Bird & Bird advises Cheval Investment & Finance Limited on significant disposal

20 June 2006

International law firm Bird & Bird has been advising new client, Cheval Investment & Finance Ltd, on the disposal of its UK subsidiary, Cheval Property Finance plc, to Credit Investment Limited for an undisclosed sum. The disposal was completed on 2 June 2006. Cheval Property Finance plc was established in 1995 and is an FSA authorised and regulated principal lender, operating in the short-term bridge-finance lending market.

Bird & Bird handled all corporate and tax issues for Cheval Investment & Finance Limited. Corporate partner, Simon Allport, led the Bird & Bird team with assistance from senior corporate associate, Mark Cummings, trainee Zoe Aldam and tax assistant Caroline Keaney.

Credit Investment Limited was advised by Burges Salmon.

For more information please contact Natalie Arestis on +44 20 7905 6248 or natalia.arestis@twobirds.com.

-Ends-

Notes to Editors

About Bird & Bird

Bird & Bird is a full service international commercial law firm with an in-depth knowledge of chosen industry sectors. We focus on aviation & aerospace, communications, banking & financial services, e-commerce, information technology, life sciences, media and sport. With offices in Beijing, Brussels, Düsseldorf, Frankfurt, The Hague, Hong Kong, London, Lyon, Madrid, Milan, Munich, Paris, Rome and Stockholm, we offer our clients local expertise within a global context helping them to realise their business goals both domestically and internationally. Bird & Bird was identified as one of the Top 50 Law Firms in the world that has “taken the greatest strides towards globalisation while maintaining quality”, in a recent survey carried out by researchers for the PLCWhich Lawyer? Yearbook.