Next Generation Partners

Banking and finance in Gibraltar

Hassans

Hassans' market-leading practice advises a range of leading international banks, insurers and corporates on various complex, cross-border matters. The multidisciplinary outfit handles the full scope of financial services issues, including key regulatory and legislative developments affecting lending licensing, and compliance with anti-money laundering directives. Derivative transactions are also a core area of expertise. The team is jointly led by two partners: Nigel Feetham, who boasts considerable expertise in protected cell companies; and James Lasry, an accomplished figure in the domestic funds and investments space. Valerie Holliday is widely praised by clients for her depth of knowledge in this field, working with various clients on international finance transactions, e-money ventures and extensive regulatory reviews. Yvonne Chu's broad focus encompasses corporate lending transactions, collective investment schemes and security structures for Gibraltar insurers.

Practice head(s):

Nigel Feetham; James Lasry

Other key lawyers:

Valerie Holliday; Yvonne Chu; Anthony Provasoli

Testimonials

‘The banking and finance team in Hassans has been, and continues to be, a leader in the jurisdiction. They have a breadth of experience in advising a multitude of business proposals and they have a good working relationship with the Financial Services Commission which of course, helps the client get the right advice and be efficient.’

‘Valerie Holliday is second to none. She is straightforward, had a depth of knowledge and tells you what is possible and what is not. Very efficient.’

‘Excellent team with good practical advice and support.’

‘Valerie Holliday is a very practical and commercial lawyer’

‘Competent team with experience and expertise across a wide range of areas, that have required legal advice.’

‘Sound legal advice in the best interest of clients. Professional team with vast experience. Mainly worked with Tony Provasoli in the area of inward investment, which requires legal input in many aspects of the law.’

Key clients

Staysure

ISOLAS LLP

Praised by clients for its ‘responsive and pragmatic’ approach, ISOLAS LLP fields one of the leading banking and finance practices in Gibraltar. The team is a frequent referral partner for several major British firms, who seek out the team for its ability to handle various transactions, MBOs, regulatory issues and security enforcement mandates for a mix of commercial banks, insurers and public authorities. Policy reviews and drafting-based instructions are key strengths for the practice, with recent highlights including the preparation of “no-deal Brexit” legislation for the financial services sector. The team is jointly led by three partners who collectively provide significant market coverage: Christian Hernandez, a seasoned capital markets and shipping finance expert who regularly advises investment banks and multinational corporations; Christian Caetano, a highly experienced insurance specialist; and James Montado, who routinely assists clients with technical regulatory demands such as MiFID II, PSD2, PAD and GDPR.

Practice head(s):

Christian Hernandez; James Montado; Christian Caetano

Testimonials

‘Very responsive and pragmatic in the approach.’

Key clients

Her Majesty’s Government of Gibraltar

Millennium Insurance Company Limited

Caversham Insurance Limited

The Royal Bank of Scotland

The Gibraltar International Bank

Trusted Novus Bank

Valaris PLC

Kings Wharf Limited

Work highlights

  • Advised on the Gibraltar law implications of the Chapter 11 process on the Gibraltar subsidiaries of Valaris PLC, and on a $500m Debtor-in-Possession (DIP) term loan agreement.
  • Acted for HM Government of Gibraltar in connection with the legislative changes required to Gibraltar’s financial services legislation in preparation for Gibraltar’s withdrawal from the European Union.
  • Instructed by Millennium Insurance Company in relation to a proposed portfolio transfer/insurance business transfer to a newly incorporated and licensed French group insurer.

Triay Lawyers

With offices in Gibraltar, Marbella and Sotogrande, Triay Lawyers' cross-departmental group is ideally positioned to work with a number of commercial banks, private equity firms, corporations and regulatory authorities on a diverse range of instructions, both in Gibraltar and beyond. The team boasts an especially active banking license practice, while legislative reviews, insurance transactions and fund establishments are also core, consistent workflows. Joseph E Triay routinely advises major public bodies and private sector players with respect to collective investment schemes and funds incorporated in Gibraltar. Javier Triay is noted for his broad corporate and commercial experience, while Alan Buchanan is a key figure for corporate finance transactions in an array of sectors. Jay Gomez's expertise in financial services regulation sees him working with the government, banks and insurers on the implications of legislative overhauls. Javi Triay is recommended for his knowledge of fintech.

Practice head(s):

Joseph E Triay; Javier Triay; Alan Buchanan; Jay Gomez

Other key lawyers:

Javi Triay

Key clients

A Gibraltar Bank

Gibraltar Financial Services Commission

Altarius Capital Limited

HM Government of Gibraltar

Red Ribbon Fund Management Limited

Work highlights

  • Instructed by HM Government of Gibraltar to draft the necessary amendments to Gibraltar’s financial services legislation to take account of Brexit.
  • Advised two very large private equity firms in respect of their acquisition of a large insurance group, listed on the London Stock Exchange.
  • Instructed by three separate applicants for banking licences in Gibraltar.