Appleby has advised Santander on the transfer of its banking businesses in Jersey and Isle of Man.
The businesses of Santander UK, Jersey branch, and Santander UK, Isle of Man branch, were transferred on 17 December 2018 into the respective Jersey and Isle of Man branches of Abbey National Treasury Services, following a transfer scheme in each jurisdiction that has received court sanction.
Appleby has previously advised on all recent similar court-sanctioned schemes in respect of deposit-taking business in both Jersey and the Isle of Man.
The Jersey team consisted of Partners Wendy Benjamin, Michael Cushing, David Dorgan, Tim Hart and Richard Sheldon, supported by Senior Associate Gemma Whale, Associate Dilly Wright and Paralegal Angharad Prescott.