Ogier in Jersey has acted for the Bank of London and the Middle East (BLME) on successive refinancings

Ogier in Jersey has acted for the Bank of London and the Middle East (BLME) on successive refinancings of the 2011 acquisition by BLME’s Light Industrial Building Fund of three light industrial properties in the UK. A Jersey protected cell company structure was used in the debt financing which comprised both Shariah-compliant funding and conventional funding, with security over Jersey-situs assets.

In addition, Ogier Jersey and Ogier Luxembourg have acted for BLME on a number of Shariah-compliant real estate financings, each involving the provision by BLME of a murabaha.