Pinel Advocates advised a Jersey Plc on the implementation of a £50,000,000 facility with the Royal Bank of Scotland. David Yetman said, “I am delighted to be able to help our client to expand its UK property portfolio. So far the majority of our clients appear to remain confident in the UK following the EU Referendum and our client’s willingness to commit to an increased level of investment offers a good example that.”
Pinel Advocates provided Jersey legal advice to its borrower client on the finance and security documents needed to implement the new facility. We also provided legal opinions on a number of the Jersey based vehicles within the structure to the bank.