Bedell Cristin advises Wandle Holdings Limited in relation to a US$6.17 billion facility21 Jun 2016
Bedell Cristin, working with Debevoise & Plimpton LLP in Moscow, has advised Wandle Holdings Limited, the shareholder in Polyus Gold International Limited ("Polyus Gold"), in relation to a US$6.17 billion facility arranged by Sberbank of Russia. Bedell Cristin provided both Jersey and BVI law advice.
Polyus Gold is the largest gold producer in Russia and one of the top 10 gold miners globally by ounces produced, with 1.696 million ounces of gold output in 2014. Polyus Gold holds one of the largest gold reserves in the world, with 65.8 million ounces of proven and probable gold reserves, according to JORC standards, as at 31 December 2014.
The Bedell Cristin team in Jersey comprised Tim Pearce as partner and Mark Nisbet as senior associate and the Bedell Cristin BVI team was led by Alasdair Hunter as partner with support from Lauren Taylor as associate.