Collas Crill acted for the JTC Group in its acquisition of the entire issued share capital of Ardel Fund Services Limited, a fund administration provider based in Guernsey. JTC Group is a leading independent provider of private wealth, corporate, employee benefit and fund administration services, with established businesses in Jersey and Luxembourg. This acquisition significantly boosts JTC's numbers in Guernsey and forms part of JTC's broader international expansion plans. 

Collas Crill also advised IPES Guernsey (Holdings) Limited and its shareholders (of which RJD Partners Limited represented the largest proportion) in the sale of IPES for £50 million. IPES is one of Europe's leading providers of fund administration services; it employs 130 members of staff and administers in excess of $50 billion of assets from four European offices (Guernsey, Jersey, London and Luxembourg).

Acted as Jersey counsel for a Fund in relation to the fusion of investment fund portfolios.  Outstanding Participating Shares of the Fund are currently issued in six share classes, each class representing a separate sub‑fund of the Fund, subject to its own terms, including investment strategy, and carries the right to participate in a defined portfolio of assets and liabilities held by the Fund.  We acted for the Fund in the fusion of the sub-funds with effect on the effective date, following which a single class of Participating Shares will represent one portfolio of assets and liabilities held by the Fund.  The implementation permits the Fund to issue multiple classes again in the future if required.  Transactional documents prepared by Collas Crill with leading London law firm acting as UK counsel.  Multi-jurisdictional transaction involving Jersey, Switzerland, Bahamas and Brazil.  Leading Jersey-based global Administrator.

Collas Crill acted as lead counsel throughout the formation of a new art fund, which was authorised as an Expert Fund by the Jersey Financial Services Commission on 1 October 2012.

The fund will acquire art from auction houses, individual art collectors, galleries, museums and other sources. During the term of the fund, it is expected that the fund will invest in approximately 200 works of art. The fund will invest in five different categories of art work: Old Masters, Impressionist, Modern Art, Contemporary Art 1960-1985 and Contemporary Art after 1985.

The fund will invest in a portfolio of art with an aim of capital appreciation. The fund will be closed-ended, and have a life of seven years, subject to three times one year extensions.

Further to Collas Crill's involvement in last year's Project Isobel, Paul Wilkes and Kit Hobbs acted again for The Royal Bank of Scotland Plc on the securitisation of the loan agreement under Project Isobel in reviewing the prospectus together with the underlying loans and the security package. The value of this loan agreement was approximately £550 million.

Collas Crill advised in a private equity deal for Asclepios Bioresearch and in particular assisted with the funding and security structure of the deal.

Asclepios Bioresearch (UK) Limited provided £20,000,000 of funding to develop B-hydroxybutyrate on behalf of Iceland Foods Limited.

The deal is considered an important milestone in the fight against Alzheimer's Disease. Asclepios Bioresearch's scientific committee is particularly excited about the patent's potential against such a debilitating ailment. The testing process is now proceeding and Asclepios Bioresearch's contract research organisation is in active discussions with a pharmaceutical company, who are formulating B-hydroxybutyrate for patient administration.

Also involved in the transaction were Hoiberg A/S (Copenhagen), Jeffery Green Russell (London), Crestgrove Limited, Grant Thornton UK LLP and SWG Services Limited.

Acted for Optimus Capital LLP to establish the Optimus PCC Limited and launch the first cell thereof, the Optimus Opportunities Fund, as an Authorised Closed Ended Fund. The transaction also involved the establishment and structuring of a Guernsey licensed investment manager.  The strategy involved adapting a corporate PCC structure to provide investors with the ability to make private equity style commitments more commonly seen using limited partnerships.

Acted with Louvre Fund Management on the establishment of GoldenPeaks Active Global Fund Limited, a Shariah compliant open-ended Class B collective investment scheme. The fund will invest principally by way of large holdings in Shariah compliant public companies listed in Asia, Western Europe and the United Kingdom. It  is similar in many respects to a previous GoldenPeaks fund on which Collas Crill advised, but is structured to allow participation by those seeking to invest in accordance with Shariah principles. The fund was advised by Amanie Islamic Finance Consultancy and Education LLC of Dubai on issues relating to Shariah principles. This is the third GoldenPeaks fund the firm has worked on.

Instructed by the above to advise in respect of establishing a private equity structure to be managed by the client.  Advised that a conversion of an existing Guernsey non-cellular company to an incorporated cell company would establish the best structure to handle client needs and attended to the conversion process, providing bespoke private equity incorporated cell constitutional documents.

Advised in relation to the establishment of a US$5million+ closed ended public limited liability company regulated as an Expert Fund for investing in the film industry. Our team was led by Adrian Odell, whose specific expertise was gained working in the media team, specialising in the television and film production industry, at leading South African law firm Webber Wentzel.

We are advising a significant shareholder of a Jersey Collective Investment Fund in relation to possible claims that might exist against the Manager and/or former directors of the Fund arising from the Fund's poor performance. Any claim would be significant; this is potentially high value and complex litigation. Pursuant to a Chinese Wall arrangement we have also recently been instructed by the Fund itself to provide corporate and other advice.

A groundbreaking platform fund structure developed by Collas Crill and one of Jersey's leading fund administrators.  The platform provides for the cost effective formation (approximately 70% cost saving) of independent funds with different investment managers, each of which is advised as to Jersey legal matters by Collas Crill and regulated as an expert fund by the Jersey Financial Services Commission.

Acted with Simmons & Simmons on the migration of a Cayman master/feeder structure to Guernsey as a class B collective investment scheme.  The structure was migrated to Guernsey to meet the requirements of key existing and potential investors and to align the fund with the domicile of the manager. This is the second GoldenPeaks fund the firm worked on.  Also acted in 2007/8 to migrate the manager from the Caymans to Guernsey.

Acted for the Gateway Fund (which migrated to Guernsey in 2009/10) in relation to the proposed registration of the fund with the Swiss Regulator (FINMA) to permit retail sales in Switzerland.

Acted for Northern Trust (Guernsey) Limited in respect of a US$250,000,000 facility being made available to a suite of funds domiciled in Guernsey and the British Virgin Islands.  Due to the custody structure used, this involved complex Guernsey Law security arrangements for all funds and liaison with English, Irish and BVI Counsel.