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Sandpiper calls off Guernsey Pub Company acquisition
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SandpiperCI has announced that, as a result of uncertainties surrounding Covid-19, it has been unable to complete its acquisition of the Guernsey Pub Company. The acquisition, announced in January, would have seen Sandpiper taking the entire share capital of The Guernsey Pub Company, the holding company of Guernsey brewery Randalls. However, the sale and purchase agreement will now be terminated on 1 April. Sandpiper said it had been unable to fulfil the conditions of the placing agreement ...
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Jersey amends substance rules to support businesses hit by Covid-19
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The authorities in Jersey have reaffirmed the island’s commitment to the business community in light of the Covid-19 pandemic by amending the rules around economic substance. The jurisdiction has confirmed the circumstances under which it will not determine – under Article 6, Taxation Law 2019 – that a company has failed the economic substance test. This treatment will only apply to adjustments to the normal operating practices, and to the extent required to mitigate...
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Collas Crill advises on Bath Street project
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Collas Crill has advised Le Masurier on its £70m Bath Street redevelopment project in St Helier, which will accommodate Jersey's second Premier Inn. Partner Pamela Doherty led the team acting for the developer, Le Masurier, advising on all aspects of the project, including development structure, lease agreement, funding, planning and construction. As well as the Premier Inn, 144 residential apartments, commercial units and car parking will be built on the site. Additiona...
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