Mourant

Mourant, an international professional services firm, has acted as Cayman Islands legal counsel to IQM Finland Oy (IQM) on a business combination with the special purpose acquisition company, Real Estate Acquisition Corp (Nasdaq: RAAQ). The transaction values IQM at approximately US$1.8 billion and makes it the first European quantum company to go public. The deal is subject to certain closing conditions. IQM is a global leader in building quantum computers. The transaction provides funding with the aim to accelerate IQM's technology and commercial development towards fault-tolerance quantum computing, further strengthening its position in the market. Headquartered in Finland, IQM is also considering a dual listing that would see the trading of IQM’s ordinary shares on the Helsinki stock exchange, which would be expected to take place following the completion of this transaction. Leading the team for Mourant was Partner Andrew Grant, with support from Associate Paris Goode. Andrew commented: "This transaction highlights our continued momentum acting as Cayman Islands counsel on significant business combinations and reinforces our expertise in advising on complex, high value mandates." This is the latest high-value business combination delivered by Mourant's Cayman Corporate team. At the end of last year, they advised Armada Acquisition Corp. II, a publicly listed special purpose acquisition company sponsored by Arrington Capital, on the Cayman Islands law aspects of its US$1 billion business combination with Evernorth Holdings Inc.   For further information please contact: Chloe Whittaker, External Communications and Content Manager: [email protected] About Mourant Mourant is an international professional services firm with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services. We are an international and globally-integrated firm with offices in a number of the world's leading international finance centres, including London, Singapore and Hong Kong. Our business is intrinsically linked to the global economy and the capital flows that support it. We serve the needs of our clients in all major time zones, facilitating responsible cross-border finance and investment, the pooling and protection of capital and the resolution of disputes. Our clients include many of the world's leading financial institutions, international corporations, asset managers and institutional investors. We are routinely instructed to work alongside the world's pre-eminent legal, accounting and financial services firms. We have an outstanding reputation for integrity and professional ethics, underpinned by a strong risk management culture. Find out more: mourant.com

Mourant, an international professional services firm, has secured its position as the top legal adviser to all funds serviced in Jersey according to the 2025 Monterey Fund Report. In the latest findings, Mourant topped the table for number of funds serviced among all legal advisers in Jersey. Notably, the firm advised on a total of 1,198 funds, an increase of 84 funds compared to the previous year. This accounts for 32.83 per cent of the market share, reflecting its significant strength in the market and continued leadership within the funds sector. In addition, Mourant once again achieved the highest combined market share by assets, with market share by assets soaring to US$621.5 billion in the period assessed, over US$250 billion more than the nearest in its peer group. The report is published by Monterey Insight, an independent fund research company, and provides a comprehensive statistical analysis of all funds domiciled, serviced or distributed in Jersey. Monterey's 31st annual report highlights continued strong performance in the sector, with fund assets serviced in Jersey increasing by seven per cent in US dollars as of 30 June 2025. The number of sub funds also expanded by four per cent, reinforcing Jersey’s position as a leading international centre for sophisticated fund structures. Joel Hernandez, Mourant Law LP Partner and Head of the Jersey Investment Funds team, said: "We're delighted to have maintained our spot at the forefront of the Jersey funds industry, leading the tables for number of serviced and distributed funds and number of assets again this year. This latest report demonstrates the depth of expertise and high standards that define the Jersey funds community, and it's pleasing to see this collective performance recognised so decisively." Earlier this year, Joel Hernandez was appointed as the new Chair of the Jersey Funds Association, the representative body for Jersey’s funds industry, representing his expertise and influence within the sector.   For further information please contact: Chloe Whittaker, External Communications and Content Manager: [email protected] About Mourant Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services. We are an international and globally-integrated firm with offices in a number of the world's leading international finance centres, including London, Singapore and Hong Kong. Our business is intrinsically linked to the global economy and the capital flows that support it. We serve the needs of our clients in all major time zones, facilitating responsible cross-border finance and investment, the pooling and protection of capital and the resolution of disputes. Our clients include many of the world's leading financial institutions, international corporations, asset managers and institutional investors. We are routinely instructed to work alongside the world's pre-eminent legal, accounting and financial services firms. We have an outstanding reputation for integrity and professional ethics, underpinned by a strong risk management culture. Find out more: mourant.com

