Year’ at the Bonds & Loans Latin America Awards 2019.
• He has advised a Bahamas-based investment fund that entered into a settlement agreement with the trustee appointed in the winding up of Bernard L. Madoff Investment Securities LLC.   As a part of the settlement agreement, the trustee agreed with the fund having an allowed claim in the Madoff liquidation of more than $1 billion. The allowed claim was assigned to a special purpose vehicle in exchange for shares in the capital of the special purpose vehicle (each share initially represented a notional amount of $1 of allowed claim). The allowed claim was securitized and sold at auction to distressed debt investors. This transaction was quite unique at the time, as it enabled investors in the fund to monetize their interest in the allowed claim.
• Castino is currently acting for European based player in the oil & gas industry that is seeking to acquire oil & gas target assets in Malaysia, New Zealand and Mexico.  The transaction is being structured as a share sale transaction and involves obtaining regulatory approval in a number of jurisdictions, most notably Malaysia.  Castino is advising on the Bahamian law aspects of the proposed acquisition which involves a number of Bahamas domiciled target entries.

• Banking
• Financial services regulatory
• Investment funds
• M&A
• Private equity funds

• Banking
• Financial services
• Oil and gas 

• The Bahamas Bar Association