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Appleby

PO BOX 56, REGENCY COURT, GLATEGNY ESPLANADE, ST PETER PORT, GY1 1WW, GUERNSEY
Tel:
Work 01481 755600
Fax:
Fax 01481 728992
Email:
Web:
www.applebyglobal.com

Guernsey

Banking and finance
Banking and finance - ranked: tier 2

Appleby

Appleby is ‘outstanding – the team has great technical knowledge and recognises the commercial reality of the deals it is working on, getting the job done with a complete absence of drama’. Jeremy Berchemleads from the front and provides clients with very commercial and practical advice – he is not afraid of getting his hands dirty’; he advised Deutsche Bank on a €858m refinancing of its existing facility to Intertrust, which was increased to enable Intertrust to purchase Elian Group. Also involved in this mandate was counsel Camilla Hobbs, who is ‘very client friendly and calmly meets all deadlines imposed on her’. Berchem and counsel Chet Pohl also handle high-yield issuances. Kate Storey, who has been elected to the partnership from counsel, is ‘very responsive and knowledgeable’ – she advised BMO Real Estate Partners on the financing of a £191m acquisition of retail properties including Manchester’s flagship Debenhams store, which necessitated a Eurobond listing on The International Stock Exchange (TISE). Other clients include Bank Julius Baer and the Royal Bank of Scotland.

Next generation lawyers

Camilla Hobbs - Appleby

Kate Storey - Appleby

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Corporate and M&A
Corporate and M&A - ranked: tier 3

Appleby

Appleby’s Kate Storey is ‘clear and responsive in her advice, and very commercial and pragmatic while staying on top of the detail’; she advised Perella Weinberg Partners on the Guernsey aspects of its purchase of Tudor Pickering Holt. She also advised Boralex Europe on its acquisition of 100MW of wind farms in France and Scotland. In the real estate space, Storey also advised BMO Real Estate Partners on the Guernsey aspects of the purchase of a £191m portfolio of properties including the Clifton Moor Shopping Centre in York. Jeremy Berchem, who heads the broader commercial practice, also handles financial services-sector deals and equity capital markets transactions. Other clients include Estera and PraxisIFM.

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Dispute resolution
Dispute resolution - ranked: tier 3

Appleby

Appleby’s ‘strong team’ handles work involving directors’ duties, professional regulation and alleged breach of trust. Anthony Williams (who is ‘very commercial, with good technical understanding’) is representing a former partner of Arch Financial Products in directors’ duties litigation concerning the demise of the Arch Cru funds. In addition, he represented Perpetual Media Capital in a directors’ duties case concerning film finance schemes.

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Employment
Employment - ranked: tier 3

Appleby

Applebyresponds extremely quickly to queries, with excellent knowledge of employment law’. Counsel Richard Sheldon is the key employment law contact in the practice and ‘explains complex issues in a way that makes them easy to understand’. He often works with Anthony Williams from the firm’s contentious team. Clients include Barclays Bank, HSBC and leading trust companies.

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Insurance
Insurance - ranked: tier 2

Appleby

Appleby is ‘highly responsive, with a clear depth of knowledge and experience in the market relevant to the client’s needs’. In addition to having particular strength in corporate insurance work, the firm handles matters concerning insurance-linked securities, joint ventures and claims assignment. Kate Storey is ‘top-notch in all ways; she is highly attentive and has great knowledge of the issues’. She advised 80 Sarl on creating a reinsurer, and Scottish Widows and RL360 on the court-approved scheme of arrangement required for transfer of business from the former to the latter.

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Investment funds
Investment funds - ranked: tier 3

Appleby

Appleby is ‘strong and flexible, with a team that knows how to get the most out of the jurisdiction’. Kate Storey is ‘responsive, knowledgeable and capable of crafting solutions – she is particularly impressive on the use of cell companies in commercial structures’. Her work includes manager M&A, regulation and fund launches; recent highlights include advising Perella Weinberg Partners on the Guernsey aspects, including a change in control application, of its merger with Tudor Pickering Holt, and advising Cubera Private Equity on the launch of its eighth buyout fund. Other clients include Longship, a Norwegian manager, which Storey advised on the first and second closings of its debut fund. Jeremy Berchem’s expertise includes fund finance.

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Legal Developments in Guernsey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • In re B; B v T (Court of Appeal, 11 July 2012)

    A trustee's duty of confidentiality has recently been discussed and to some extent clarified in the recent Guernsey Court of Appeal decision of In re B; B v T (Court of Appeal, 11 July 2012). This summary has been prepared to provide you with a summary of the case as well as the general issues raised, but is not intended to cover all matters or to provide commentary.   This summary does not constitute legal advice.
  • The Company Administration Regime in Guernsey

    Introduction 
  • Guernsey Image Rights Legislation

    The Image Rights (Bailiwick of Guernsey) Ordinance 2012 (the Ordinance) and The Image Rights (Bailiwick of Guernsey) Regulations, 2012
  • Guernsey Foundations

    The Foundations (Guernsey) Law, 2012 (Law) is awaiting Royal assent, expected to be given by the end of the year or early next year. Whilst Guernsey is not the first jurisdiction to provide for foundations, the Law does provide a number of unique options for individuals wishing to take advantage of the benefits provided by foundations. The purpose of this note is to provide both a general summary of the features of a Guernsey foundation, as well as a summary of these unique options that will be available under the Law.
  • Competitive Guernsey

    Guernsey has been considering the introduction of local competition law since at least 2005 and by bringing into effect The Competition (Guernsey) Ordinance, 2012 on 1 August 2012, has introduced an effective Competition Law regime, to regulate the same 3 core areas recognized in most competition regimes, namely the abuse of a dominant position, anti-competitive arrangements, and mergers and acquisitions.
  • Foundations in Guernsey

    On 25 July 2012 the States of Deliberation, Guernsey’s parliament, approved the project de loi The Foundations (Guernsey) Law, 2012 (the “Law”). Subject to Privy Council approval, the Law is expected to come into force in late 2012 or early 2013. This note is a brief summary of certain features of the new Law.
  • Friendly Rivalry? The Competition Laws of the Channel Islands

    • New Competition Law for Guernsey in force on 1 August 2012 • Jersey and Guernsey now both regulate the abuse of a dominant position, anti-competitive arrangements, and mergers and acquisitions • Key differences between the islands' competition laws • Overall, a pan-Channel Island approach to regulation
  • Making a will in Guernsey May 2012

    On 2 April 2012 The Inheritance (Guernsey) law 2011 came into force which has replaced Guernsey’s forced heirship regime with a system of full testamentary freedom (accompanied by family and dependent provisions).
  • Listing Specialist Securities on the Channel Islands Stock Exchange

    The Channel Islands Stock Exchange LBG ("CISX") began its operations in October 1998. It is based in St Peter Port, Guernsey and provides a listing facility and bespoke trading platform.
  • Image rights laws to be introduced in Guernsey

    “Image is everything” - Andre Agassi once famously declared in an advert for camera brand, Canon.