Appleby > St Helier, Jersey > Firm Profile

Appleby
13-14 ESPLANADE
ST HELIER
JE1 1BD
Jersey

Jersey > Banking and finance Tier 2

At Appleby, lawyers are noted for assisting borrowers and lenders, including multinationals, banks, private equity houses and sovereign wealth funds on cross-border finance transactions, utilising the firm’s offshore office network. The team is skilled in real estate finance, fund finance, leveraged finance, as well as handling insolvency and restructuring issuers. It is regularly instructed to handle the finance aspects of major public M&A deals. Managing partner James Gaudin  leads the department, and has significant expertise in financing transactions, as well as corporate restructurings and cross-border insolvencies. Iain Millar joined from Mourant in July 2021, bringing with him a broad skillset that includes Islamic financing mandates. Christophe Kalinauckas is admitted in Cayman and Jersey, enabling him to handle a wide variety of offshore finance matters.

Practice head(s):

James Gaudin

Other key lawyers:

Iain Millar; Christophe Kalinauckas; Daniel Healy; Kevin McQuillan

Testimonials

‘The team is easy to work with, take a practical and commercial view on issues, keep you updated on matter progress and timeframes and raise any issues in a digestible manner. Always on hand to assist when needed and are a reliable off-shore firm that we are happy to recommend to clients.’

‘Daniel Healy understands expertly what we need from him as a local counsel specialist, striking the right balance between dealing with his workstreams unilaterally and raising issues which may need to be flagged to the client. Responsive, proactive and can be relied upon to get the deal done.’

‘Daniel Healy is very reliable and able to deliver clear and well costed advice on time.’

‘The Appleby team are responsive and personable. They are happy to spend time solving issues as they arise and anticipate issues ahead of them coming up.’

‘Daniel Healy is very good at finding solutions, is very responsive and does not waste time negotiating points which are not material.’

‘Kevin McQuillan – just a very good person to work with. Always on the point and mindful of what really matters. Commercially and technically astute.’

‘Christophe Kalinauckas was engaged with the task from our first call and assisted where necessary throughout the transaction.’

Key clients

Ashby Capital

HSBC

Barclays

Lloyds

Tritax Group

National Westminster Bank

OakNorth Bank

Silicon Valley Bank

Perwyn Advisors UK Limited

Santander

Bank of America

Paragon GP II GmbH

Investec Bank

Bank of Ireland

Atlantic Leaf Properties Limited

Acquiline Capital Partners

Work highlights

  • Advised Perwyn Advisors UK Limited on the acquisition of Jersey Telecom’s internet of things division.
  • Advised a private office on a development financing in respect of a central London property.
  • Advised a global private equity fund in relation to the funding arrangements on Permira’s USD 5.8B acquisition of Mimecast.

Jersey > Capital markets Tier 2

Appleby remains active, advising on numerous listings on the international stock exchange, acting as listing agent and sponsor, including for high-yield bonds, debt and hybrid securities issuances by pubic and private Jersey companies. Managing partner James Gaudin  leads the team, with expertise in financial products. Christophe Kalinauckas is a specialist in debt capital markets, with an impressive roster of banking sector clients. Senior associate Paul Worsnop has developed a niche in CLO structures.

Practice head(s):

James Gaudin

Testimonials

‘Supremely experienced team. Well-connected with JFSC and local service providers, helping clients beyond the pure legal aspects. Always available and proactive Exceeded our expectations in every level’

‘Paul Worsnop went above and beyond and his and James Gaudin’s advice proved instrumental to the launch, often working under tight timeframes.’

Key clients

Spark Change Group Inc

Atrium European Real Estate Limited

Petropavlovsk plc

Goldman Sachs

Livingbridge EP LLP

Harbour Energy plc

ECI Partners

Endless LLP

Värde Partners L.P.

Work highlights

  • Acted as Jersey counsel to Spark Change Group Inc on the launch of an Exchange Traded Commodity (ETC) which provides investors with exposure to regulated European Union carbon Allowances (EUAs) without needing to build the complex and costly infrastructure required to access the market directly and take delivery of the carbon allowances.
  • Advised Jersey public company Atrium European Real Estate Limited, a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe, on the issue of a EUR350,000,000 deeply subordinated hybrid green bond.
  • Acted as listing agent to GS Funding Europe V Limited (a subsidiary of The Goldman Sachs Group, Inc.) in respect of its listing of an aggregate amount of just under USD 5,000,000,000 debt securities on the official list of The International Stock Exchange.

Jersey > Commercial property Tier 2

Appleby is most known for its Jersey development work, advising on the acquisition of sites for commercial and residential projects, as well as assisting with finance, lettings and sales of developments. Following the retirement of Jonathan Anderson in 2021, the key name is John Bisson, a veteran of the Jersey property scene.

Practice head(s):

John Bisson

Testimonials

‘Small personal team. Strong in commercial property for 20 years.’

‘John Bisson  is simply one of if not the best property lawyer in Jersey. Very high attention to detail, but practical as well.’

‘The keep the clients needs front of mind.’

‘Their in depth knowledge of our particular circumstance.’

Key clients

Barclays Bank PLC

HSBC Bank PLC

The Royal Bank of Scotland International Limited

Lloyds Bank plc

Santander Financial Services plc

Dandara Group

Seymour Hotel Group

Rosscot Group Limited

AMP Golf Limited

Equipe Property Holdings Limited

Pizza Express (Jersey) Limited

Hettich Jewellers Limited

Work highlights

  • Advised the Dandara Group on the 99-year lease and underlease valued at approximately GBP£90mil in relation to the redevelopment of the principle offices of the Government of Jersey.
  • Advised the Dandara Group on the £6.5mil acquisition of a large former commercial site in St. Helier.

Jersey > Corporate and commercial Tier 2

Appleby leverages its well-developed global offshore office network to assist multinationals with public and private M&A, regulatory matters, insolvencies, distressed debt deals and restructuring. In 2021, the firm benefitted from the arrival of Iain Millar from Mourant, who is seasoned in private equity, corporate and real estate deals. Andrew Weaver heads the team, specialising in Jersey and Cayman law corporate transactions. Counsel Kevin McQuillan, who is developing a name for himself in the public M&A space. Senior associate Gemma Whale focuses on restructurings and insolvencies.

Practice head(s):

Andrew Weaver

Other key lawyers:

Kevin McQuillan; Iain Millar; Gemma Whale; Chris Smedley; Stephen Parnell

Testimonials

‘Kevin McQuillan was bright, knew his subject area and very responsive. Overall a pleasure to work with.’

‘Great coverage across the offshore markets with high quality lawyers’

‘Iain Millar – excellent lawyer – very practical and commercial; top quality execution’

‘Stephen Parnell (Associate in Corporate Team) – proactive. Always on hand to deal with matters at the drop of a hat.’

‘Applebys is strong in the jurisdiction we needed (Jersey). We needed a commercial approach from lawyers who knew how UK private equity deals worked. They more than delivered. They are also able to provide the post deal admin that the client needed so we see them as a valued resource during and post deal.’

‘We have had exposure to other firms that either don’t have the strength in depth of Appleby or don’t cover all of the areas we need for a deal of the type we tend to do when using Channel Island offices. Appleby’s coverage including internationally is really attractive when you are involved in so many cross border deals as we are.’

‘The personal touch hasn’t been lost in such a large corporate provider. The team take their time to relay the information in manageable chunks and in a manner that you understand ensuring that you are satisfied with the advice received. I repeatedly instruct Appleby due to their personable touch whilst providing top end advice.’

‘Kevin McQuillan never gets flustered and makes you feel confident that the transaction is going exactly as expected even when there are items that remain unresolved between the parties.’

