Advising on reconstruction and voluntary winding-up scheme for longstanding client

23 August 2017

The firm's Investment Funds team, led by partners Nick Heather and John Reed and including tax partner Michael Murphy and corporate associate Laura Le Marechal, has advised longstanding client London & St Lawrence Investment Company plc, on the proposals recommended for a scheme of reconstruction and voluntary winding-up.

The shareholders of London & St Lawrence were offered either a 'roll over' into unity in the Practical Investment Fun or a cash exit and net asset value under the proposals, which were issued in conjunction with the voluntary winding-up of the company under Section110 of the Insolvency Act 1986.

The team in charge of managing the assets of London & St Lawrence is also in charge of the Practical Investment Fund, which provided the roll-over option on the winding-up and will therefore ensure the traditions and investment philosophy of London & St Lawrence lives on. 

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