Ogier provides Jersey law advice to Intu regarding shopping centre acquisitions
Ogier has assisted Intu Properties as to matters of Jersey law relating to the structuring of its acquisition of a 50 per cent interest in Merry Hill shopping centre and 100 per cent interests in Derby shopping centre and Sprucefield retail park in the UK from Westfield for a total purchase price of £867.8m.
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On 24 November 2014 Guernsey’s Legislation Select Committee passed the Companies (Guernsey) Law, 2008 (Amendment) Ordinance, 2014 with immediateeffect.
This article summarises the main changes under the new law (particularly advantages for lenders) and the transitional provisions which apply to old law security.