27 Jan 2021

Hatstone’s BVI team advises the Bank of London and The Middle East plc

Hatstone’s BVI team has advised the Bank of London and The Middle East plc (BLME), led by Paul DeCroos, Head of Real Estate Finance, on the BVI law aspects of its successful Sharia’a compliant financing of a valuable commercial property in Swindon.

The team, led by Group Partner Philipp Neumann alongside Group Partner, Bella Ward, focused on the financing and corporate aspects of the transaction, working closely with the Islamic Finance team at Druces LLP, comprising Claire Rigby, Suzanne Middleton Lindsley and Rebecca Pinder, throughout.

Philipp Neumann said:

“We are delighted to have advised BLME in relation to this transaction, which provided a great platform on which to showcase the advantages of using BVI property holding structures in these types of financing arrangements. As always, it was a pleasure to work with and assist Druces.”

Druces LLP’ Partner and Head of Islamic Finance, Christopher Axford, said:

“Working with BLME and Hatstone on this transaction has been a pleasure. Appetite for Sharia’a compliant financing continues to grow and transactions such as this highlight the confidence in this area. Our team is ideally suited to assist clients, such as BLME, providing bespoke Islamic finance advice for investments and funding.”