Tag: Cross border international transactions

General

Parslows International lawyers

Overview

Parslows International lawyers | 020 3793 0345

Parslows International lawyers provide boutique internationally focused Trust, Corporate and Commercial law offering.  Our clients benefit from expertise and practical experience across the three jurisdictions of England, Ireland and Jersey, and our ethos is to ensure that the lead lawyer remains the principal client contact in all transactions, maintaining a hands-on role from commencement to completion.

Parslows market profile has grown impressively over the last six years, with the number of fee earners increasing fivefold over that period.  It now boasts a truly full service offering, having established client relationships which confirm it “punches above its weight” among its Jersey competitors.

The team

Parslows International lawyers are all lawyers with at least 15+ PQE with partner / senior level experience, qualified in English, Irish and/or Jersey law.

David Hill heads up Parslows International in London.

David, formerly a corporate & commercial partner at Howard Kennedy, and then Managing Partner and Head of Corporate at Burlingtons Legal, has a strong background in corporate and M&A work and has enabled the firm to strengthen and extend its relationships with clients and intermediaries, both in the UK and internationally, and to offer English law and cross-border transaction services.

Mason Birbeck heads up Parslows International in Jersey.

Mason, a Jersey Advocate, formerly a partner and head of fiduciary at Collas Crill, and before that at Bedell Cristin, brings considerable expertise to Trust, Foundation and Private client work together with corporate and commercial law, finance, pensions and employee incentive plans.

Alexis Colfer and Jennie Harrison have recently joined the Parslows International team in London.

Alexis practices both Irish law and English law, and, having worked in-house for multinationals and with over 20 years’ experience, has a strong commercial and business law practice.

Jennie is English law qualified and has over 15 years’ experience.  She was lead lawyer to Tesco’s Commercial Grocery Business and before that she headed the Company Commercial department at Debenhams Ottoway.

Notable transactions

Parslows International lawyers have been working closely with the Jersey Post group on the development of their international business. As well as advising on their investment into Parcel Monkey, a UK based parcel delivery service enabler and on two other UK acquisitions, Parslows International have also assisted in various other jurisdictions, with advice on acquisitions and investments in Miami, Estonia and Hong Kong.

The private client team have also had a busy year so far, ranging from establishment of a dynastic trust for an African based family, to the restructuring of a multi-jurisdictional trust and corporate structure. Moreover, the team was recently engaged by one of Jersey’s biggest retail businesses to advise on its transition of employees’ benefits from a defined benefit to a retirement annuity trust based scheme

Going forward

With the recent recruitment of new English and Irish lawyers and further growth plans, Parslows International looks forward to continuing to provide clients with quality, experienced and commercial legal advice, particularly in the English, Irish and Jersey jurisdictions, together with seamless cross-border services.

Contact us

Cross Border & International Transactions, News and Deals

Parslows International advises the Jersey Post Group on its investment in Parcel Monkey

Parcel monkey - Jersey Post

Parslows International is pleased to announce that it has acted for the Jersey Post Group (Jersey Post) on another cross border transaction, with the recent completion by Jersey Post of its investment in Parcel Monkey, a parcel delivery service enabler and provider

DLA Piper acted for Parcel Monkey on the transaction.

Parcel Monkey specialises in four diverse, yet complementary, parcel service elements:

  • A parcel delivery comparison service website whereby Parcel Monkey provides parcel services at competitive pricing for consumers based on pre-approved carriers;
  • A global trading platform that provides a marketplace interface through which parcel carriers can sell their services;
  • Outsourced warehousing, fulfilment and distribution services for online retailers; and
  • An online service for retailers to create an ecommerce storefront including website builder, domain name and hosting.

This is the latest in Jersey Post’s international acquisition and investment strategy to exploit opportunities outside the Jersey market and provides the final piece of a parcel solution portfolio – an enabling ecommerce platform that can bring together the global network and service providers into one, easy-to-access location.

In 2016, Parslows acted for Jersey Post on its acquisitions of Fraser Freight, a UK based European logistics provider and HICS, a customs clearance agent located at Heathrow.

In 2017, Parslows assisted Jersey Post with its investments in Miami based GePS, Estonian based GTS Post and Hong Kong based A2B.  Parslows also acted, in 2017, for Jersey Post on its investment in HomeCall Limited – a joint venture to further develop, implement and deliver the award winning Call & Check service both in Jersey and further afield.

David Hill, Head of Corporate at Parslows International, stated: “Having advised Jersey Post on its other recent investments we are delighted to have represented Jersey Post on its successful investment in Parcel Monkey and the continued implementation of Jersey Post’s international strategy.

