Banking and finance in Gibraltar

Hassans

Hassans has first-rate expertise in all areas of legal practice, and banking and finance is no exception. Maintaining a strong team with a variety of specialisms, the firm advises banks on licence applications as well as e-money instructions setting up cards. The group is particularly active in the insurance sector; Nigel Feetham QC has for many years been involved in the implementation of insurance legislation, and is the most sought-after expert for insurance companies looking for assistance with redomiciliation, restructuring and all other aspects of operations in Gibraltar. On the banking side, Valerie Holliday advises multinational banks on finance transactions and assists with the  reorganisation of credit institutions.

Practice head(s):

Tony Provasoli; Nigel Feetham QC

Other key lawyers:

Yvonne Chu; Francis Warne; Valerie Holliday

Testimonials

‘Most contact is with the Financial Services team, specifically the Insurance team and partner Nigel Feetham. Nigel’s knowledge of the insurance arena is second to none in Gibraltar and he is respected for this pre-emince far and wide. Other firms in Gibraltar have been involved with insurance matters but none matches the standards set by Hassans and Nigel.’

‘Nigel Feetham – knowledge and understanding of the insurance industry in Gibraltar and by extension UK. This position allows him to discuss pertinent matters from a position of strength and understanding.’

‘Stable team which provides consistency in their relationship approach and inspires confidence in their knowledge of the sector.’

‘Solutions focused with a flexible approach.’

‘Highly capable and responsive team with commercially minded lawyers providing sound technical advice.’

‘Valerie Holliday and Francis Warne both very approachable and commercial.’

‘Hassans being the largest firm in Gibraltar have an extensive depth and breath in their practice being able to call upon the expertise be it in tax, corporate or regulatory matters for example. Members of the team are highly competent and knowledgeable and provide professional advice and assistance as required.’

‘Their availability and attention to detail.’

‘Client-oriented, responsive.’

‘Approachable, no nonsense attitude, efficient.’

‘Highly professional team, which gives customers great comfort in the advice received. ’

‘High level of expertise in their respective areas of specialization. Excellent attention to detail.’

Key clients

Staysure

Work highlights

  • Advising Red Sands on its portfolio transfer.
  • Acting for Lighthouse insurance companies in Gibraltar in respect of their portfolio transfer.
  • Advising on the redomiciliation of Premium Insurance Company Limited from Gibraltar to Malta.

ISOLAS LLP

ISOLAS LLP is frequently consulted by large, London-based corporate firms to assist with M&A, management buyouts and financing for clients with ties to Gibraltar. The firm is also notable for its strong capital markets offering; Christian Hernandez focuses on leveraged transactions involving high-yield debt offerings. Christian Caetano is a 'go to person' for insurance matters, having secured Supreme Court approval for the first long-term insurance portfolio transfer by a Gibraltar life insurance protected cell company. James Montado is recommended for regulatory work, which includes GDPR issues.

Practice head(s):

Christian Hernandez; James Montado; Christian Caetano

Testimonials

‘The team is very specialized in insurance.’

‘Christian Caetano is the go to person.’

‘Isolas has the ability to react efficiently to the needs and requirements of their client. They have a very good depth and knowledge of industry and have ample resources to meet the expertise being sought in the area of law. Their team is very approachable and are always available for a consultation and provide quick and efficient advice when required. They go further than to provide what the law says by providing a client seeking advice with the options and pros and cons of these in order to assist with an informed decision. ’

‘It is particular satisfaction that a client can rely on a senior partner such as James Montado to be available at a moments notice to provide advice and support to the firm. Having worked with the firm for this length of time it is comforting to have this support and James’ in-depth knowledge of the firm and its culture which makes seeking advice easier in the sense that James knows exactly where to pitch this.’

Key clients

Kings Wharf Limited

Elliott Management and Monarch Alternative Capital

Gibraltar Financial Services Commission

Caversham Insurance Limited

Millennium Insurance Company Limited

Her Majesty’s Government of Gibraltar

Royal Bank of Scotland International / Gibraltar International Bank / Trusted Novus Bank

Work highlights

  • Acting for Kings Wharf Limited on a financing and construction project worth £40m.
  • Represented Elliott Management and Monarch Alternative Capital in relation to an exit financing worth £75m.
  • Assisting Gibraltar Financial Services Commission with its legislative reform programme.

Triay Lawyers

Triay Lawyers's banking practice focuses on assisting international clients with financing and investment transactions as they relate to Gibraltar. The group is also involved in the development of the law in the region; Joseph E Triay is often consulted by the Gibraltar Financial Services Commission. Insurance is another key area for the team, and Jay Gomez, promoted to director in 2020, advises a number of insurers on the financing and change of control. At associate level, Javi Triay is recommended for regulatory matters.

Practice head(s):

Alan Buchanan; Joseph E Triay; Javier Triay

Other key lawyers:

Javi Triay; Jay Gomez

Key clients

Jyske Bank A/S

Jyske Bank (Gibraltar) Limited

Gibraltar Financial Services Commission

Work highlights

  • Advised a global multi-line reinsurer on the Gibraltar law aspects of a £242m debt restructuring.
  • Provided Gibraltar law assistance to a leading global insurance provider in respect of a £60m facility agreement.
  • Advised Jyske Bank A/S on the sale of its Gibraltar subsidiary.

TSN Barristers & Solicitors

TSN Barristers & Solicitors has a strong financial services practice, advising private and retail banks, fund management companies and financial institutions on a range off issues. Particular areas of specialism include advice on investor funds, establishment issues and the licensing and European passporting of financial services businesses. Brendan Murphy and Louis Triay are the key names.