Practice Expertise
- Banking and Finance
- Corporate
- Banking Regulation
- Corporate Structuring
Areas of Practice
- Banking and Finance
- Banking Regulation
- Corporate
- Corporate Structuring
- Real Estate Finance
- Regulatory
- Restructuring and Insolvency
- Structured Finance and Securitisation
- Taxation and Economic Substance Requirements View More
Profile
David is a member of the corporate team in Jersey, specialising in corporate structuring and finance. During his time with the firm he has developed considerable expertise in advising parties to large scale cross-border investments including funds through the use of special purpose corporate vehicles, partnerships and trusts, as well as becoming a leading figure in the development of Jersey corporate and regulatory legislation.
David's recent transactions include:
- lender-side on the provision of cGBP500m and EUR225m syndicated facilities to a corporate group structure across four jurisdictions involving 20+ Jersey corporate entities and unit trusts, with the taking of supporting Jersey account, receivables and share security, intra-group subordination and guarantees;
- lender-side on the provision (and subsequent refinance of) GBP227m (senior) and GBP53m (mezzanine) US-led syndicated facilities to a predominantly Jersey-based group of corporates and unit trusts, with the taking of English (all-asset), Jersey ("all-asset"), Luxembourg (account) and Isle of Man (share) security and associated intercreditor (and group) subordination;
- lender-side on the provision of a EUR250m facility to a c£1.8bn Jersey limited partnership real estate fund and the taking of supporting Jersey account and receivables security;
- borrower-side on the provision of a GBP30m bi-lateral facility to a US-owned Cayman Islands SPV borrower and subsequent £90m purchase of units in a Jersey unit trust property investment fund with the taking of supporting unit security; and
- borrower-side on the provision of a GBP25m bi-lateral facility to a litigation funding business using a Jersey protected cell company structure and the taking of supporting Jersey share and debt receivables security, other non-Jersey security across three jurisdictions and intra-group debt subordination.
Areas of Practice
- Banking and Finance
- Banking Regulation
- Corporate
- Corporate Structuring
- Real Estate Finance
- Regulatory
- Restructuring and Insolvency
- Structured Finance and Securitisation
- Taxation and Economic Substance Requirements
Professional Career
David was admitted as a solicitor in England and Wales in 2012 and achieved his bachelor of law degree at the University of Sheffield.
English-law qualified with experience in the United Kingdom (Squire Patton Boggs), Moscow (Allen & Overy) and offshore (Carey Olsen), previous roles also include in-house secondments to The Royal Bank of Scotland, following which he became the most junior lawyer to be shortlisted for a regional rising star award in corporate turnaround, and as a legal adviser to a FTSE-listed group including Europe’s largest online sports retailer.
Recent Experience- Coming to America: Jersey introduces US-style LLCs
- Jersey Economic Substance Guide 2023 (Lexology Getting the Deal Through)
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