The Jersey Scheme was conducted alongside a Part VII Transfer in England and Wales as part of a wider internal restructuring of operations of the North Group.  The Royal Court of Jersey sanctioned the Jersey Scheme on 22 June 2020 with the Jersey Scheme becoming effective on 30 June 2020.

Appleby also subsequently advised SMI on its cessation of business in Jersey.

The Appleby team was led by partner Andrew Weaver and associate Daniel Healy assisted by paralegal Angharad Prescott.  The Appleby litigation team provided further support.

Speaking on the transaction, Andrew Weaver commented: “We were very pleased to have acted on this transaction, which was conducted through a COVID-19 lockdown.  It demonstrates the strength and breadth of skills and experience in our multi-faceted team and the flexibility of the Jersey courts to conclude such transactions during lockdown.”

Ged McTernan, corporate counsel at NOE said “It was fantastic to work with Dan, Andrew and the rest of the Appleby team.  Despite the challenges of lockdown they were able to give fast, practical advice which helped us deliver this transaction on time.”

Appleby’s Corporate team is well-positioned to advise clients on a wide range of insurance activities.  Its unique jurisdictional reach means that Appleby is able to advise clients on complex, cross-border transactions involving the offshore jurisdictions that are most often encountered.  The team regularly work with FTSE 100 and Fortune 500 companies around the globe and those with financial interests in them, to help them deploy strategic growth and restructuring initiatives, whether involving single jurisdictions or complex multi-jurisdictional, multi-disciplinary transactions.

Appleby’s specialist Insurance & Reinsurance team provides advice on the establishment, regulatory compliance and business operations of (re)insurance companies, as well as advising (re)insurance managers and brokers based in international jurisdictions.

Share
Twitter LinkedIn Email Save as PDF
More Deals
20 Sep 2022 | Deals

Appleby’s Jersey & Guernsey Office Support Kelsian Group and Tower Transit on Purchase of Channel Islands’ Bus Companies

Appleby acted as Jersey and Guernsey counsel, alongside Eversheds Sutherland, to Tower Transit which...

22 Feb 2022 | Deals

Appleby Advises AXIAN Telecom on debut USD420 Million Notes Listing

Appleby has advised AXIAN Telecom in relation to the debut offering of USD420,000,000 7.375% Senior ...

18 Feb 2022 | Deals

Appleby advise Atrium European Real Estate Limited on its groundbreaking €1.45 billion merger with Gazit Globe Limited

Leading offshore law firm Appleby acted as Jersey counsel to Euronext Amsterdam and Vienna Stock Exc...

Contributors: Kevin McQuillan
25 Jan 2022 | Deals

Appleby acts as Counsel to LondonMetric on acquisition of Savills IM Income & Growth Fund for GBP122 million

Appleby acted as Jersey counsel to LondonMetric Property PLC (“LondonMetric”) in connection with...

Contributors: James Gaudin, Paul Worsnop
19 Jan 2022 | Deals

Appleby advises Suntera Global on acquisition of Nedgroup Trust

Leading Law Firm Appleby have advised Suntera Global on the acquisition of Nedgroup Trust.

9 Dec 2021 | Deals

Appleby advise TISE listed Atlantic Leaf Properties Limited on sale of its UK logistics portfolio

Leading offshore law firm Appleby acted as Jersey, Guernsey and Isle of Man counsel to TISE listed A...

5 Nov 2021 | Deals

Appleby act as Jersey counsel for climate tech firm "SparkChange" on first-to-market carbon investment product

Appleby has acted as Jersey counsel to SparkChange on the launch of an Exchange Traded Commodity (ET...

29 Oct 2021 | Deals

Appleby Advises on LumiraDx NASDAQ Listing

Appleby has acted as Cayman counsel to LumiraDX Limited (LumiraDx) in connection with its listing on...

29 Jul 2021 | Deals

Appleby advises PraxisIFM on sale of fund administration division to Sanne Group PLC

Leading Law Firm Appleby have advised PraxisIFM on the sale of their Fund Administration division to...

28 Jun 2021 | Deals

Appleby advises Perwyn on 'Internet of Things' acquisition from JT

The Appleby Jersey team acted for family-backed private equity firm Perwyn in relation to the purcha...