Kermans acted for Celtic on a £14 million scheme of arrangement under section 425 of the Companies Act 1985 for the recommended acquisition of Eureka Mining plc. The transaction was announced in November 2006 and is expected to have been approved by the Court and become effective by 22 December 2006. Daniel O'Connell and Nicholas Narraway led the Kermans team. Wedlake Bell acted for Eureka Mining plc on the transaction. Financial advice was provided to Celtic by Evolution Securities Limited and to Eureka by Cenkos Securities Limited.