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Appleby

HIRZEL COURT, HIRZEL STREET, ST PETER PORT, GY1 3 BN, GUERNSEY
Tel:
Work 01481 755600
Fax:
Fax 01481 728992
Email:
Web:
www.applebyglobal.com

Guernsey

Banking and finance
Banking and finance - ranked: tier 2

Appleby

Appleby's finance practice, led by Jeremy Berchem, covers a mix of work ranging from fund finance through to real estate deals and corporate lending, as well as regulatory matters. Below partner level, counsel Chet Pohl and senior associate Nicole Sorbie have track records of working with the firm's partners on large fund finance facilities. Kate Storey is now at WALKERS.

Practice head(s):Jeremy Berchem

Other key lawyers:Andrew Harding; Chet Pohl; Nicole Sorbie

Testimonials

'The team provides commercial, solutions-driven perspective and workable recommendations as to how to proceed, making it a match for any other firm in Guernsey, notwithstanding its relatively small size.'

'What really sets Appleby apart is its commercial understanding of the market - as well as being technically on the money, its assistance in bringing deals to a commercially agreeable position is invaluable.'

'Jeremy Berchem has fantastic knowledge of the market and is always on hand to help with complex points of Guernsey law.'

'Nicole Sorbie's experience and efficiency are second-to-none.'

Key Clients

Bank Julius Baer

BMO Real Estate Partners

Butterfield Bank

Citibank

Credit Suisse

HSBC

Investec

Lloyds Banking Group

Royal Bank of Scotland

Société Générale

Work highlights

  • Advised three banks led by Lloyds Corporate Capital Markets on a revolving loan to Bridgepoint Europe IV.
  • Advised ReAssure on a loan to refinance a portfolio of nineteen real estate assets in the UK.
  • Advised Investec on a revolving loan to Zenprop Group, involving security over a number of on-island assets.
  • Advised PraxisIFM on borrowing multi-currency term and revolving facilities from Royal Bank of Scotland International, partially secured over shares in Guernsey Financial Services Commission-regulated companies.
  • Advised National Asset Management on a loan taking security over the units of a Guernsey LLP, a structure not legally permitted at the time the Security Interests Law was enacted.
Rising stars

Chet Pohl - Appleby

Nicole Sorbie - Appleby

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Corporate and M&A
Corporate and M&A - ranked: tier 2

Appleby

Appleby handles many deals with challenging US elements, and also has a key strength in restructuring and distressed M&A. The 'very commercial and responsive' Jeremy Berchem is the key lawyer in a team which has handled inter-island deals in the corporate service provider space.

Practice head(s):Jeremy Berchem

Testimonials

'A personable team with a broad skill-set.'

'Very responsive and highly adaptive.'

Key Clients

Blackstone Group

BMO Real Estate Partners

Equiom

Estera

GBGI

Intertrust

Oak Trust Group

NYX Gaming

PraxisIFM

Willis Towers Watson

Work highlights

  • Advised Expro Group on the Guernsey elements a pre-pack insolvency governed by US law.
  • Advised two gambling companies on the purchase of NYX Gaming Group via a Guernsey scheme of arrangement.
  • Advised GBGI Limited (an AIM-listed Guernsey company) on its sale to Further Global Capital Management.
  • Advised the Victus European Student Accommodation Fund on the sale of three Guernsey companies owning student housing in the UK.
  • Advised PraxisIFM on its purchase of Bahamian company Nerine International Holdings.

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Dispute resolution
Dispute resolution - ranked: tier 2

Appleby

Appleby boasts a strong data protection and regulatory offering following the addition to the team of a number of key advocates in this area including Richard Field. Practice head Anthony Williams has a particular expertise in investment disputes, contentious insolvency, asset‐tracing and trust litigation actions. The team’s client list includes a number of significant global financial services companies, trust structures, local businesses and private clients.

Practice head(s):Anthony Williams

Other key lawyers:Richard Field

Testimonials

'A very strong core team'

'Richard Field is comfortably Guernsey's eminent data protection lawyer'

'Anthony Williams has an impressive set of communication skills which, together with his solid knowledge of the law, helps the client to navigate the minefields of any litigation'

Key Clients

Aurigny Air

Falcon Media House

GBGI Limited

Hazel Liang

Intertrust Group

Northern Trust

Work highlights

  • Acted for Hazel Liang, a beneficiary, in an application which sought to block the trust's pay-out and termination after money laundering was alleged.
  • Advising on the compulsory liquidation of technology company Falcon Media House and appropriate insolvency procedures involving its other group companies.
  • Advised GBG Insurance on a scheme of arrangement concerning the sale of the company.
Leading individuals

Anthony Williams - Appleby

Next Generation Partners

Richard Field - Appleby

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Employment
Employment - ranked: tier 2

Appleby

Appleby’s employment practice has enjoyed a strong expansion to its client base, with a suite of banks, financial institutions and local and international businesses being added to the roster. Practice head and recently promoted partner Richard Sheldon often acts on high-profile contentious matters including executive departures, breach of covenant issues, unfair dismissal claims and trade union disputes. Non-contentious mandates include policy and contract reviews, employee share scheme advice and employment-related M&A work.

