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Briefing Notes

Druces advises SigmaRoc plc on the acquisition of leading quarrying group GDH (Holdings) Limited

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 […]

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Druces advises BLME on £6m Sharia’a compliant property refinancing

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 […]

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Druces advises Savannah Resources PLC on its £2.34 million placing

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 […]

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Druces advise Savannah Resources Plc in entering agreement with EIT InnoEnergy

Druces’ Capital Markets team and Commercial team have advised long standing client Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) (“Savannah”), in entering into an ‘Added Value Services Agreement’ with EIT InnoEnergy. This agreement forms part of the Business Investment Platform (‘BIP’) launched by EIT InnoEnergy last September to accelerate the development of […]

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Supermarket not liable for deliberate data breach by employee

In a landmark judgement dated 1 April 2020, the Supreme Court ruled in the case of WM Morrison Supermarkets plc v Various Claimants that Morrisons was not liable for a data breach by one of its employees. The case was primarily concerned with whether the supermarket was responsible, and therefore liable to pay compensation for […]

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On your marks, get set…bake.

Is it discriminatory for a Christian baker to refuse to bake a cake containing a message in support of gay marriage? According to the Supreme Court in Lee v Ashers Baking Company Ltd and Others [2018] UKSC 49, no. The Appellants, Mr and Mrs McArthur, run Ashers Baking Company Ltd, a family owned business. The […]

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Stretching TUPE to the limit: Colino Sigüenza v Ayuntamiento de Valladolid

The Court of Justice of the European Union (CJEU) has held that, contrary to the opinion of Advocate General Tanchev in December 2017, a gap of five months in an undertaking’s activities does not necessarily preclude a transfer for the purposes of the Acquired Rights Directive (2001/23/EC) (ARD). The Claimant, Mr. Sigüenza, worked as a […]

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