Key clients

Advanz Pharma Corp. Limited

ALK Capital LLC

Ashby Capital LLP

Atlantic Leaf Properties Limited

Atrium European Real Estate Limited

Aquiline Capital Partners LLC

Bain Capital Private Equity

Barclays Bank plc

Berkeley de Veer Holdings Limited

HSBC Bank plc

Fortescue Metals Group

Livingbridge EP LLP

Lloyds Banking Group plc

LondonMetric Property plc

Mohsin Issa and Zuber Issa

Perwyn Advisors UK Limited

PraxisIFM Group

Regis Group (Holdings) Limited

Santander

Savannah Petroleum plc

SparkCognition, Inc

Suntera Global

TDR Capital LLP

Tritax Box REIT plc

Work highlights

  • Advised Atrium European Real Estate Limited on its EUR1,450,000,000 take-private by Gazit Globe Limited implemented by a statutory merger, the first transaction of its kind in Jersey.
  • Advised a global private equity firm on a de-SPAC business combination with American Express Global Business Travel.
  • Acted as lead counsel on PraxisIFM Group Limited’s GBP54,000,000 sale of its funds business to Sanne Group plc

Dispute resolution Tier 2

Appleby utilises its teams across offshore jurisdictions, including the Crown Dependencies team of which the Jersey group is a part of,  as well as Hong Kong and Shanghai, to offer a multi-jurisdictional disputes service spanning international commercial litigation, trust disputes, insolvency and restructuring work. Jared Dann heads the practice group, specialising in trust litigation and matters involving fraud and asset recovery. Fraser Robertson is a commercial litigator, handling contentious trust, contractual disputes and professional negligence claims, while Niall MacDonald, who joined from Walkers in 2021, has a varied practice regarding trusts and high-value employment disputes. Senior associate Amy Benest is also noted for trust litigation.

Practice head(s):

Jared Dann

Other key lawyers:

Fraser Robertson; Niall MacDonald; Amy Benest

Testimonials

‘Jared Dann is excellent-a superb advocate who never overstates matters. he is excellent at handling difficult clients and takes a sensible pragmatic approach to matters.’

‘Appleby Jersey has provided excellent advice to my clients. Their approach is practical and pragmatic. They are aware of cost issues and are able to manage expectations very well. Lawyers are courteous and responsive. Billing is reasonable and what should be expected for a firm of its stature. It is truly a pleasure working with Appleby Jersey.’

‘Jared Dann is a very intelligent, personable and practical litigation lawyer. He has an excellent knowledge of trust law and Jersey court procedures. He is able to set expectations straight from the beginning and guide clients through the litigation process in an easy-to-understand manner. He is also a pleasure to work with.’

‘Appleby Jersey is known as one of the leading disputes practices in Jersey, especially in the field of trusts litigation but also generally.’

‘Jared Dann, who leads the disputes practice at Appleby Jersey, is one of Jersey’s pre-eminent trusts litigators. He has comprehensive expertise and an effective courtroom manner. His clients value his focus and practicality. In my work with Jared over several years he has always impressed with his common sense and clarity of mind.’

‘Appleby are still one of the leading litigation/dispute resolution firms in the island. I am very happy to work with them.’

‘I instruct Fraser Robertson on a regular basis. He has wisdom and judgement which has been accumulated over many years of practice. He is a clear thinker and a good courtroom advocate. He has an ability to think through problems. I am very happy to recommend him. I have also worked with Jared Dann who is a safe pair of hands.’

Key clients

Government of the Federal Republic of Nigeria

Zedra Trust Company (Jersey) Limited

Deloitte LLP

Grant Thornton Limited

Jersey Trust Corporation

VCI Limited

Alix Partners

Advanz Pharma

HWA 555 Owners LLS as a subsidiary of the Vornado Realty Trust

Work highlights

  • Following 3 landmark decisions acting for beneficiaries of Piedmont and Riviera Trusts in relation to Proceedings for blessing of Trustees’ decision to partition trusts.
  • Advising Alix Partner as administrators of the Casual Dining Group and obtaining recognition in Jersey where there are number of sites including well-known brands like Bella Italia.
  • Acting for Advanz Pharma Limited in relation to its acquisition of Nordic Capital by way of a Court-sponsored Scheme of Arrangement.

Jersey > Employment Tier 2

The practice at Appleby is geared towards advising corporates and large financial institutions on cross-border employment issues. In 2021, the group handled a number of Covid-related employment matters, including concerning outsourcing agreements. It is also active in advising on employment law aspects of M&A. Heading the group is Richard Sheldon, who is based across Jersey and Guernsey and often provides pan-island advice. In September 2021, the group was joined by Niall MacDonald from Walkers; a major boost, given his expertise in immigration, business licensing, as well as managing experts and enforcing post-termination obligations. Lara von Wildenrath joined from Werksmans Attorneys in August 2021, and handles employment disputes.

Practice head(s):

Richard Sheldon

Testimonials

‘This practice is always quick to respond to our needs and had great international links that work for our business’

‘I work with Richard Sheldon who is responsive, commercial and practical’

‘In my dealings with Appleby (Jersey) LLP I have always found them to be friendly, well informed and very helpful. They honour their deadlines and are easy to work with. They work is to high standard and they pull together as team to help each other out.’

‘The individuals I have worked with are incredibly helpful and very professional. They have gone out of their way to put us in touch with other external contributors simply to enhance the outcome for us. They are polite, available and very personable. They are also very efficient, and ensure that they take care of their client relationships.’

Key clients

Canaccord Genuity Wealth

CMS Cameron McKenna Nabarro Olswang

Eversheds Sutherland

Grant Thornton

HSBC Group

International Energy Group Limited

PraxisIFM

Sanne Group

Suntera Global

Work highlights

  • Advised Suntera Global on the employment aspects of its acquisition of Nedgroup Trust, a fiduciary services provider in Jersey and Guernsey from Nedbank Private Wealth.
  • Advised PraxisIFM on the employment aspects of its sale of their Fund Administration division to Sanne Group Plc.

Jersey > Investment funds Tier 2

Appleby‘s practice spans asset classes, including real estate, private equity, debt, infrastructure and technology funds, able to draw on a global offshore office network that enables it to service European, US and Middle Eastern clients. The team is known for its innovative work, advising on fully regulated Jersey LLP structures, the conversion of unregulated funds into regulated funds, and hybrid offerings of Jersey PE funds. Andrew Weaver is the practice head, with a strength in financial services regulatory advice. Senior associate Paul Warsnop advises lenders in the fund finance space on financing, structuring and on-going regulatory issues. Counsel Gemma Whale is another recommended lawyer for fund regulatory issues.

Practice head(s):

Andrew Weaver

Other key lawyers:

Paul Worsnop; Gemma Whale; Chris Smedley

Testimonials

‘Having engaged with Appleby for many years we have always found them to be very professional, diligent and they bring a wealth of experience on all matters involving Jersey Company Law and regulations.’

‘Paul Worsnop is our regular contact point at Appleby. Paul has always delivered to a high standard and understands the tight deadlines that often occur on Private Equity transactions. Appleby are our Jersey legal experts and we rely on their advice and guidance on Jersey Company Law in many of out transactions and Jersey Company structures.’

‘We have a long standing relationship with Appleby and as a Fund Administration Firm we appreciate the depth of knowledge they have of our clients, and the way in which we like to work. There is always a sense of a settled team with knowledge being passed on when new team members work on our clients.’

‘We work closely with Andrew Weaver, Paul Worsnop and Chris Smedley. All 3 are extremely professional and easy to talk through, whether it be a technical question or just to run a small query past them. It is almost as if they are cut from the same cloth so is a testament to the team ethic which is promoted within Appleby by Andrew. We see them very much as a partner to our firm, as do the clients who have mentioned this to me on several occasions.’

‘The main individuals that I work with are Andrew Weaver and Chris Smedley. As mentioned above, they, and Andrew in particular, have a very detailed knowledge of the law and the ability to think very flexibly around problems.’

‘Appleby’s strengths are its friendly, easy-to-work-with lawyers and incredible responsiveness, even by already high international law firm standards. They are very quick to acknowledge requests, turn around quotes and deliver work on time. They also work seamlessly across jurisdictions: if a matter requires input from Jersey, Guernsey and the Isle of Man, the Crown Dependencies teams at Appleby pull it all together like clockwork. They also have capacity to provide Cayman Islands and BVI advice in the European timezone and their experts in Bermuda, Seychelles and Mauritius are likewise very responsive when needed.’

‘Gemma Whale is a senior associate with an excellent advisory practice – regulatory guidance, corporate governance, insolvency advice, she is a go-to person for us. She is also an excellent coordinator of workstreams across multiple jurisdictions and we rely on her work a lot.’

Key clients

Altor Funds

Autonomy Capital Management

Elliott Associates, L.P.

HV Capital (formerly HV Holtzbrinck Ventures)

JNA Holdings Limited

LCM Partners

LondonMetric Property PLC

Montana Capital Partners

Paragon Partners

Qannas Investments Limited

Stirling Square Capital Partners

Tritax Group

Work highlights

  • Advised on the formation of the world’s largest ethical, Sharia’ah compliant investment fund focused on fintech private equity investments.
  • Acted as Jersey counsel to LondonMetric Property PLC in connection with the acquisition of Savills IM Income & Growth Fund for GBP 122,000,000.

