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Appleby

13-14 ESPLANADE, ST HELIER, JE1 1BD, JERSEY
Tel:
Work 01534 888777
Email:
Web:
www.applebyglobal.com

Jersey

Banking and finance
Banking and finance - ranked: tier 2

Appleby

The ‘strong and trusted’ outfit at Appleby is composed of ‘highly competent and responsive’ attorneys who are ‘very experienced in fund finance’. An enviable client base including names such as HSBC, Wells Fargo and Santander regularly appoints the group, led by Wendy Benjamin, to advise on refinancing matters, real estate finance transactions and complex restructurings. Senior associate Chris Spencer ‘knows just what clients are after’ and was part of the team acting for Barclays in a debt refinancing with Premier Oil, including the negotiation of Jersey law share securities; associate Kevin McQuillan assisted James Gaudin with his work for Goldman Sachs as the purchaser of notes from an issuer as part of the financing of a corporate transaction. Also notable is private equity and hedge fund specialist Andrew Weaver, who acted for Tritax Big Box REIT on the offshore elements of a new tranche of funding. The team welcomed a number of new associates, including three from UK law firms.

Leading individuals

Wendy Benjamin - Appleby

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Commercial property
Commercial property - ranked: tier 1

Appleby

The lawyers at Appleby ‘always provide prompt responses and have a great depth of knowledge’; clients single out ‘very knowledgeable’ practice head Tim Hart and senior associate Jonathan Anderson. New client Point Properties recently appointed a team led by consultant John Bisson to oversee its acquisition of the reversionary interest in the Radisson Blu Waterfront Hotel from the States of Jersey Development Company, and Hart represented World Duty Free in the negotiation of its ten-year agreement with Ports of Jersey to provide duty and tax-free items in the departure lounge of the airport. The team also works closely with the corporate and commercial department to advise on acquisition financing transactions in the real estate sector. Other notable clients include Dandara, the Palladium Group and the States of Jersey Property Holdings.

Leading individuals

Tim Hart - Appleby

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Corporate and commercial
Corporate and commercial - ranked: tier 2

Appleby

The ‘strong and trusted’ team at Appleby ‘continues to be responsive and provide the expertise clients require’ under the leadership of Wendy Benjamin, who has ‘an excellent understanding of commercial law and gives clear and concise guidance’. A team led by Fraser Robertson and Andrew Weaver – who ‘is not afraid to stand firm when needed’ – represented Kennedy-Wilson Europe Real Estate in its $3bn merger with Kennedy-Wilson Holdings, and Sime Darby engaged the group to act as Jersey counsel on its listing on the main market of Bursa Malaysia Securities Berhad. Michael Cushing collaborated with Benjamin to advise a trust company on the insolvency issues arising from the reinstatement of a company following its wrongful summary winding-up, and James Gaudin was supported by ‘excellent’ associate Kevin McQuillan to oversee Lone Star’s acquisition of 14 care homes in the UK as Jersey counsel.

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Dispute resolution
Dispute resolution - ranked: tier 2

Appleby

The ‘top-class’ offering at Appleby is ‘a quality act and fun to work with’. Blue-chip institutions and large corporate entities appoint the group to advise on commercial disputes, fraud and asset tracing matters, and trust litigation. An offshore-based trustee appointed the ‘excellentMichael Cushing to advise on its challenge to a beneficiary’s application to the Royal Court for the disclosure of confidential trust documents, while practice head Fraser Robertson collaborated with counsel Jared Dann to register and enforce an English judgment against an individual. The department also closely collaborates with the corporate team in the context of court-sanctioned bank transfer schemes and disputes arising from insolvency proceedings. Louise Richardson resigned from her partnership position to take up an in-house role at the States of Jersey.

Leading individuals

Fraser Robertson - Appleby

Michael Cushing - Appleby

Next generation lawyers

Jared Dann - Appleby

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Employment
Employment - ranked: tier 2

Appleby

Appleby’s employment outfit operates as a sub-team of the wider dispute resolution practice under the leadership of counsel Richard Sheldon, who leads the employment work across the Channel Islands. The main bulk of Sheldon’s caseload revolves around corporate support, compromise agreements, immigration and housing issues, pensions and data protection. HSBC recently appointed the group to advise on the employment and pension aspects of its restructuring across the crown dependencies, and a fiduciary services business instructed the firm to undertake an independent investigation into allegations that its chief compliance officer had suppressed information from the board and the regulator. Also notable were Fraser Robertson’s defence of a hospitality company in an unpaid wages claim filed by a former employee, and his work for a public sector employee with regard to his allegations that his employer misused personal data pertaining to him and his spouse.

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Investment funds
Investment funds - ranked: tier 2

Appleby

Appleby’s investment funds practice head Andrew Weaver ‘provides a commercial and practical approach to service with focus, efficiency and cost-effectiveness’; ‘combined with his vast experience of the Jersey regulatory environment, the team is a very successful group of attorneys’. Acting for both established clients and new market entrants, the group handles European private equity, fund finance transactions, management reorganisations and the setting up of new real estate and private investment structures. Weaver recently acted for Stirling Square in obtaining regulatory approval for the establishment of a new LLP structure, and oversaw the complex capital return and clawback provisions of a late-stage private equity fund on behalf of a private equity adviser to allow it to continue making distributions with an unresolved contingent liability.  Other key contacts include James Gaudin, senior associate Christopher Spencer and associate Daniel Healy, who joined from a major international firm in 2017.

Leading individuals

Andrew Weaver - Appleby

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Private client, trusts and tax
Private client, trusts and tax - ranked: tier 2

Appleby

The private client lawyers at Appleby ‘are all particularly timely in the delivery of their services and all have a keen technical and business acumen, ensuring their advice is appropriate and cost-effective’. Practice head David Dorgan is praised for his ‘sound knowledge of the law, availability, great communication skills and willingness to go the extra mile’; he recently handled the trust documentation for the establishment of a new charitable structure to hold shares in multiple SPVs on behalf of a commodities company. In other highlights, the group is advising the settlor of a new life income trust established through the relocation of an existing unregulated fund from the Cayman Islands to Jersey on discretionary capital and protector provisions. For contentious work, clients can rely on Michael Cushing, who acts as managing partner of the Jersey office, and dispute resolution practice head Fraser Robertson.

Leading individuals

David Dorgan - Appleby

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Structured finance and securitisation
Structured finance and securitisation - ranked: tier 2

Appleby

Appleby’s James Gaudin recently led the advice to HSBC on a master margin loan facility on behalf of Givolon, an SPV set up by Glencore, and Andrew Weaver teamed up with Guernsey’s Jeremy Berchem to handle the regulatory aspects of a private exchange offer by Bank of America to certain eligible holders of its outstanding debt securities to swap them for new fixed and floating rate senior notes. In other highlights, Barclays appointed the group to assist the 13 institutional investors who were the initial purchasers of a private offering of senior notes by Delphi Jersey Holdings, and Weaver guided Tritax through the offshore elements of a new tranche of funding. Other notable clients include Goldman Sachs, Deutsche Bank and JP Morgan Chase.

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