Mourant, an international professional services firm, has acted for members of the NCB Financial Group on a strategic intra-group restructure which forms part of the Group's efforts to optimise its business structure and align related business activities. The transaction involves the sale by National Commercial Bank Jamaica Limited of its wholly-owned subsidiaries, NCB (Cayman) Limited and NCB Trust Company (Cayman) Limited, to Clarien Bank Limited, and the linked sale by NCB Capital Markets (Cayman) Ltd. of a defined portfolio of wealth and investment management client relationships. The deal is subject to certain closing conditions and regulatory approval. The Mourant Corporate team was led by Partners Tom McLaughlin and Catherine Pham, supported by Associate Paris Goode and Paralegal Charmaine Yu. Specialist financial services regulatory advice was provided by Partner Sara Galletly and her team. Tom commented: "We were pleased to support our clients on this important strategic internal realignment. This is a great example of the way our corporate and regulatory experts are able to closely collaborate to provide integrated advice on complex cross-border share and asset-sale transactions, particularly those involving regulated financial services businesses."     For further information please contact: Chloe Whittaker, External Communications and Content Manager: [email protected] About Mourant Mourant is an international professional services firm with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services. We are an international and globally-integrated firm with offices in a number of the world's leading international finance centres, including London, Singapore and Hong Kong. Our business is intrinsically linked to the global economy and the capital flows that support it. We serve the needs of our clients in all major time zones, facilitating responsible cross-border finance and investment, the pooling and protection of capital and the resolution of disputes. Our clients include many of the world's leading financial institutions, international corporations, asset managers and institutional investors. We are routinely instructed to work alongside the world's pre-eminent legal, accounting and financial services firms. We have an outstanding reputation for integrity and professional ethics, underpinned by a strong risk management culture. Find out more: mourant.com

Mourant, an international professional services firm, has advised Guernsey-based hospitality group R.W. Randall Limited (Randalls) on its strategic acquisition of Big Red Guernsey Limited, owner of three popular restaurants on the island: Red, Rosso, and Tinto. The transaction underscores Mourant’s strength in delivering fully integrated, multi‑disciplinary advice on complex local, cross‑practice mandates. Mourant's Corporate team led the M&A aspects of the deal, supported by specialist advice across competition, employment, data protection, and commercial property, ensuring a seamless end‑to‑end service for the client. The deal was led by Corporate Partner James Cousins, with support from Corporate Associate Ashley Kerr. Corporate Partner Alana Gillies Ridout and Paralegal Ella Kirk helped secure the required approval from the Guernsey Competition and Regulatory Authority. Employment Partner Rachel Guthrie and Commercial Property Senior Associates Laura Bougourd and Alison Wood provided specialist employment and property advice. Mourant's lawyers worked closely with investment management and corporate and property advisory services group Ravenscroft Capital, reflecting a collaborative approach that combined legal and commercial insight in support of Randall's strategic growth objectives. James Cousins commented: "This transaction is a great example of how our Guernsey practice brings together a depth of expertise from across multiple different disciplines. Working together with Ravenscroft, our proactive, collaborative approach facilitated a smooth process for the client. I am thrilled for the team at Randalls and confident that this exciting acquisition will be a great success." This acquisition builds on Mourant's existing relationship with Randalls. In late 2025, the same team also supported Randalls on its acquisition of FH Holdings Limited, owner of The Farmhouse.