Jersey > Private client, trusts and tax Tier 2

Appleby has developed a strong Jersey trusts practice, well positioned to advise on multi-jurisdictional issues with input from the firm’s international office network. Taking the lead is David Dorgan, who is noted for private and commercial trusts and foundations, where he focuses on trust establishment and ongoing administration. Dorgan is ably supported by senior associate Paula FryFraser Robertson and Jared Dann are specialists in trust litigation.

Practice head(s):

David Dorgan

Guernsey > Banking and finance Tier 2

Appleby's banking and finance practice is most noted for its fund finance work, for borrowers and lenders. It has expertise in a variety of co-invest facilities, including net-asset-value structures. On the regulatory front, the group has significant experience in LIBOR transition matters. Guernsey managing group partner Jeremy Berchem  is a veteran of the debt finance space, handling bond issuances and their listing on the international stock exchange. Stuart Tyler is instructed on a variety of issues, including fund raisings and financial services regulatory matters.

Practice head(s):

Jeremy Berchem

Other key lawyers:

Testimonials

‘Appleby have a market leading brand and global platform, with deep legal and industry knowledge. They provide local service backed by international quality advice and lawyers.’

‘Led by Jeremy Berchem in Guernsey, Appleby give a uniquely partner led, pragmatic service, where workable practical solutions are key.’

‘My dealings are primarily with Jeremy Berchem in Guernsey but it is worth mentioning that the Appleby team are able to move quickly to find you someone to assist in jurisdictions where they operate.’

‘Jeremy Berchem is incredibly well versed in Guernsey law, able to provide advice on some of the most complex transactions. He is amiable, cost conscious and always a pleasure to deal with, but more importantly his advice and knowledge of Guernsey structures and financing issues are very impressive.’

‘Very experienced in all areas of fund finance in Guernsey’

‘Jeremy Berchem is always available and provides great commercial advice and an efficient service. He is a pleasure to deal with.’

‘Responsiveness, availability at short notice to assist with time critical transactions. Pragmatic approach to issues and resolutions.’

‘Good knowledge of particular client requirements’

Key clients

Bank Julius Baer

Bank of America Merrill Lynch

Barclays Bank Plc

Deutsche Bank

Goldacre Ventures Limited

HSBC Group

Investec Group

JPMorgan Chase Bank

Lineage Logistics Holdings LLC

Lloyds Banking Group

LondonMetric Property Plc

NatWest Markets Plc

Noé Group

Santander UK plc

Silicon Valley Bank

Société Générale

States of Guernsey

The Royal Bank of Scotland Group

Wells Fargo

Work highlights

  • Acting as Guernsey counsel to LondonMetric Property Plc in connection with the strengthening of its debt profile.
  • Acting for a Silicon Valley bank in connection with funds finance transactions.
  • Advising the private bank division of HSBC Bank plc, Guernsey branch on lending to high net worth individuals and their structures.

Guernsey > Corporate and M&A Tier 2

Appleby is most known for its work pertaining to the Guernsey aspects of UK financial institution reorganisations, typically by schemes of arrangement. The team is also able to augment its corporate capabilities with expertise in regulatory issues, such as regional data protection rules. Clients rate practice head Stuart Tyler for 'wearing his incisive approach and intellect very lightly, meaning that very complex instructions are made user-friendly for non-specialists'. Tyler's practice straddles corporate and commercial matters, and he has expertise in shareholder agreements, insurance structures and the commercial aspects of trusts and foundations law. Jeremy Berchem  is the other key figure, who is noted for his debt capital markets work.

Practice head(s):

Stuart Tyler

Other key lawyers:

Jeremy Berchem

Testimonials

‘The breadth of commercial subject matter the Guernsey office covers means that they can service any form of corporate work in any sector.’

‘Stuart Tyler wears his incisive approach and intellect very lightly, meaning that very complex instructions are made user-friendly for non-specialists. He is the go-to corporate brief for several boards I am involved with and what he produces is exceptional.’

‘Appleby have acted for us on several M&A transactions. They have provided a fantastic service to us. Their corporate partner in Guernsey, Stuart Tyler, has bags of experience and a sound commercial head on his shoulders. We consider their work to be first class.’

‘Stuart Tyler is the partner that we have dealt with most often there. He has a good solid all round set of skills with a particular focus in his practice on regulatory matters and M&A work. Stuart is regularly instructed on blue chip transactions in Guernsey due to a combination of his stellar reputation and his excellent commercialism. He takes absolutely no nonsense and is both absolutely dedicated and hugely reliable. A fantastic lawyer.’

Key clients

Aon Group PLC

BOW Trustees

City & Commercial Insurance PCC Limited

Equiom Group

HSBC Group

Imperium Trust Limited

Intact Financial Corporation

Oak Trust Group

Pensioneer Trustee Company (Guernsey) Limited

PTC Holdings Limited

Paratus Maritime Insurance Limited

PraxisIFM Group

Stenham Cannon Group

Suntera Group

Trireme Pension Services (Guernsey) Limited

UAP Holdings Limited

United Group BV

Work highlights

  • Advised Suntera Global on the acquisition of Nedgroup Trust, a fiduciary services provider in Jersey and Guernsey from Nedbank Private Wealth.
  • Advised PraxisIFM on the sale of its Fund Administration division to Sanne Group Plc.
  • Providing Guernsey legal advice on acquisition of the Guernsey entities within RSA Insurance Group, a multinational insurance group on behalf of a Canadian acquirer, Intact Financial Group.

Guernsey > Dispute resolution Tier 2

The dispute resolution team at Appleby attracts plaudits from clients for ‘unparalleled experience in Guernsey financial services law‘. It has a strong track-record across  disputes, particularly pertaining to financial crime cases, contentious insolvencies, trust litigation, data protection cases and high-value commercial disputes. Practice head Anthony Williams  is an experienced commercial litigator, regularly appearing before the Royal Court of Guernsey and the Court of Appeal, including for fraud claims. Richard Field  is a regulatory expert and is often instructed in privacy and data protection cases, an area where he is the firm’s global lead. Senior associate Alex Thornton de Mauroy, who joined from Stephenson Harwood in August 2021, has recent experience in complex litigation involving allegations of fraud.

Practice head(s):

Anthony Williams

Other key lawyers:

Testimonials

‘The team engage well with the subject matter and are open to meaningful and helpful discussion about the best way to progress taking into account all of the angles that need to be considered.’

‘Richard Sheldon provides insightful analysis and adds value through pragmatism and useful debate about the key issues with clear communication and a wealth of experience. Richard Field is a good communicator verbally and in writing with good knowledge of the subject matter and the law.’

‘The team have unparalleled experience of Guernsey financial services law and specifically its application to firms and senior managers. Well resourced and fight tooth and nail to do their absolute best for clients.’

‘Richard Sheldon stands out from peers in the market due to his client care, ability to get under the skin of a firm and its client base and steeliness with the regulator.’

‘Excellent team, ably led by Anthony Williams. Broad skills amongst the team. Very capable. Commercial awareness as well as sound advice.’

‘Anthony Williams – first class Advocate; leading expert in insolvency and restructuring’

Key clients

Aareal Bank AG

Achernar Assets AG

Blenheim Fiduciary Group

CBW

CRGF GP Ltd

Deloitte LLP

Duff & Phelps

EPEA Fund Services

Ernst & Young

FRP Trading Limited

Grant Thornton

HSBC Group

Intertrust Group

Northern Trust

Oak Group

Peters & Peters

PraxisIFM Group

Standard Chartered Trust

Standard Bank Group

Standard Chartered Bank

Work highlights

  • Represented CRGP GP in relation to a dispute between it and the Rusano Group, a Russian State-owned investment company. The dispute concerned the establishment and ultimate ownership of a Limited Partnership in Guernsey, CRGF LP, into which the Rusano Group had made a substantial investment.
  • Advising the liquidators of various Blenheim entities, including the former administrator of Momentum Engineering Limited, an Irish entity, and the former trustee of a family trust that held the shares in Momentum.
  • Appeared before the Royal Court representing a director of a trust company, challenging against the decision of the GFSC to impose a prohibition order in respect of alleged regulatory breaches.

Guernsey > Employment Tier 2

Appleby fields a crown dependencies-wide employment team led from Guernsey by Richard Sheldon, which services clients across jurisdictions providing advice on corporate, regulatory and data protection issues. The team is noted for high-profile executive severance matters, in addition to immigration and business licensing, contract drafting, policies and procedures. Niall MacDonald, who joined from Walkers in September 2021, has experience in unfair dismissal claims, as well as assisting with the spectrum of non-contentious employment mandates.

