Yorkshire law firm advises on Falkland Island fishing company deal

A Yorkshire  law firm has advised one of the largest fishing companies in the Falkland Islands on its acquisition of container vessel, MV Unispirit.

Andrew Jackson Solicitors acted for Consolidated Fisheries Limited (CFL) on the purchase of the island’s first container vessel which was handed over in the Uruguayan capital of Montevideo.

The vessel was bought from Hamburg-based shipping company UNIATLANTICO and builds on long-standing relationships with Falkland Islands’ shipping partners.

CFL chairman, James Wallace, said: “The acquisition structure establishes a new CFL interest in the Hamburg shipping sector, opening new connections and expertise and creating a platform for future growth.

“The vessel will continue to be chartered to South American Atlantic Service Limited(SAAS), so the service will continue as we are all familiar with. This investment is,

 however, important as it helps secure the Falkland Islands’ shipping link, which is significant given how scarce suitable vessels are for the island’s trade.”

Gavin Farquhar, partner in Andrew Jackson’s shipping and transport team, said: “It has been a pleasure to work with CFL on this significant transaction which has been many years in the making. We wish them all the very best for the future of MV Unispirit.”