Mourant, an international professional services firm, is pleased to announce the promotion of three Partners based in its Channel Islands and Cayman Islands offices. Benjamin Manchak and Jessica Vickers from the firm's Guernsey and Cayman Islands Litigation practices, and Jersey investment funds specialist Stefan Chinniah, will become Partners from 1 February 2026. Benjamin has been with Mourant since 2015 and possesses broad litigation experience developed during his decade at the firm, time spent at leading firms in the US and UK, and a period at the Office of the Prosecutor's Appeals Unit at the International Criminal Tribunal for former Yugoslavia. In Legal 500 UK 2026, Benjamin is recognised as a Leading Associate in Dispute Resolution. Jessica joined Mourant in 2016 and advises on high-value cross-border commercial disputes, including contentious trust matters, fraud and misconduct allegations, and insolvency and restructuring cases. She was recently appointed co-chair of the Cayman Islands branch of the International Women's Insolvency and Restructuring Confederation (IWIRC). Stefan first joined Mourant in 2012 and returned in 2020 after time spent with CMS in London. His practice focuses on the formation and operation of private equity, venture capital and real estate funds and investment structures. Law firm Managing Partner, Ben Robins, commented: "I would like to congratulate Ben, Jessica and Stefan on their well-deserved appointments. All three lawyers have made outstanding contributions to their practice areas and the wider firm over the years, and it's a pleasure to welcome them to our leadership team." Benjamin said: "It's an honour to be joining the Mourant partnership. Having spent much of my career at the firm, I’ve had the privilege of working alongside exceptionally talented colleagues and am grateful for the opportunities and support I’ve received over the years. I look forward to contributing to the continued growth and success of our Litigation practice in the coming years." Jessica said: "I'm thrilled to be joining the partnership and for this opportunity to progress my career at Mourant. I feel fortunate to work alongside such dedicated and talented colleagues, and I’m grateful for the support and opportunities I’ve had since joining the firm. I'm excited to continue building our Cayman litigation offering and contribute to the growth of the practice." Stefan added: "I'm delighted to be appointed Partner. Mourant has been central to my professional journey, and I’m proud to work with such dedicated, collaborative teams across the firm. Our market-leading Jersey Funds practice continues to go from strength to strength, and I am excited to help drive further innovation and excellent outcomes for our clients." These latest appointments follow last year's addition of six new partners across Mourant's Jersey, Guernsey, Luxembourg and Cayman Islands offices, reflecting its continued investment in talent and leadership across the firm.

Mourant, a law firm-led professional services firm, has advised on the offshore corporate, finance and real estate aspects of the £5.2 billion disposal of Barchester Healthcare to Welltower, thought to be the world's largest-ever care home deal. Barchester is one of the UK’s leading independent care providers, operating over 250 care homes and seven registered hospitals, and employing more than 17,000 staff. Contracts were exchanged on 11 September 2025, with completion taking place on 16 October 2025. Mourant corporate and finance Partners Sam Malpass and Gareth Rigby led the Jersey law aspects of the transaction, supported by Senior Associates Lauren Maycox Turner, Sarah Kerr and James Le Seelleur, and Associates Carla Nocerino and Leah Harvey. The Jersey real estate aspects of the transaction were led by Head of Property, Julie Melia. The BVI law aspects were handled by Partner Ian Montgomery, with assistance from Associate Katharina Jungclaussen. Gareth Rigby, Global Practice Leader for Corporate and Finance, commented: "Having acted for Barchester for over 25 years, we have been delighted to witness the success that the excellent management team has delivered for this business. This transaction reflects the strength of our longstanding relationship with Barchester and showcases the depth of expertise across our global corporate, finance, and real estate teams in advising on complex, multijurisdictional deals." Mourant's expertise in Corporate and Finance has recently been recognised with a top tier ranking in leading independent legal directory, Chambers and Partners, with a source in the guide commenting: "The quality of advice, market knowledge and delivery to timetable is always first class. They are our first choice for all Jersey law work on corporate matters."

Mourant, a law firm-led professional services firm, has appointed Adrian Dobbyn as Head of Luxembourg Corporate Governance. Adrian brings more than a decade of legal and corporate experience in private equity, mergers and acquisitions, joint ventures and corporate restructurings, alongside significant skill in cross-border transactions. In his role as Director within Mourant Governance Services, Adrian will lead and grow Mourant's corporate governance offering in Luxembourg. Services being delivered will include coordination and preparation of board meetings, company secretarial support, liaison officer duties between all related parties including auditors, Luxembourg filings, the maintenance of registers, and board appointments. Melina Howard, Managing Director of Mourant Governance Services (Luxembourg) S.à r.l., commented: "Adrian's appointment is an exciting step in the expansion of our governance services offering here in Luxembourg. His client-focused approach will provide our clients with a top-tier service that combines technical legal knowledge and corporate management expertise with practical insight, and his leadership will be an asset as we continue to broaden our capabilities." Aldric Grosjean, Mourant's Luxembourg Managing Partner, added: "We’re delighted to welcome Adrian to the team. His deep legal expertise and strategic insight into corporate governance will be instrumental in enhancing the strength and breath of our Luxembourg offering." Adrian Dobbyn said: "There’s a clear demand in Luxembourg for corporate governance services delivered with legal standards, and I look forward to offering a service that will deliver real value to our clients." This development marks another phase in Mourant's ongoing growth, which includes Mourant Governance Services (Luxembourg) S.à r.l. being granted its PFS licence by the Commission de Surveillance du Secteur Financier in 2024, positioning the firm to offer a wider range of corporate and fund administration services in the region. Notes to Editors For further information please contact: Chloe Whittaker, External Communications and Content Manager: [email protected] About Mourant Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services. We are an international and globally-integrated firm with offices in a number of the world's leading international finance centres, including London, Singapore and Hong Kong. Our business is intrinsically linked to the global economy and the capital flows that support it. We serve the needs of our clients in all major time zones, facilitating responsible cross-border finance and investment, the pooling and protection of capital and the resolution of disputes. Our clients include many of the world's leading financial institutions, international corporations, asset managers and institutional investors. We are routinely instructed to work alongside the world's pre-eminent legal, accounting and financial services firms. We have an outstanding reputation for integrity and professional ethics, underpinned by a strong risk management culture. Find out more: mourant.com