Practice head(s):

Richard Sheldon

Other key lawyers:

Testimonials

‘For me it is the no-nonsense pragmatism and a very collaborative approach. Working with Appleby means that it feels like an extension of our in-house team.’

‘Will always make themselves available, often at short notice. I have worked with other lawyers who are so risk-averse that they end up being unwilling to advise. I am given the options and advised of the pros and cons which then helps me to form a decision.’

‘Highly responsive, straight talking and well prepared.’

‘Richard Sheldon – dynamic, responsive and highly supportive.’

‘We have worked closely with Richard Sheldon on a variety of issues which required guidance. Richard is down to earth, taking the time to ensure we understand the guidance provides the pros and cons and uses examples to further embed the guidance. His manner and timely attention to a guidance request is exemplary.’

Key clients

Aurigny

Canaccord Genuity Wealth

CMS Cameron McKenna Nabarro Olswang

Eversheds Sutherland

HSBC Group

International Energy Group Limited

PraxisIFM

Sanne Group

Suntera Global

Work highlights

  • Advised Suntera Global on the acquisition of Nedgroup Trust, a fiduciary services provider in Jersey and Guernsey from Nedbank Private Wealth. As part of the wider transaction the employment team advised on the deal, which included undertaking due diligence of the target group across Guernsey and Jersey, as well, negotiation and finalisation of the transaction documentation with the Seller.
  • Advised PraxisIFM on the sale of their Fund Administration division to Sanne Group Plc. As part of the wider transaction the employment team advised on the deal, which included assisting with responses to due diligence enquiries relating to both Guernsey and Jersey, negotiation and finalisation of the transaction documentation with the Buyer as well as the consultation process with staff.  
  • Appointed, following a competitive tender process, to draft the official Statutory Guidance on behalf of the States of Guernsey to accompany new Discrimination Law.

Isle of Man > Banking, finance and capital markets Tier 1

The sizeable corporate team at Appleby routinely advises high-profile, international clients on a multitude of matters, ranging from capital markets transactions to debt financing. The firm is also adept at providing advice to clients requiring aircraft or ship financing. Practice head Faye Moffett is an expert in banking and finance transactions. Kyle Sutherland leads the firm's BVI practice and he and Tom Brook advise a number of large banks and commercial lenders. Eleanor Harding and associate Alexandra Dernie are experts in aviation and real estate financing. The team also includes associates Sophia Howell-Evans, Sophie Corkish and Mary-Louise Buxton.

Practice head(s):

Faye Moffett

Testimonials

‘Incredibly responsible and knowledgeable.’

‘Tom Brook leads a very capable team… able to advise knowledgeably on all aspects of banking and finance and commercial property queries. All members of that team were responsive and helped make the transaction seamless from a client perspective. Outstanding project management from start to finish of the transaction.’

‘Very responsive and a very safe pair of hands.’

‘Sophie Corkish is excellent and we’re always confident of meeting tight timelines when she’s involved.’

Key clients

Barclays

BNP Paribas

Citibank

HSBC

Investec

Lloyds

Santander

The Royal Bank of Scotland

The Standard Bank of South Africa

The Blackstone Group International

NEPI Rockcastle Plc

Work highlights

  • Advised the joint lead managers, including among others, HSBC and Santander on the Isle of Man law aspects of a successful £400 million sustainability bond issue by the Isle of Man Treasury.
  • Acted as BVI and Isle of Man counsel to MAS Real Estate on the issuance of €300,000,000 of green bonds guaranteed by MAS Real Estate Inc.  The matter saw €300,000,000 of green bonds issued by Netherlands incorporated MAS Securities B.V. and guaranteed by BVI incorporated and Isle of Man based MAS Real Estate Inc.
  • Advised The Berkeley Group on the Isle of Man and Jersey aspects of its debut issuance of the £400m 10 year green bond with the funds earmarked to deliver energy efficient homes on brownfield regeneration sites under its Green Bond Framework.

Isle of Man > Commercial property Tier 1

The team at Appleby advises clients on a wide range of matters covering purchases, sales and leasing of commercial properties. Managing partner Faye Moffett heads up the team and assists numerous clients in regards to the leasing of commercial and retail properties. Tom Brook is a real estate financing specialist and has provided advice in this area to a number of major international clients operating on the Isle of Man. Senior associate Alexandra Dernie has a strong understanding of commercial property transactions for major clients. Melissa Wong, also a senior associate, is another key name in the team.

Practice head(s):

Faye Moffett

Testimonials

‘Service has been very satisfactory.’

‘Alexandra Dernie and Melissa Wong are both very attentive.

‘They have the ability to listen and to explore in the early stages so that the advice provided is specific and relevant in all respects.’

‘Fee quotes provided are generally adhered to unless there is good reason to adjust those fee quotes – with any such adjustments required always communicated in advance so there are no misunderstandings later on.’

‘Individuals take their time to ensure the advice provided is fully understood by us clients.’

‘It comes across that there is good technical support within the office as all individuals come across very well and are in full command of all knowledge required to service the needs to the client.’

‘Responsive, helpful team.’

‘Good standard of work, client kept informed of progress.’

Key clients

Halfords Autocentres Limited

City Plumbing Supplies Holdings Limited

Investec Bank (Channel Islands) Limited

Douglas Bay Property Limited

DP Realty Limited

McDonald’s Restaurants Limited

Lloyds Pharmacy Limited

SDI (Isle of Man) Limited

Marks and Spencer PLC

Willis Group Services Limited

Meridian Realisations Limited

Manx Internet Commerce

Lloyds Bank Corporate Markets PLC

Zurich Financial Services (Isle of Man) Group Services Limited

Work highlights

  • Advised and prepared extensive due diligence on the client’s numerous Isle of Man based properties in connection with a new investment deal.
  • Advised the client on a new franchising arrangement for its Isle of Man outlet.
  • Advised the client in connection with new leasing and subleasing arrangements for key retail premises on the Island.

Isle of Man > Corporate and commercial Tier 1

Appleby fields a large team which undertakes multinational corporate transactions in the Isle of Man. Included are specialist lawyers advising on the full range of corporate and commercial work, such as M&A, reorganisations and investment funds. Garry Manley has expertise in both onshore and cross-border M&A. The firm has a team of BVI qualified lawyers, led by Kyle Sutherland, which allows clients to access BVI advice in a GMT time zone. Juan Thornley has expertise in the financial and insurance services sector. Katherine Johnson is a key figure to note, with particular experience in providing services to investment funds and regulatory matters.

Practice head(s):

Kyle Sutherland

Other key lawyers:

Testimonials

‘An experienced and responsive team providing high quality legal work at sensible rates.’

‘Garry Manley is knowledgeable and easy to work with. He brings a measured and pragmatic approach to complex issues.’

‘Overall service provided was excellent. Clear, detailed and timely advice. Helped our reorganisation process to run very smoothly.’

‘Garry Manley’s advice and responsiveness helped the process immensely. Explanations and potential options were always detailed and clearly laid out. We cannot fault the advice Garry provided.’

‘Excellent corporate team that provided practical, sensible advice – often on a very demanding timeline.’

‘Michelle Brook – highly responsive, providing sensible and practical advice.’

Key clients

Starwood Capital Group

Quilter plc

Monument Re Limited

Erso Capital

BGF

Playtech Plc

International Financial Group Limited

KAPE Technologies Plc

Work highlights

  • Advising AIM listed Kape Technologies Plc the digital security and privacy software business on matters of Isle of Man and BVI law in connection with its US$936 million agreement to acquire premium consumer VPN business ExpressVPN and on Kape’s associated US$354 million underwritten equity offering and US$475 million loan facilities.
  • Acting as Isle of Man counsel to Quilter plc on the £483 million sale of its international life insurance business.
  • Advising Starwood Capital Group on its £467.9 million recommended cash offer for London-listed Isle of Man company, RDI REIT P.L.C.

Isle of Man > Dispute resolution Tier 1

Appleby comprises ‘a deep pool of professional capability’ offering ‘outstanding’ advice and ‘highly effective’ advocacy in multi-jurisdictional commercial litigation and trust disputes as well as insolvency and restructuring matters. With offices in all three Crown Dependencies, the firm is able to advise clients - which include corporate service providers, financial institutions, insurers and corporations - seamlessly on matters involving multiple offshore jurisdictions. Practice head Mark Holligon has ‘vast knowledge of offshore dispute resolution’ and ‘effectiveCaren Pegg covers freezing injunctions and regulatory disputes, among others. Christopher Cope specialises in fraud claims, asset-tracing and trust disputes, and Claire Corkish focuses on injunctive relief, search and disclosure orders and cross border mutual legal assistance actions. Erin Trimble-Cregeen is noted for her ‘deep legal analysis of the most complex matters’.

