Gowling WLG’s Investment Funds team, led by partners Nick Heather and John Reed and including tax partner Michael Murphy and corporate associate Laura Le Marechal, has advised longstanding client London & St Lawrence Investment Company plc, on the proposals recommended for a scheme of reconstruction and voluntary winding-up.

The shareholders of London & St Lawrence were offered either a ‘roll over’ into unity in the Practical Investment Fun or a cash exit and net asset value under the proposals, which were issued in conjunction with the voluntary winding-up of the company under Section110 of the Insolvency Act 1986.