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16-Sep-2019
Walkers’ Jersey Team Advises on Record-Breaking £1.6 Billion Battersea Redevelopment

Walkers continues to advise on the landmark redevelopment of Battersea Power Station following on from the record-setting £1.6 billion forward sale of the Power Station building (Phase 2) to PNB and EPF in March.

 

Walkers team in Jersey assists the lenders behind the project, most recently on the £600 million debt refinancing in respect of the third phase of the development, known as “Phase 3a” which completed in September.  The facility will be utilised to fund the continued development of Phase 3a of the 42 acre regeneration site which comprises what will be London’s newest high street, Electric Boulevard and mixed use buildings designed by Gehry Partners and Foster + Partners.

In March, the firm advised the lenders on the acquisition of the second phase commercial assets amounting to £1.6 billion property – the highest-value UK real estate transaction on record and involving commercial and residential refinancing work-streams.

 

The Walkers team was led by partner Jonathan Heaney with assistance from senior counsel Jon Le Rossignol and Guy Morris, senior associates Bella Ward and Dan Perkins and associate Meg McAuley.

 

Baker & McKenzie Wong & Leow acted as onshore counsel to the lenders, and Linklaters and Norton Rose Fulbright LLP acted as onshore counsel to the Battersea entities.

 

Walkers partner Jonathan Heaney said: "We are very pleased to have been involved since inception in the Jersey aspects for the lenders of the Battersea Power Station project.

 

"Our teams have significant experience in respect of holding structures and financing agreements in respect of high value London real estate assets.

 

"It is notable that Jersey continues to be a popular choice for holding assets of this type, and that, despite the uncertainty created by Brexit, we continue to see significant foreign investment into high end commercial and residential real estate, particularly in London, but also in the regions."



13-Sep-2019
Walkers' Private Capital & Trusts Group Shortlisted for Offshore Firm of the Year

Walkers is pleased to announce that its Private Capital & Trusts Group has been shortlisted by Chambers and Partners for the "Offshore Law Firm of the Year" award at the upcoming High Net Worth Awards 2019.

The Chambers High Net Worth Awards, now in their second year, celebrate legal excellence in the world of private wealth. The shortlists are drawn up by the specialist High Net Worth research team, drawing on the guide’s market-leading, in-depth research, and cover categories from traditional private client and Chancery work to family law, residential real estate and luxury assets.

Walkers' Global Managing Partner Ingrid Pierce commented: "We are delighted to be recognised as one of the leading Private Capital & Trusts practices in the offshore market. It is a testament to the quality of our service, and unrivalled global offering for private clients, that we are shortlisted for this prestigious award."

The awards will take place on Thursday, 3 October 2019 at the Underglobe in London.



11-Sep-2019
Leanne Wallser Joins Walkers Jersey Funds Team as a Group Partner

Leanne Wallser has joined Walkers' Jersey office as a Group Partner as part of the firm's strategic growth in the Island. Leanne joins Walkers' global Investment Funds Group.

Leanne is the fourth new partner in the Jersey team in the last 18 months, following the relocation of Fraser Hern from the firm's Singapore office, the lateral hire of Nigel Sanders from another leading offshore firm, and Christopher Reed's promotion to the partnership.

Overall, headcount across the Jersey office has increased by more than a third in the last year.

Leanne has worked offshore since 2003 with previous experience in Hong Kong and London as well as in Jersey – she is a specialist in Jersey fund structures, and in particular, in ESG and impact investing.

Jonathan Heaney, the managing partner of Walkers' Jersey office, said: "We are delighted that Leanne has joined us, her arrival means that we now have three specialist investment funds partners in the team, supported by an excellent bench of associates and senior counsel.

"The growth we have seen in the last 18 months shows our confidence in the jurisdiction – we're investing in our growth here and in Guernsey because we see enormous potential in the Islands, and consistent client demand."

Leanne said: "I am delighted to be joining Walkers' Jersey team at what is clearly an exciting time, and to playing a part in developing the investment funds practice.

"Walkers has a renowned global investment funds team with an enviable client base and I look forward to building on this further."


11-Sep-2019
Bermudian Associates Boost Walkers Asia Finance & IDR Offering

Walkers is pleased to announce that two of its Bermuda associates, Shannon Dyer and Ben Green, will be seconded to the firm's Hong Kong office in October.

These moves are being made in response to the continued growth in demand for Bermuda legal services in the firm's Asia offices and to provide Walkers' Bermuda lawyers with opportunities to continue their professional development in one of the world's foremost financial centres.

Walkers is one of the largest offshore firms in Asia. With offices in the region since 2003, Shannon and Ben will join a team of over 175 staff based in Asia.

Shannon is a senior associate in the Bermuda Insolvency & Dispute Resolution practice where he specialises in insurance and reinsurance disputes, regulatory disputes and investigations, and general commercial litigation and arbitration. Prior to joining Walkers, he was legal counsel at Bermuda's financial regulator, the Bermuda Monetary Authority, within the policy, legal, and enforcement departments.

Shannon comments, "I am excited to be seconded to Walkers' Hong Kong office. Walkers has one of the largest offshore Insolvency and Dispute Resolution teams globally and I look forward to providing Bermuda law advice in real time to the benefit of our Asian clients."

Ben is an associate in the Bermuda Finance and Corporate team. He has experience advising lenders in relation to financing transactions, including in the shipping and aircraft space, and has been very actively involved in advising Asian banks and other financial institutions since Walkers' Bermuda office opened in January 2016. Ben also advises on a broad range of corporate matters, including mergers, amalgamations, continuations and discontinuations. He was recently recognised in the 2019 IFLR 1000 as a rising star in the field.