Practice head(s):

Mark Holligon

Other key lawyers:

Caren Pegg; Charles Davies; Christopher Cope; Claire Corkish; Erin Trimble-Cregeen

Testimonials

‘The Appleby dispute resolution team in the Isle of Man comprise a deep pool of professional capability, they have complimentary skills and a collaborative highly effective approach. The quality of advice is outstanding and their advocacy in court highly effective. They are the go-to firm in the Isle of Man for litigation.’

‘Mark Holligon has a vast knowledge of offshore dispute resolution and gives clear, considered advice at all times, before, during and after the court process. Erin Trimble-Cregeen offers deep legal analysis of the most complex matters and works tirelessly on her client’s behalf. Charles Davies is a superb in-court performer, deadly in cross examination with an uncanny ability to home in on the most significant points in a sea of detail whilst also thinking quickly on his feet.’

‘Quietly efficient and effective in a way that produces results.’

‘Caren Pegg – very easy to deal with and sensible in her approach to litigation. Effective oral advocacy before the Isle of Man court, including at appellate level.’

‘The team has demonstrated the ability to quickly grasp complex scenarios and to quickly and effectively identify workable and effective solutions to often unique problems.’

‘Charles Davies stands out as having the ability to marshal and contextualize large and very complex situations and factual matrices in such a way as to be able to both set out appropriate claims and to effectively challenge opposing witnesses when they stray from their anticipated narrative. He has a very effective manner in Court proceedings. Mark Holligon has a very impressive knowledge of statutory provisions and relevant precedent which leads him to quickly identify the most appropriate and effective methods of resolving problems.’

‘Mark Holligon is a very good strategist; he has good judgement and commercial knowledge and delivers for his clients.’

Key clients

Royal Bank of Scotland International

Isle of Man Government (various departments)

Financial Services Authority

Gordon Wilson as Receiver and Manager of Montpelier (Trust & Corporate) Services Limited

Douglas Corporation

HSBC Bank

IFGL No

Swagelok Isle of Man Limited No

Deloittes

Work highlights

  • Acted as lead counsel to the court appointed manager and receiver of a local trust and corporate service provider following litigation brought by the local regulator and advised on a wide range of matters relating to the client’s appointment in circumstances where the directors of the company are taking an aggressive stance amid allegations of substantial wrongdoing.
  • Acted for three beneficiaries of three Manx family trusts. The trusts are the subject of high value litigation in Italy. The initial advice related to a Beddoe application (and subsequent related costs orders) made by the trustee to fund the Italian litigation, and their clients’ opposition to parts of the Beddoe order obtained.
  • Represented the Royal Bank of Scotland International in relation to a very high value claim taken against the bank. The claim was successfully struck out on appeal to the Staff of Government Division.

Isle of Man > Employment Tier 1

Under the leadership of the highly experienced Caren Pegg, Appleby has a strong track record of work on employment and immigration on the Isle of Man. Pegg has a wide array of expertise, ranging from redundancies to unfair dismissals and discrimination. She is supported in this role by senior associate Keira Gore, who specialises in areas such as equality law and issues of equal pay. Associate Emily Ashe focuses on immigration cases (including advising clients on new Migrant Worker Routes and Investor Visas) as well as contentious employment law and tribunal cases.    

Practice head(s):

Caren Pegg

Other key lawyers:

Key clients

RL360/IFGL

Swagelok Ltd

Royal Bank of Scotland International/Natwest

NK Construction Limited

HSBC

Barclays Bank PLC

Adorn Domiciliary Care

Derivco

Quilter

Champion Tech Limited

Work highlights

  • Continues to represent RL360 (now IFGL) in relation to a high profile set of proceedings which involve novel points of law including examining the enforceability of a conciliated settlement agreement with the involvement of the Manx Industrial Relations Service under the Employment Act 2006.
  • Advised a leading insurance provider on a number of ongoing contentious employment tribunal issues.  
  • Acted as Isle of Man counsel for all Isle of Man employment issues (both contentious and non-contentious) for a number of global banks.

Isle of Man > Gambling Tier 1

Appleby offers a range of gambling and gaming expertise, including providing advice on regulatory matters for e-gaming clients. Practice head Claire Milne, formerly the chair of the Isle of Man Gambling Supervision Commission, has extensive expertise in commercial and regulatory work, and also handles data protection and outsourcing issues. Kyle Sutherlandspecialises in corporate and commercial disciplines, ranging from joint venture work, restructurings, mergers and acquisitions, and asset finance transactions. Katherine Garrood acts for a number of funds with investments in gaming and technology sectors, and is actively involved in the blockchain and crypto sector.  

Practice head(s):

Claire Milne

Other key lawyers:

Testimonials

‘Personal and professional responses.’

‘Very personable, knowledgeable, excellent response times.’

‘The practice has considerable experience in IP, technology and the gambling sector and its expert advice reflects their understanding of these.’

‘Claire Milne is a valued advisor to our clients, she is well regarded in our field and is clearly an expert in the sector offering advise in complementary areas including data protection. She uses her decades worth of experience to not only address what is asked of her, but also adds enormous value by raising further areas for consideration based on her understanding of the sector and its current landscape.’

‘The team provides high quality professional advice.’

‘Claire Milne is a leader in the gambling sector, and provides practical, expert support to our clients.’

‘We worked with Appleby on a major international gambling transaction. They have the corporate and gaming specialist knowledge and expertise and worked seamlessly and efficiently delivering first class advice and assistance.’

‘Claire Milne was exceptional on the transaction. Providing all the advice we needed in a succinct and easily understood way, but also immediately grasping the commercial reality at the heart of the transaction and anticipating what we needed to know about the law in her jurisdiction.’

Key clients

Global Switch

Playtech

BGF

Isle of Man > Insurance and pensions Tier 1

Appleby is one of the leading teams covering both insurance and reinsurance on the Isle of Man, especially regarding cross-border work involving jurisdictions such as Bermuda, British Virgin Islands, and Cayman Islands. The team is known for its work in regulatory compliance, establishment, book transfers, restructuring, and insurance disputes. Additionally, the pensions team offers cross-Crown Dependency advice in both Jersey and Guernsey. Practice head Juan Thornley leads on complex transactional work in the financial services sector. Garry Manley specialises in the sale and acquisition of insurance companies, as well as covering insurance regulatory matters, while counsel Michelle Brook deals with high-profile acquisitions.

Practice head(s):

Juan Thornley

Other key lawyers:

Testimonials

‘Appleby are consistent in their ability to support our business. They are committed, prepared and knowledgeable. They have excellent availability and ability to meet our business timelines. Appleby keep their experts appraised of industry changes including attending conferences so we can rely on their guidance. They have a network in other jurisdictions which allows them to respond to more complex cross-border/international queries.’

‘Garry Manley and Michelle Brook both have excellent people skills and their approach is calm and considered. They are experienced and highlight where the other’s experience may be beneficial to a situation under discussion.’

Key clients

Quilter plc

Monument Re

International Financial Group Limited

Work highlights

  • Acted as Isle of Man counsel to Quilter plc on the £483m sale of its international life insurance business.
  • Advised Monument Re Limited on its acquisition of Charles Taylor Group’s Isle of Man operations, including LCL International Life Assurance Company Limited.
  • Advised IFGL, the owner of the RL360, Friends Provident International and Ardan brands, on a deal in which international private equity firm Cinven will become its majority investor.

Isle of Man > Shipping and aviation Tier 1

The transport and logistics department at Appleby is headed by Kyle Sutherland  and Tom Brook with the shipping and aviation practice being headed by senior associate Eleanor Harding. The team specialises in financing transactions and registration of ships and aircraft, offering a comprehensive legal service including advice on any regulatory aspects and issues relating to the registration of ships and aircraft as well as the structuring, drafting and documentation of finance transactions. With further offices in locations including Jersey, Bermuda, The Cayman Islands and Hong Kong, the firm is well-suited to assist with and coordinate complex multi-jurisdictional aviation and shipping matters. Former office managing partner Faye Moffett retired in January 2022.