Practice head(s):Richard Sheldon

Testimonials

'An approachable, good quality team of good communicators'

'Always pragmatic and solutions focused'

'Richard Sheldon is outstanding. He is always very professional in his approach and is always on hand to assist'

'Richard Sheldon is efficient and helpful. He is incredibly knowledgeable in his field and gives practical, honest advice'

Key Clients

Bank Julius Baer

Barclays Group

Canaccord Genuity Wealth

Clifford Chance

CMS Cameron McKenna Nabarro Olswang

Equiom

Estera

Eversheds Sutherland

Grant Thornton

Guernsey Electricity

HSBC Group

International Energy Group

Office of Guernsey Data Protection Commissioner

PraxisIFM

Richmond Fiduciary Group

Safehaven International

Sanne Group

Santander

Work highlights

  • Advised on the employment issues of PraxisIFM's £23.6m share acquisition of Nerine International Holdings.
Next Generation Partners

Richard Sheldon - Appleby

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Insurance
Insurance - ranked: tier 3

Appleby

Appleby’s insurance offering has a particular focus on providing the firm’s corporate clients with Guernsey-specific insurance law and regulation advice concerning global M&A transactions. The practice also has expertise in insurance-linked securities and regularly provides advice on the licensing process and requirements for establishing insurance intermediaries in Guernsey.

Key Clients

Aon

Deutsche Bank Group

GBG Group

Howden UK Group

HSBC Bank

MS Amlin

Reed Smith

RL360 Group

Robus Risk

Willis Towers Watson

Zedra Trust Company Group

Zedra Insurance Company

Work highlights

  • Advised Howden UK Group on the requirements for licensing and the licensing process to operate as an insurance intermediary in Guernsey.
  • Advised Global Security Life Insurance and GBG Insurance on matters relating to the change of controllers arising from a proposed acquisition.

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Investment funds
Investment funds - ranked: tier 4

Appleby

Appleby's handles various mandates concerning listed and private funds, some of which involve collateralised loan obligations, with counsel Chet Pohl. Kate Storey left in mid-2018 to join WALKERS, and in September 2019 Andrew Harding returned to the Isle of Man, joining DQ.

Other key lawyers:Chet Pohl

Testimonials

'The team has a good knowledge of market practice and anticipates the responses of the counterparty.'

'One of the more forthcoming firms, and one that invests the most time in assisting clients early on in the process.'

'Chet Pohl is fundamental in transactions for navigating the processes of fund launches, providing a pragmatic and clear opinion on the pertinent matters.'

Key Clients

Augentius

Blackstone

BMO Real Estate Partners

Brooks Macdonald

Equiom

Ground Rents Income Fund

HSBC

Intertrust

PraxisIFM

Wells Fargo

Work highlights

  • Advised Ground Rents Infrastructure Fund on a refinancing, a conversion of warrants into ordinary shares and the listing of said shares on TISE.

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Private client, trusts and tax
Private client, trusts and tax - ranked: tier 3

Appleby

Appleby regularly advises the firm’s corporate clients with a range of non-contentious issues including due diligence on corporate transactions, template trust agreement reviews, company director advice, anti-money laundering requirements and pension and employee benefit trust issues arising from M&A transactions. The team also fields expertise with breach of trustee duty applications, trust restructuring exercises, structure wind-ups and foundation migration exercises. Alison MacKrill and Richard Field (in the dispute resolution department) also cite a particular strength in advising fiduciaries on data protection issues.

Practice head(s):Alison MacKrill

Other key lawyers:Paula Fry; Richard Field

Testimonials

'The Appleby team is proactive and accessible with a good sense of commercial awareness. Owns the matter and get the job done, often against tight timelines'

'Alison Mackrill and Paula Fry are excellent'

'Very knowledgeable with fiduciary matters and the quality of work is exceptional'

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Legal Developments in Guernsey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • In re B; B v T (Court of Appeal, 11 July 2012)

    A trustee's duty of confidentiality has recently been discussed and to some extent clarified in the recent Guernsey Court of Appeal decision of In re B; B v T (Court of Appeal, 11 July 2012). This summary has been prepared to provide you with a summary of the case as well as the general issues raised, but is not intended to cover all matters or to provide commentary.   This summary does not constitute legal advice.
  • The Company Administration Regime in Guernsey

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  • Guernsey Image Rights Legislation

    The Image Rights (Bailiwick of Guernsey) Ordinance 2012 (the Ordinance) and The Image Rights (Bailiwick of Guernsey) Regulations, 2012
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  • Competitive Guernsey

    Guernsey has been considering the introduction of local competition law since at least 2005 and by bringing into effect The Competition (Guernsey) Ordinance, 2012 on 1 August 2012, has introduced an effective Competition Law regime, to regulate the same 3 core areas recognized in most competition regimes, namely the abuse of a dominant position, anti-competitive arrangements, and mergers and acquisitions.
  • Friendly Rivalry? The Competition Laws of the Channel Islands

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  • Channel Island Stock Exchange, LBG - Listing of Securities of Investment Funds

    The Channel Islands Stock Exchange, LBG (the Exchange or CISX) commenced operations on 27 October 1998 and is intended to provide recognised facilities for the listing and trading of securities issued by companies and investment funds.
  • Investment funds in Guernsey

    The investment funds industry in Guernsey has achieved significant growth in recent years. Statistics show that as at 30 June 2011 there was ÂŁ274.5 billion of assets under management in Guernsey.
  • Guernsey Companies Law - Office of the Registrar of Companies

    This memorandum has been prepared for the assistance of our clients in connection with the provisions relevant to the Office of the Registrar of Companies under the Companies (Guernsey) Law, 2008 (as amended) (the “Companies Law”).