Ian Kirk, Kit Hobbs and Mark Priaulx acted for Norman, Piette Limited in its recent acquisition of Capital PVC Building Supplies Limited from its previous family ownership for an undisclosed amount.  This consolidates the Norman Piette Group's position as Guernsey's leading wholesaler of building materials.  This transaction featured a post-completion valuation mechanism requiring expert determination of the net asset value of the target company.

Review of articles relating to authorised share capital.

Acted for the Guernsey subsidiary of a FTSE Small Cap client in relation to advising on lifting its restrictions on issuing new shares in line with the latest provisions of the 2008 company law.

In conjunction with Collas Crill's corporate and commercial and insolvency teams, acting for the company, which conducted investment management and fund services in Jersey. Successfully applied for an order from the court winding the company up on a just and equitable basis.

Collas Crill advised on Jersey's first ever cross-border merger. Jersey's statutory company merger regime was updated in February 2011, introducing provisions to allow a Jersey company to merge with an overseas body. This significantly simplified what was previously a two-step procedure, involving the initial continuance of the overseas body into Jersey and subsequent merger. The merger was carried out between a Jersey company and a BVI company, which combined to form and continue as a Jersey company. Collas Crill were instructed on this matter by a major trust company.

Paul Wilkes and Kit Hobbs acted for the Royal Bank of Scotland plc in its capacity as agent under both a senior and a junior loan agreement, totalling over GBP927 million, in funding an innovative debt transfer scheme, known as Project Isobel, by reviewing provisions for the transfer of security and advising on the necessary requirements for registering and perfecting Guernsey security (as required).  The total value of assets under consideration in this transaction was approximately GBP1.36 billion.

Acted for Butterfield Bank (Guernsey) Limited to prepare amendments and insertions to scheme particulars and custodian agreements for funds they custodise.  In particular, clarifying their role in relation to SPV's and margin and trading accounts.

Ian Kirk, Wayne Atkinson and Kit Hobbs acted for the Guernsey branch of a major international bank in documenting and putting in place security for a loan of GBP 15 million to an international group of companies relating to the development of property in London. This required, among other things, instructing and supervising Panamanian counsel in granting opinions on the Panamanian companies in the group and creating intangible security inGuernsey.

Ian Kirk and Kit Hobbs acted alongside Clifford Chance in London for an international oil and gas services company and various of its group companies relating to the Guernsey elements of an expansion of security under senior and mezzanine facilities totalling over GBP 1 billion. This required, among other things, assessing the ability of a Guernsey company to grant a share pledge over a Panamanian subsidiary's shares and creating revised articles of incorporation and other shareholder resolutions on short notice in order to ensure a timely completion together with all other international counterparties.

Paul Wilkes and Kit Hobbs acted for John Bowring in the amicable negotiation with Fuel Supplies (C.I.) Limited for the sale of certain of his business assets on John's retirement.

Paul Wilkes and Kit Hobbs acted for the Guernsey office of an international insurance manager in setting up and documenting a series of revolving intra-group loans under a master facility agreement.

Collas Crill have advised Syncro Health Limited, an online health supplements retailer, on all aspects of its launch. The firm's involvement ranged from providing initial guidance on the decision to locate the business in Guernsey, to advising on commercial contracts, employment matters, intellectual property issues and website content. Collas Crill IP registered various trademarks for Syncro Health in both Guernsey and the EU, while GTC incorporated the company and will provide ongoing administration and other services.

Collas Crill acted for Garenne Group in the simultaneous acquisition of the entire issued share capital of Sterling Services Limited (an English company specialising in the production of architectural pre-cast concrete cladding) and the property that it occupies. The corporate aspects were dealt with by Ian Kirk, Wayne Atkinson and Nin Ritchie and the property aspects were dealt with by Mike Morris.

Advised the Jersey-based purchaser in its acquisition of the entire Channel Islands book debt of Citifinancial of £1+ million.

Assisted a Jersey SPV in respect of its dealings with and the establishment of a new Waitrose supermarket in the UK.