Practice head(s):

Kyle Sutherland; Tom Brook

Other key lawyers:

Key clients

AIC Title Service, LLC

Isle of Man > Private client, trusts and tax Tier 3

Appleby advises a range of clients on high value contentious and non-contentious trust matters, in addition to pensions and estate issues. Practice head Charles Davies is a litigation specialist and regularly handles complex, cross-border issues. Melissa Wong assists a number of local and international clients on matters ranging from the capacity of trustees to the establishment of charities on the Isle of Man. Associate Erin Trimble-Cregeen focuses on trust and estate disputes.

Practice head(s):

Charles Davies

Testimonials

‘Private client and trust is a bedrock of the Appleby practice and their reputation is second to none in the Isle of Man in this service area. It is well deserved. They have a combined experience which covers every type of structure and scenario and a deep pool of talent within their team. They are great people to work with.’

‘The Appleby team, including Melissa Wong, is responsive, knowledgeable and helpful.’

‘Melissa Wong is extremely helpful and always available to provide assistance and guidance on what are often complex matters.’

‘Extremely robust advice. Well considered.’

‘Appleby’s ability to provide advice in respect of trust structures on complex financing transactions as well as advice on the financing documents themselves enables them to provide a joined up service.’

‘Appleby were responsive and quick and gave complex advice with real clarity.’

Key clients

Ocorian Trust (Isle of Man) Limited

Trident Trust Company (I.O.M.) Ltd

Barclays

HSBC

Gordon Wilson & Co Ltd

An international humanitarian charity

Work highlights

  • Advising the trustee of a structure worth £5 billion with the ongoing administration of the trust and associated sub-trusts.
  • Acting for beneficiaries of a discretionary trust valued €1 billion with an ongoing dispute with the trustee and other beneficiaries including applications to court.
  • Advising an international humanitarian charity with its obligations under Isle of Man charity law.

Guernsey > Investment funds Tier 4

At Appleby, lawyers are most known for their fund finance work, but they also handle fund transactions and regulatory issues such as formation, restructuring and termination. Taking the lead is Stuart Tyler, an experienced transactional lawyer. Guernsey managing partner Jeremy Berchem  is the name to note for fund finance.

Practice head(s):

Stuart Tyler

Other key lawyers:

Jeremy Berchem

Key clients

Apex Fund and Corporate Services (Guernsey) Limited

Augentius

Aviva

Blackstone

BMO Real Estate Partners

Braemar Group PCC

Brooks Macdonald

Butterfield Bank (Guernsey) Limited

Equiom Group

Ground Rents Income Fund plc

HSBC Bank plc

Imperium Fund Services Limited

Investec Bank

JTC Fund Administration (Guernsey) Limited

JTC Fund Managers (Guernsey) Limited

Intertrust Group

Lax Capital Limited

Maitland Administration (Guernsey) Limited

Noe Group

Royal Bank of Scotland

Silicon Valley Bank

Société Générale

Wells Fargo Bank

Vistra Fund Services (Guernsey) Limited

Zedra Fund Managers (Guernsey) Limited

Work highlights

  • Acted as Guernsey counsel to Thornbridge Investment Management LLP acting as investment advisor to the Bearman ICC Limited, an open-ended umbrella fund platform with incorporated cells to be used as vehicles for trading equities, bonds and derivative instruments.
  • Regularly acting for Silicon Valley Bank in connection with funds finance transactions.
  • Appointed fund lawyers/listing sponsor for Brooks Macdonald’s fund Ground Rents Income Fund plc (a UK REIT).

 

The firm

Appleby is a leading offshore law firm. The team of legal specialists advise global public and private companies, financial institutions and private individuals. Appleby is regularly recognised for its integrity and excellent client service, these are the values the firm prides itself on and are at the very core of its business.

Appleby’s global presence allows it to provide timely and comprehensive legal advice at the times that matter most to clients. Appleby is located in the key offshore jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius, and the Seychelles, as well as the international financial centres of Hong Kong and Shanghai. Appleby works with clients to achieve practical solutions whether in a single location or across multiple jurisdictions. Appleby is a full service law firm providing expert advice across corporate, dispute resolution, property, regulatory and private client and trusts practice areas.

Principal areas of work

Mergers & Acquisitions: Appleby’s Merger and Acquisitions team regularly works with FTSE 100 and Fortune 500 companies around the globe to help them deploy strategic growth and restructuring initiatives, whether involving single jurisdictions or complex multi-jurisdictional, multi-disciplinary transactions. They actively monitor M&A trends through their half-yearly Offshore-i report and their unique global presence means that they are able to advise clients on complex, cross-border transactions involving the offshore jurisdictions.

Regulatory: Appleby’s Regulatory and Compliance team is one of the world’s largest offshore, comprised of experts who not only have first-hand knowledge of local regulation, but who have in many cases, helped to shape it. Their team are skilled at putting technical regulatory information and decision-making in a commercial context, and clients know that they can assemble the team to deliver an international service, quickly and seamlessly.

Technology & Innovation: Appleby’s multi-disciplinary Technology and Innovation Group comprises experts from each of their 10 offices to help businesses meet the new challenges and support clients across a broad range of emerging technologies including blockchain, virtual currencies, ICOs, data protection and financial technologies.

Banking & Finance: Appleby’s Banking and Asset Finance team are experienced in all aspects of law relating to banking, ship and aircraft registration and finance, asset backed finance and project and infrastructure finance. They provide advice to major banks and financial institutions, ship and aircraft owners, lessors, and lessees and have deep and trusted relationships with numerous international law firms, shipping groups and financial institutions around the world.

Funds: Appleby’s Fund Finance team are experts in advising banks and finance providers in the development of sophisticated financing solutions. The team are globally recognized as leaders in the fund finance sector and have advised on a variety of different financing structures involving funds that have ranged from a hundred million to billions of dollars in subscribed investor commitments.

Insolvency & Restructuring: Appleby’s Insolvency and Restructuring team advise directors, institutional lenders, creditors (secured or unsecured), borrowers, or insolvency practitioners in large insolvencies that have offshore or cross-border elements. The team has extensive insolvency and restructuring experience across a wide range of industries, including retail, hospitality and leisure, healthcare, financial services, real estate and manufacturing.

Trust Disputes: As family arrangements become more complex, trustees and beneficiaries are frequently being drawn into disputes which lead to court proceedings. Appleby’s talented, experienced and solution driven Trust Disputes team is committed to delivering the highest possible level of client service and regularly work together across their global locations to provide expert multi-jurisdictional advice.

Employment: Appleby’s specialist Employment team provides advice on employment and immigration law to a range of global clients, including banks, financial services businesses, companies and directors, as well as their onshore legal advisers. With close ties to local governments, they are often consulted on, and help to share, new laws brought into force across the jurisdictions in which they operate.

Fraud & Asset Tracing: Appleby’s Fraud and Asset tracing team are experts in helping clients to trace and recover assets across international jurisdictions, regardless of where proceedings originate. Their clients include major financial institutions, multinational corporations, government agencies, state-owned corporations and high net worth individuals, who have been defrauded or have received the proceeds of fraud. They also advise directors and officers, and other service providers caught in the fallout of fraudulent activities.

Property: Appleby are a leading provider of property services in Bermuda, the Cayman Islands, Isle of Man and Jersey. Their Property team provides expert legal advice on all aspects of commercial and residential property, including sales and purchases, leasing, development and property finance transactions. They are frequently recognised for their experience and excellent client service and are consistently ranked in the top tiers for property work. They regularly work directly with developers, investors, business occupiers, banking institutions and private individuals.

PC&T: Appleby’s Private Client and Trust team provide trust and foundation services to private individuals, families, and fiduciary companies. They advise on all aspects of trust law, including the establishment, administration, restructuring and termination of private, charitable, and commercial trusts and foundations. They act in a personal capacity as Protector, Enforcer and Director (of Private Trust Companies) for a number of discretionary trusts and are frequently instructed by blue-chip trust institutions.

