Druces, one of Europe’s industry leaders has been crowned ‘International Legal & Fiduciary Team’ at the 8th Annual WealthBriefing European Awards. Showcasing ‘best of breed’ providers in the global private banking, wealth management and trusted adviser communities, the awards were designed to recognise companies, teams and individuals which the prestigious panel of judges deemed to […]
Read more >Druces today marks an important changing-of-the-guard in its highly-regarded Private Client team. After 15 years at the helm, Richard Monkcom steps down from leadership of the department. He is replaced by Robert Macro who becomes Druces’ new Head of Private Client. Robert commented: “Under Richard’s leadership the department has grown in size and stature and […]
Read more >Druces’ Capital Markets team has advised Nostra Terra Oil and Gas Company plc, on the completion of an oversubscribed fundraise of £500,000 with institutional and professional investors. The net proceeds of the fundraise will be used on a new farm-in oil producing asset in the Permian Basin in West Texas, the upcoming well in East […]
Read more >Druces’ Corporate and Real Estate teams have advised long standing client SigmaRoc plc (“SigmaRoc”), in connection with the completion of the acquisition of the remaining 60 per cent. equity interest in GDH (Holdings) Limited (“GDH”), a significant quarrying group located in South Wales. The consideration was funded through internal resources following strong cash generation during […]
Read more >Druces has advised the Bank of London and The Middle East plc (BLME) on its successful Sharia’a compliant refinance of a £6 million London property for a high-net-worth private client. This was led by Real Estate Partner, Gemma Wright, and Corporate Senior Associate, Claire Rigby alongside Hatstone Lawyers in Jersey. Gemma Wright, Partner, said: “We […]
Read more >Druces’ Capital Markets team has advised Savannah Resources PLC, in connection with an accelerated bookbuild placing to complete a raise of gross placing proceeds of £2.34 million. finnCap and W H Ireland acted as joint brokers in respect of the placing, with SP Angel acting as Nomad. The net proceeds of the placing will be […]
Read more >About SI Capital and Castillo Copper Limited Druces’ Capital Markets team has advised SI Capital Limited (“SI”), in connection with Castillo Copper Limited’s (“Castillo”) admission to the standard segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc under […]
Read more >There has been a lot of discussion recently about tenants – in the uniquely difficult circumstances of 2020 – who are trying to escape their lease. But what about those who are looking to enter into a new lease in this market? The first step, as always, is to settle the key points of the […]
Read more >Requirements to qualify for 5% VAT rate on labour and materials The costs associated with bringing empty properties back into habitability can be astronomical. Domestic building work is normally charged at the standard rate of 20%. However, if the property has been unoccupied for a period of two or more years it is possible to […]
Read more >Welcome to the summer edition of our Real Estate newsletter. The case reports contained in this edition show that, despite the ups and downs occasioned by responses to the pandemic, the day to day system rolls on… As ever we are here to try to help you navigate your way through these tricky waters. We […]
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