The legal elements to this deal demanded expertise over a range of areas and it further reinforces and demonstrates what we, as a firm, can bring to transactions. It is an excellent example of Parslows International’s depth of legal expertise both inside and outside of Jersey.

With the recent appointment of Alexis Colfer as corporate/commercial consultant in English and Irish law and further growth plans, we look forward to continuing to provide our clients with quality, experienced and commercial legal advice, particularly in the English, Irish and Jersey jurisdictions, together with seamless cross-border services”.

Cross Border & International Transactions


Media Contact – Parslows International:

Sally Chinn
Parslows International
Tel: 01534 630530
Email: sally.chinn@parslowsjersey.com
https://parslowsinternational.com

 

Media Contact – Jersey Post Group

David McGrath
Jersey Post Group – Head of Marketing
Tel: 01534 616621
Email: David.McGrath@jerseypost.com
www.jerseypost.com


Notes to editors:

Parslows International

  • Parslows International is headquartered in Jersey, Channel Islands.
  • It provides Corporate/ M&A, Commercial Law, Cross Border and International Transaction legal advice together with Private Client and Trust advice. It is able to call upon English, Irish and Jersey law specialists.
  • David Hill, Head of Corporate at Parslows International, was lead lawyer on this transaction.
  • David has considerable onshore and offshore corporate and commercial experience playing key roles in some high profile corporate and M&A transactions. He regularly acts for multinationals and large international corporations as well as SMEs and high-net worth individuals.
  • Before joining Parslows, David was managing partner at Burlingtons and prior to that a corporate/commercial partner at Howard Kennedy.

The Jersey Post Group

  • Jersey Post employs just over 380 members of full and part time staff.
  • Jersey Post purchased Fraser Freight – a premium logistics services company – in August 2016 and purchased Heathrow Import Clearance Services (HICS) – a commercial customs clearance broker – in December 2016.
  • In September 2017, Jersey Post embarked on a joint venture with the Estonian company, Freselle Logistics in a new company called GTS Post. It brings together the expertise of the two businesses to offer worldwide clients a combination of postal, freight, customs and logistics services through a single entity.
  • In October 2017, Jersey Post invested in A2B Limited, a leading name in mail and fulfilment solutions in Hong Kong and China. A2B Limited is based in Kowloon Bay, Hong Kong, and specialises in postal and fulfilment services for Hong Kong and China based ecommerce traders and mail consolidators to Europe, America and Rest of World. With over 15 years’ experience in the sector, A2B also offers warehousing, worldwide express courier services, and customs clearance for shipments destined for Greater China and countries worldwide.

Parcel Monkey

  • Parcel Monkey was founded on 7 December 2009 by Navin Ramiah.
  • Parcel Monkey is based in Southampton, currently employing 23 staff and 12 call centre staff.
Cross Border & International Transactions

EU cross-border mergers | structuring to fall within the EU cross-border merger regime

Cross Border Mergers Parslows InternationalEU cross border mergers | structuring to fall within the EU cross-border merger regime

The United Kingdom Court of Appeal (“Court of Appeal”) has confirmed in a judgement (January 2018) that a company was entitled to use and benefit from the EU cross border mergers regime*  for its corporate reorganisation.  This is notwithstanding the fact that the only cross-border element was the inclusion of a dormant foreign entity which was in place solely to allow the UK structure to benefit from the cross-border rules.

The Court of Appeal looked at the purpose of the underlying EU directive dealing with the cross border merger regime.

It determined inter alia that the EU cross border regime exists in order to facilitate corporate freedom of establishment in any EU member country and the Courts should not be restricting this right.  The object of the law was to facilitate cross-border mergers “for whatever purpose”. The structure under scrutiny, was for a legitimate commercial objective and was structured in order to take advantage of the right to use the cross border merger regime. It found that there had been no abuse of rights in organising the transaction to fall within this regime.

If you require any further information, advice or assistance please contact our head of Cross Border & International Transactions, David Hill at david.hill@parslowsinternational.com

Cross Border & International Transactions

 


Main Contact|  David Hill

Head | Cross Border & International Transactions, Corporate/M&A


Please note that the information provided on this website is for general information purposes only and is designed to provide you with an outline of the legal services we offer.  Whilst we endeavour to ensure our information is correct and useful, we make no representations or warranties regarding the accuracy or completeness of the information offered.  Information on our website does not constitute legal advice and Parslows accepts no liability for any loss or damage arising out of, or in connection with, the information found in this website.  Please consult a lawyer in the event that you require professional assurance that our information, and your interpretation of the same, is correct. 

*Cross Border Mergers Directive 2005/56/EC, implemented in the United Kingdom through the Companies (Cross Border Mergers) Regulations 2007. These rules were consolidated in EU Directive 2017/1132.