ERSM Limited (now Ravelston Limited) was a Guernsey company involved in the security industry in Iraq. There were various shareholders, the most significant of which was Simon Crane who held his shares through a trust and company structure administered by Claridges Trustees (Peter Dawson Ball).
Damian Woodward was recruited as FD and given an 18% share in ERSM through his own trust and company structure - Wilton Park. When fired from his job, the majority shareholders sought to argue that his shares should be acquired at a nominal value. We sought to argue that they should be acquired at their true market value.
After nearly two years of negotiations and haggling, complaints to the GFSC and legal proceedings, the matter was settled on confidential terms.
Deal Partners: Robert Shepherd and Barney Lee
Minority Shareholder Dispute
Deal Partner: Robert Shepherd and Barney Lee
Acting in a potential negligence dispute concerning investments and allegations of mismanagement.
Partner: Robert Shepherd, Partner, Solicitor and Advocate
Acting for Ansbacher /Sarnia Yachts in connection with the worldwide actions taken by Motorola to pursue assets of Cem Uzan. This has involved particularly innovative applications to the Guernsey Court in order to enforce a judgement against a yacht owned by a Guernsey Company but based outside of Guernsey.
Partner: Robert Shepherd, Partner, Solicitor and Advocate, Jeremy Le Tissier, Barrister and Advocate
Acting for private individual before the Tax Tribunal.
Partner: Robert Shepherd, Partner, Solicitor and Advocate
Acting for Drifield seeking rectification of the Alderney Land Register.
Partner: Robert Shepherd, Partner, Solicitor and Advocate Julie Perfitt (Assistant)
Advising local Trust Company on security and lending arrangements in relation to properties in France and UK.
Partner: Robert Shepherd, Partner, Solicitor and Advocate
Acting for Garnet Limited, a company whose assets worth in excess of €30 million have been frozen by BNP Paribas as a result of suspicions concerning the beneficial owner. Bringing applications before the Guernsey Court in order to persuade the potential victim of the alleged fraud to come to Guernsey to participate in the litigation.
Partner: Robert Shepherd, Partner, Solicitor and Advocate
Bank Julius Baer was served with a Restraint Order on assets which it held as security for lending it had provided to its client who was the subject of international criminal investigations. This was a ground breaking application in that we managed to persuade the prosecuting authorities that a Restraint Order could only seize upon the value of the assets after taking account of the Bank’s right of set off, thereby ensuring that the Bank’s security for the underlying arrangements remained intact.
Partner: Robert Shepherd, Partner, Solicitor and Advocate Jeremy Le Tissier, Barrister and Advocate
Acting for a minority shareholder in a security Company. Defending claim under a purported shareholder agreement and bringing claims for unfair prejudice. Particular difficulties concerning the exploitation of conflicts of interest between the directors and majority shareholders as well as the valuation of the underlying business.
Partner: Robert Shepherd, Partner, Solicitor and Advocate Barney Lee, Solicitor
Acting for Drifield seeking rectification of the Alderney Land Register.
Partner: Robert Shepherd, Partner, Solicitor and Advocate Julie Perfitt (Assistant)