Ben states, "I am grateful to Walkers for affording me this opportunity and look forward to working with the team in Hong Kong. Being based in the same time-zone as our Asian clients is a real advantage and a great opportunity to promote Bermuda legal services in the region generally."

Kevin Taylor, Managing Partner of Walkers Bermuda, remarks, "We are delighted to be able to offer Shannon and Ben the opportunity to live and work in a city like Hong Kong. There is no better way to gain experience than to immerse yourself in a new culture and interact with clients from the region on a daily basis. We have no doubt that Shannon and Ben will demonstrate the depth of legal talent in Bermuda and enhance our service offering in Asia."

Andy Randall, Managing Partner of Walkers Hong Kong states, "Walkers' firm culture revolves around high achievement through training, support and development. We regularly second associates to our offices around the globe. Our strategy has always been to listen to our clients and their needs, then exceed them. We continue to see an increase in demand for Bermuda legal services in Asia and Walkers is very pleased to welcome Shannon and Ben to the Hong Kong team."


11-Sep-2019
Walkers Partner Kate Storey a Finalist for Another Insurance Award

Walkers partner Kate Storey is a finalist for Captive Service Professional of the Year at The European & UK Captive Review Awards in London next month.

Kate, a partner in Walkers' fast growing Guernsey team, is a past Chair of the Guernsey Commercial Bar Association, and has previously been recognised as Global Law Experts Annual Awards Insurance & Reinsurance Lawyer of the Year in Guernsey, and as Corporate Intl Magazine Global Award Insurance & Reinsurance Lawyer of the Year in Guernsey.

Earlier this year she was also ranked in Intelligent Insurer's Influential Women in Re/Insurance for the second year running.

The European & UK Captive Review Awards 2019 will take place on Wednesday 23rd October at the Banking Hall in London. The Captive Review awards are the only awards dedicated to captive insurance expertise in Europe.

Kate, chair of the Guernsey Pensions De-risking Steering Group, specialises in insurance and investment fund matters in Walkers' Guernsey team.

Kate, the only lawyer nominated in her category, said: "I am very pleased to have been included in the final shortlist for this prestigious award.

"Our insurance practice in Guernsey is going from strength to strength and is complemented by Walkers' global reach as the only law firm that can offer a combined Guernsey, Jersey, Bermuda and Dublin insurance team."


09-Sep-2019
Walkers Announces Record Promotion Round for 2019

Walkers is pleased to announce that 18 attorneys across its global offices have been invited to join the partnership. In addition, 13 associates have been promoted to senior counsel, or local equivalent, highlighting the continued growth of the firm over the past year.

In total, there were 31 promotions globally, which represents Walker's largest round of promotions to date. In effect from July 1 2019, there are nine promotions in the Cayman Islands, six in Ireland, five in Hong Kong, four in London, three in Singapore, two in Jersey and one the British Virgin Islands and Guernsey offices respectively.

Walkers' Global Managing Partner, Ingrid Pierce, states, "We are delighted to announce this year's partner and counsel promotions. The number of promotions we have made this year is indicative of the depth of skill across the firm and the commitment to our clients. I am proud to work with such talented colleagues who bring a wealth of expertise to our core legal services."

18 New Partners Announced

In the Cayman Islands office, Bicrom Das (Investment Funds), Clive Thomas (Private Capital & Trusts), Ed Pearson (Investment Funds), Monique Bhullar (Private Capital & Trusts) and Tamsin West (Investment Funds) have all joined the partnership.

In Ireland, Eimear Keane (Investment Funds), Ian McNamee (Finance), Niall Esler (Regulatory & Risk Advisory) and Paddy Rath (Finance) are made partners.

In Hong Kong, Alice Molan (Regulatory & Risk Advisory), Jo Lit (Investment Funds & Corporate) and Rupen Shah (Finance) have joined the partnership.

In London, Mark Galazzi (Finance) and Sara Hall (Regulatory & Risk Advisory) are made partners.

In Singapore, Tim Stevens (Investment Funds & Corporate) and Shirleen Tan (Finance) take up partner roles.

In the British Virgin Islands, Murray Laing (Insolvency & Dispute Resolution) is made a partner.

In Jersey, Christopher Reed (Investment Funds) joins the partnership.

We also recognise the following 13 new appointments:

  • Victoria Pratt (Guernsey) is now Senior Counsel in the Employment Group
  • John Cartwright (Hong Kong) is now Counsel in the Investment Funds Group
  • Stuart D'Adonna (Hong Kong) is now Counsel in the Insolvency & Dispute Resolution Group
  • Caitlin Friel (Ireland) is now Of Counsel in the Finance & Corporate Group
  • Shane Martin (Ireland) is now Of Counsel in the Regulatory Group
  • Louise Hamilton (Jersey) is now Senior Counsel in the Finance & Corporate Group
  • Christine Ballantyne-Drew (Cayman Islands) is now Senior Counsel in the Investment Funds Group
  • Jo-Anne Stephens (Cayman Islands) is now Senior Counsel in the Private Capital & Trusts Group
  • Matt Bernardo (Cayman Islands) is now Senior Counsel in the Investment Funds Group
  • Shamar Ennis (Cayman Islands) is now Senior Counsel in the Finance Group
  • Catherine Overton (London) is now Senior Counsel in the Finance & Corporate Group
  • Ian Williams (London) is now Senior Counsel in the Investment Funds Group
  • Adam Hinks (Singapore) is now Counsel in the Insolvency & Dispute Resolution Group