Ogier gives advice on recommended sale of Renewable Energy Generation

Two Ogier teams provided Jersey law advice on the recommended sale by formerly AIM listed company Renewable Energy Generation Ltd (‘the Company’) of the majority of its business to a fund managed by BlackRock and a related party transaction comprising the sale of the remainder of its business to a new company established for the benefit of the Company’s executive directors and members of senior management.

The transaction was approved by the Company’s shareholders at the general meeting held on 18 December 2015. In connection with the transaction, the Company delisted from AIM, commenced a solvent winding up and appointed Matthew Corbin and Philip Braun of BDO Limited as liquidators on 5 January 2016.

Partner Matt Shaxson, senior associate Dilmun Leach and trainee Ben Vickers provided Jersey advice to the Company. Partner Raulin Amy and senior associate Saraid Taylor provided Jersey advice to the liquidators. The lead lawyers for the Company were Bond Dickinson.