DepartmentNameEmailTelephone
Office managing partner; Corporate James Gaudin
Property John Bisson
Dispute Resolution Jared Dann
Corporate Christophe Kalinauckas
Dispute Resolution Niall MacDonald
Corporate Kevin McQuillan
Corporate Iain Miller
Dispute Resolution Fraser Robertson
Corporate Andrew Weaver
Dispute Resolution Olwyn Barry
Corporate Andrew Jowet
Dispute Resolution Richard Sheldon
PhotoNamePositionProfile
Jared Dann photo Jared DannGroup Partner
James Gaudin photo James GaudinJames Gaudin is the Office Managing Partner in Jersey and a partner…
Fraser Robertson photo Fraser RobertsonFraser Robertson is a Group Partner in Dispute Resolution department in Jersey.…
Andrew Weaver photo Andrew WeaverAndrew Weaver is Corporate Local Practice Group Head in Jersey. He specialises…
Number of partners : 11
Number of other fee-earners : 14
English
Spanish
Main Contact : James Gaudin, Office managing partner
Other offices : Bermuda
Other offices : British Virgin Islands
Other offices : Cayman Islands
Other offices : Guernsey
Other offices : Hong Kong
Other offices : Isle of Man
Other offices : Mauritius
Other offices : Seychelles
Other offices : Shanghai

Appleby Advise the SMP Group on its Acquisition of Helm Trust Company Ltd

Appleby acted as legal counsel to the SMP Group of Companies, in relation to the acquisition of Helm Trust Company Limited, a highly regarded trust and corporate services provider based in Jersey.

The SMP Group of Companies, headquartered in the Isle of Man, provides corporate and trust structuring, accounting and tax, gaming and fund services to a global client base of both corporate clients and high net worth individuals.

The acquisition, which is subject to regulatory approval, was undertaken with the support of Palatine Private Equity LLP, the mid-market private equity house that Appleby assisted through its management buyout of SMP earlier this year, with additional debt funding from Apera Asset Management.

The team at Appleby was led by Jersey Corporate Partner Andrew Weaver with support from Senior Associate Chris Smedley and Associate Lebogang Maimane. The Corporate team were further assisted by Group Partner Richard Sheldon and Associate Paul Worsnop in respect of the employment elements of the transaction, Senior Associate Amy Benest for dispute resolution assistance and Counsel Jonathan Anderson in relation to the real estate aspects of the matter

Appleby Advises Petropavlovsk plc on Issue of USD125 Million Bonds

Appleby’s Jersey team led by Partner, Andrew Weaver and assisted by Associate, Zim Ceko advised and acted as Jersey counsel to Petropavlovsk plc and its subsidiary, Petropavlovsk 2010 Limited in respect of the issue of new USD125,000,000 Guaranteed Convertible Bonds, due 2024 by Petropavlovsk 2010 Limited.

The team also advised on consent solicitations required to amend the terms and conditions of existing USD100,000,000 Guaranteed Convertible Bonds due 2020 issued by Petropavlovsk 2010 Limited and the repurchase of such existing convertible bonds concurrently with the issue of the new convertible bonds.

Appleby assisted with the obtaining of regulatory approvals from the Jersey Financial Services Commission relating to amendments to the terms and conditions of the existing convertible bonds and the issue of the new convertible bonds.

Appleby advise Palatine Private Equity on its investment in SMP Partners

Appleby acted as legal counsel to Palatine Private Equity LLP (Palatine) on its recent investment in SMP Partners. The investment was in support of a management buyout as part of a planned leadership succession process. The deal exchanged earlier in the year and completed on 14 June 2019.

Palatine Private Equity are a regional mid-market private equity firm with a very strong and successful track record. SMP Partners is a leading, independent, international corporate services provider with exciting plans for future growth.

Appleby advised on a broad range of Isle of Man, Cayman, Jersey and British Virgin Islands legal matters and demonstrated the advantage of its global footprint in the key offshore finance centres.

The cross-jurisdictional team at Appleby was led by Corporate Partner Tom Brook, providing Isle of Man and BVI advice, with support from Isle of Man Counsel Michelle Brook. Partner Jacob MacAdam and Associate Dean Bennett provided Cayman Islands legal expertise whilst Partner Andrew Weaver and Senior Associate Chris Smedley advised on Jersey aspects of the deal.

The team worked closely with Gateley PLC, who acted as lead counsel to Palatine.

Appleby advises JPMorgan Chase Bank, N.A. on USD1.25 billion credit facility

Leading offshore law firm Appleby advised JPMorgan Chase Bank, N.A. in relation to the Jersey law aspects of a new USD 1.25 billion asset-based revolving credit facility to the Adient Group. The facility was used to prepay in full and terminate commitments under an existing credit agreement.

The Adient Group is a global leader in automotive seating with 84,000 employees operating in 214 manufacturing and assembly plants in 32 countries worldwide.

The Jersey team at Appleby consisted of Corporate Partner Wendy Benjamin and Senior Associate, Kevin McQuillan.

Appleby Advises on Manx Telecom Takeover

Appleby acted as Isle of Man counsel to (1) Basalt Infrastructure Partners II A L.P., (2) Basalt Infrastructure Partners II B L.P., (3) Basalt Infrastructure Partners II C L.P. and (4) Basalt Infrastructure Partners II D L.P., each acting through its general partner Basalt Infrastructure Partners II GP Limited (Basalt), on its acquisition of the entire issued share capital of Manx Telecom plc (MT). The recommended cash acquisition, through a scheme of arrangement that became effective on 9 May 2019, valued MT at approximately GBP 255.9 million.

MT is the Isle of Man’s leading communication solutions provider. It owns and operates the vast majority of fixed and mobile telecommunications infrastructure on the island and offers a wide range of fixed-line, broadband, mobile and data centre services to businesses, consumers and the public sector.

Basalt is an infrastructure equity investment fund focusing on investments in the key sectors of energy, transportation, telecommunication and utility assets across Europe and North America.

The Appleby team was led by corporate partner Garry Manley and also included Tom Brook (finance), Mark Holligon and Claire Corkish (litigation), Juan Thornley (pensions), Caren Pegg (employment) and Alexandra Dernie (real estate). The team worked closely with Travers Smith, who acted as lead counsel to Basalt.

Appleby advises Thomas Miller Investment on the sale of its offshore private client investment management business to Canaccord Genuity Wealth Management

Appleby has advised Thomas Miller Investment on the sale of its offshore private client investment management business to Canaccord Genuity Wealth Management.

On 21 March 2019 it was announced that Canaccord Genuity Group Inc., through its UK & Europe based wealth management business, Canaccord Genuity Wealth Management, has entered into a share purchase agreement to acquire Thomas Miller Wealth Management Limited and an asset purchase agreement to acquire the private client investment management business of Thomas Miller Investment (Isle of Man) Limited.

Thomas Miller Wealth Management Limited is an integrated wealth manager headquartered in London and provides financial planning and investment management services to private clients, trusts, charities and corporates in the UK. Client assets of Thomas Miller Wealth Management Limited and the private client investment management business in the Isle of Man total approximately GBP 1.0 billion and together generated revenue of approximately GBP 8.4 million for the year ended 31 December 2018.

The sale, which is subject to customary closing conditions, will allow Thomas Miller Investment to focus on its core institutional investment management activities.

An Appleby team, led by Isle of Man-based corporate partner Garry Manley, acted as lead counsel to Thomas Miller Investment on the sale of the Isle of Man private client investment management business.

Appleby Advises Aquatic Foods Group Plc on AIM Listing

Appleby acted as Jersey counsel for Aquatic Foods Group Plc, a marine foods and seafood processor and supplier based in the People’s Republic of China, supplying to export and local markets, in relation to its flotation on the London Stock Exchange’s AIM market on 3 February 2015.

The Company, successfully raised £9.3 million through the issue of 13,226,081 new ordinary shares at a price of 70 pence per ordinary share, the net proceeds of the Fundraising will be used in part to expand the Group’s processing capabilities. Aquatic Foods’ market capitalisation on admission, based on the placing price, was approximately £79.3 million.

The Appleby team was led by James Gaudin, partner and Jersey Head for Structured Finance, who was assisted by Senior Associate Simon Tait. Appleby acted alongside Aquatic Foods UK lawyers Olswang LLP, China lawyers Trend Associates and nominated advisor and broker SP Angel Corporate Finance LLP.

Appleby advises Tritax Big Box REIT plc on the acquisition of DB Symmetry and a GBP 400m US private placement

Appleby has assisted long standing client Tritax Big Box REIT plc (TBBR), a main market listed investment fund focussed on acquiring and managing logistics assets, on its big start to 2019. By the end of February, TBBR had closed the GBP 370M acquisition of an 87% stake in db Symmetry, one of the largest privately owned warehouse developers in the UK, and raised GBP 400m via a US Private Placement.

db Symmetry has a land portfolio comprising 2,500 acres, and as a result of the scarcity of land at major logistics locations in the UK, the portfolio of new assets will provide a significant commercial and competitive advantage for TBBR in the future. TBBR part funded the purchase price of GBP 370 million by raising GBP 250 million through a placing and open offer of 192.3 million new shares. The Appleby team in Jersey, led by corporate partner Andrew Weaver and assisted by associate Paul Worsnop, advised on the acquisition documents and helped TBBR structure the acquisition vehicle through which the db Symmetry senior management team retain their 13% interest in the group. The transaction involved the acquisition of a number of BVI companies with due diligence and BVI acquisition mechanics being led by Isle of Man based corporate partner and head of Appleby’s BVI (GMT) team Kyle Sutherland and assisted by associate Sophie Corkish.