Mourant, an international professional services firm with law at its core, is celebrating the appointment of Joel Hernandez as the new Chair of the Jersey Funds Association (JFA), the representative body for Jersey's market-leading funds industry. Joel possesses over 25 years of industry experience and currently heads Mourant's thriving Jersey Investment Funds practice. He specialises in real estate, private equity and venture capital funds, as well as private joint venture arrangements. He regularly advises global fund promoters, joint ventures and international service providers across a variety of asset classes with a particular focus on overseas pension and sovereign fund investors. Before joining Mourant in 2005, Joel worked as a senior lawyer at Australia's largest investment fund manager, advising on areas of trust law, superannuation and managed investments for some of Australia's largest investment funds. Prior to his appointment as Chair, Joel was Vice-Chair and was also Chair of the JFA's Legal and Technical Sub-Committee. In Chambers and Partners UK 2025, Joel is ranked Band 1 in Offshore: Investment Funds, and named a Leading Partner by Legal 500 UK 2025. Joel commented: "I'm honoured to be appointed as Chair of the Jersey Funds Association and I would like to thank the committee and JFA's wider membership for their trust and support. It’s a privilege to take on this role within such a dynamic and respected industry body. "The Jersey funds sector continues to evolve at pace, and it’s an exciting time to help shape the future of our industry. As Chair, I look forward to working with industry, Jersey Government, Jersey Finance and the Jersey Financial Services Commission to ensure Jersey remains a leading jurisdiction for funds globally." In January, the Mourant Investment Funds team once again secured its position as the top legal adviser to investment funds in Jersey, according to leading independent fund industry research company Monterey Insight. Mourant's Jersey Funds team is also consistently placed at the top of the legal ranking tables, with the latest Chambers and Partners UK guide describing the team as enjoying "a formidable reputation."

Mourant has been named as one of the 2024 eprivateclient Top Offshore Law Firms, maintaining its Tier 1 position in the multi-jurisdictional firms ranking table for another year. The aim of eprivateclient's Top Offshore Law Firms list is to identify, recognise, introduce and promote the leading offshore law firms operating in the market. In deciding the rankings, eprivateclient reviews the number of private client partners, private client fee earners and private client staff in the department, as well as examining fee income and the number of jurisdictions the firm operates in. Mourant Global Head of International Trusts and Private Client, Ed Devenport, commented: "We are pleased to once again feature in the guide to the 2024 eprivateclient Top Offshore Law Firms. Maintaining our position at the top of the table is testament to the expertise of our talented lawyers and the excellent service we provide to our clients. Congratulations to every member of the team who contributed to us achieving this recognition." Earlier this year, Mourant celebrated impressive rankings in the Chambers and Partners High Net Worth Guide 2024, with its International Trusts and Private Client team maintaining a top tier Band 1 ranking in Offshore: Trusts in Jersey, and a Band 2 ranking in Offshore: Trusts in Guernsey. The Chambers High Net Worth Guide identifies the top legal talent in international private wealth. In addition, Legal 500 UK 2025, published earlier this month, saw both teams awarded Tier 1 rankings in Private Client, Trusts and Tax in Guernsey and Jersey. Overall, Mourant achieved 18 team rankings in the guide, 14 of which were in Tier 1, the highest ranking awarded by the directory.