Later in February 2019, TBBR successfully drew on the GBP 400 million US private placement that was priced in November 2018. Much like the existing Euro medium term note programme, the unsecured notes were guaranteed by over 50 of TBBR’s subsidiaries in Jersey, Guernsey, Isle of Man and the BVI. The Appleby team, led by corporate partners Andrew Weaver, Kyle Sutherland and Jeremy Berchem, advised on the listing and offer documents and off-shore regulatory matters arising in connection with the placement as well as general transactional advice across all jurisdictions. With the Jersey office acting as the primary contact point, Appleby provided TBBR and their advisors with a single point of contact across all jurisdictions and consolidated advice, saving time, cost and duplicated effort.

These two transactions are the latest in a string of similar transactions Appleby has assisted TBBR with over the last few years including their GBP 1.5 billion Euro medium term note programme, current GBP 350 million revolving credit facility alongside other transactions for funds advised by the Tritax Group such as the EUR 118 million acquisition of a regional distribution centre in Italy for Tritax Eurobox plc in 2018.

Appleby advises GBGI Limited on its acquisition by Guernsey scheme of arrangement

Appleby’s Guernsey office has advised GBGI Limited on its acquisition by Elm Bidco, L.P., a limited partnership controlled by affiliates of Further Global Capital Management, L.P.

Global Benefits Group is the world’s largest independent, fully integrated provider of international benefits.

The takeover was implemented by means of a scheme of arrangement approved by the Royal Court in Guernsey. The Appleby team advised Guernsey incorporated GBGI Limited (which was formerly listed on AIM) with all Guernsey law aspects of the scheme, which came into effect on 20 February 2019.

Appleby’s team in Guernsey consisted of Corporate Group Partner Andrew Harding and Dispute Resolution Partner Anthony Williams, supported by Counsel Chet Pohl and Associate Gary Orritt. Appleby worked alongside Allen & Overy LLP who acted as lead counsel to the target company.

Appleby advise on Santander banking transfer in Jersey and Isle of Man

Appleby has advised Santander on the transfer of their banking businesses in both Jersey and Isle of Man. The businesses of Santander UK plc, Jersey branch and Santander UK plc, Isle of Man branch, were transferred on 17 December 2018 into the respective Jersey and Isle of Man branches of Abbey National Treasury Services plc, pursuant to a transfer scheme in each jurisdiction, which have both received court-sanction. Appleby has previously advised on all recent similar court-sanctioned schemes in respect of deposit-taking business in both Jersey and the Isle of Man.

The Jersey team consisted of Partners Wendy Benjamin, Michael Cushing, David Dorgan, Tim Hart, and Richard Sheldon, supported by Senior Associate Gemma Whale, Associate Dilly Wright and Paralegal Angharad Prescott.

The Isle of Man team was led by Corporate Partner Juan Thornley, assisted by Senior Associate Eleanor Harding and Associate Camilla Griffiths-Rand, alongside Dispute Resolution Partner Mark Holligon, assisted by Counsel, Claire Corkish.

Appleby Jersey acts in ground-breaking trust litigation decision

In a landmark decision, the Royal Court of Jersey has held that a settlors’ exercise of personal powers of revocation of a trust should be declared invalid.

In the Representation of Jasmine Trustees Limited and another [2018] JRC 210, the Court held that the settlors of two Jersey law trusts, who each held a power of revocation, had not executed the powers of their own free will. Rather, the Court held that the settlors had been unduly influenced by a third party (the father and a beneficiary of the trusts) to exercise the power of revocation as part of his attempts to assert control over the trusts’ assets.

This appears to be the first occasion in which a court has declared a revocation notice given by the relevant power holder to be invalid and of no effect, and it will be interesting to see the wider impact this decision may have.

Appleby Dispute Resolution Jersey Partner Fraser Robertson and Senior Associate Amy Benest, acted for the successful Applicant in this matter.

Appleby Jersey acts in First Winding up of a Limited Partnership

Appleby acts in first winding up of a limited partnership by the Royal Court of Jersey under the Limited Partnerships (Jersey) Law 1994.

In Representation of Private Equity Fund Finance Limited [2018] JRC 194, the Royal Court of Jersey has for the first time made orders to bring about the orderly winding up of a Jersey limited partnership under Article 23 of the Limited Partnerships (Jersey) Law 1994 (the Law).

The limited partnership involved had been established in 1997 to invest in early stage European medical ventures. A Jersey incorporated company named Renaissance Partners Limited was the General Partner. By the time the matter came before the Court, there were four limited partners remaining, including the Applicant (which had been the largest capital contributor to the limited partnership).

The General Partner was struck off the register of companies on 1 October 2016 for failure to file its annual return. As the Court observed, the directors of the General Partner had apparently been assured that non-payment of the annual return fee ‘would result in the company going into a state of suspension, from which it could be revived at a later date on payment of a modest fine’. In fact, pursuant to Article 24 of the Law, the effect of the General Partner being struck off was the dissolution of the limited partnership. Upon dissolution, the assets were arguably bona vacantia and therefore escheated to the Crown.

The Applicant had reached an agreement with HM Receiver General for the assets to be returned to the custody of the Applicant, subject to payment of a fee on a time-costed basis (and to a cap of 5% of aggregate value). This enabled the assets of the dissolved limited partnership to be collected in and dealt with, without the expense of seeking to restore the General Partner to the register. In a decision which demonstrates a typically practical and commercially-minded approach, the Court blessed this agreement and made orders authorising the Applicant to collect in, realise and distribute the assets of the partnership. In the event that the assets proved insufficient to pay all creditor claims in full, the Applicant was ordered to return to Court for further directions prior to making any distributions.

Appleby Jersey Partner Michael Cushing and Associate Craig Campbell acted for the Applicant in this matter.

Appleby advises PraxisIFM Group on its acquisition of Nerine International Holdings Limited

Appleby Guernsey acted for long-term client PraxisIFM Group, in its acquisition of 100% of the issued share capital of Nerine International Holdings Limited, a Bahamian registered company, and its various overseas subsidiaries.

This is the fourth acquisition in two years in which Jersey and Guernsey Appleby teams have acted for the Channel Islands-based group and also follows the 2015 merger between Praxis and IFM Group and the 2017 investment and TISE listing.

Nerine is an independent group providing fiduciary servicing to alternative investment funds and international business clients with management, domiciliation, administrative, corporate and fund service solutions. With this key strategic acquisition, Nerine will help PraxisIFM Group to add significantly to the Group’s capabilities in private client and corporate services upon completion. It will also add two additional jurisdictions to the group’s service offering, and take its total number of offices to 15 with more than 520 employees.

The total consideration, payable in cash and equity, comprises the initial consideration of £16,534,383 and deferred payments payable on the first and second anniversaries with a maximum value of £23,620,547.

The deal is subject to various regulatory approvals.

The Appleby team was led by Group Partner Andrew Harding and Wendy Benjamin with assistance from Senior Associate James Walsh and Paralegal James Dickinson. The team acted as lead-counsel to PraxisIFM Group, and advised on all aspects of the transaction, including due diligence, negotiation of all transaction documents, regulatory change of control approval and employee retention matters.

Appleby advise on offshore aspects of £150m sale of Lombard division

Appleby provided Jersey, Guernsey, Isle of Man and Cayman legal advice in connection with the disposal by Lombard, the asset finance division of RBS, on the £150m sale of its offshore Channel Islands division by way of portfolio sale to specialist lenders Investec and Shawbrook Bank.

Working alongside lead counsel Addleshaw Goddard, Appleby provided multi-jurisdictional advice on the transaction, evidencing the collective strength of the team across the jurisdictions.

James Gaudin, Corporate Partner, supported by Gemma Whale, Associate with assistance from Kyle Sutherland, Corporate Partner (Isle of Man), Jeremy Berchem, Group Partner (Guernsey), and Caroline Barton, Corporate Partner (Cayman), led the team at Appleby from the Jersey office.

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