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Banking and finance
Banking and finance - ranked: tier 2

Ward Yates

The ‘deal doers’ and ‘problem solvers’ at Ward Yates combine ‘a high level of technical ability with a practical and commercial approach’ and, according to one client, ‘outdo their competitors when it comes to responsiveness and ability’. Recently, the team advised a lender in the context of a borrower having breached finance and security arrangements by restructuring without lender consent, and a large Asian property developer engaged the firm to advise on the Jersey law aspects of its entry into a syndicated loan note facility to fund the development of a property in the UK. Also notable is Elaine Kelly's work for a mortgage lender pertaining to the refinancing of various loans made by a global financial advisory group, and a number of acquisition financing transactions in the real estate sector. Kelly, who ‘is a joy to work with’, co-heads the banking offering with ‘knowledgeable, proactive and helpful’ founding partners Victoria Yates and Nick Ward.

Leading individuals

Nick Ward - Ward Yates

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Corporate and commercial
Corporate and commercial - ranked: tier 2

Ward Yates

Boutique firm Ward Yates is led by the ‘expert and wholly reliableNick Ward and the ‘personable, approachable and knowledgeableVictoria Yates – both of whom are ‘charming to work with’ – and is entirely focused on non-contentious corporate, trusts and finance work. The team, which ‘offers a personalised service’, is currently acting as Jersey counsel to a regulated investment business with regard to its sale to a licensed trust company; in another highlight, a Russian multi-industry holding company instructed the group to oversee the sale of one of the Jersey companies forming part of its wider telecoms group. Ward and Yates also led the advice to clients with regard to the establishment of a share-holding partnership, complex contractual negotiations and corporate governance issues related to potential insolvency and criminal investigations. Clients also recommend the ‘hardworking, efficient and excellentElaine Kelly.

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Private client, trusts and tax
Private client, trusts and tax - ranked: tier 2

Ward Yates

Ward Yates ‘provides a comprehensive and proactive service’. Victoria Yates has the ‘ability to explain complex legal matters in a straightforward manner’ and draws much praise from clients, who also recommend the ‘positive and enthusiasticElaine Kelly. A global private markets investment manager engaged the team to oversee the establishment of two Jersey unit trusts to invest in an Asian structure holding commercial property, and senior associate Corinne Barnes collaborated with Yates to guide a Russian private client through the setting up of a discretionary family trust. The ‘commercial and pragmaticNick Ward led the advice to a licensed trust company acting as the trustee of two discretionary trusts on its ability to fund a bonus scheme to reward certain key individuals in a business which it has agreed to sell in a staged process. Other work highlights include advising on the restructuring and winding-up of structures, reviewing trust documents and wills and probate issues, and assisting clients with corporate governance matters.

Leading individuals

Victoria Yates - Ward Yates

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Further information on Ward Yates

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Offices in St Helier

Legal Developments in Jersey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Modernisation of Jersey’s pensions law

    Modernisation of Jersey’s pensions law
  • Jersey Opens the door to QROP’s

    Jersey opens the door to QROPs
  • Jersey Legislation Overview

    Jersey Legislation Overview
  • Civil Liability for Breaches of the Codes

    Civil Liability for Breaches of the Codes
  • AML Update: Review of 2014 amendments to the substantive offences

    AML Update: Review of 2014 amendments to the substantive offences under the Proceeds of Crime (Jersey) Law 1999 
  • The New Charities Law - a bright new dawn

    As of Friday 21 November 2014, the new Charities (Jersey) Law 2014 (the " Law ") (or at least certain parts of it) came into effect.  This represents a quantum leap forward for Jersey in the charity field.  The Law has introduced a new test for what is charitable (the " Charity Test "), has introduced the post of a Charity Commissioner and a Charity Tribunal, and in time will introduce standards that those who run charities in the Island will have to abide by.  It is hoped that the Law will enable the Island to flourish as a centre for the administration of charitable and philanthropic structures.
  • New Managed Account Regime for Jersey Hedge Fund Managers

    An exemption which will enable Jersey-regulated fund managers to be appointed in relation to managed accounts has now been introduced.  This will enable hedge fund managers that are already regulated under the Financial Services (Jersey) Law (FS Law) in Jersey to carry out fund services business (FSB) to also service qualifying segregated managed accounts (QSMAs) without the need to seek additional regulation for the conduct of investment business under the FS Law.
  • The Security Interests (Jersey) Law 2012: Changes to Jersey's security regime

    On 2 January 2014, the Security Interests (Jersey) Law 2012 came into force in respect of Jersey law security over intangible movable property (e.g. shares/securities, bank accounts and custody assets).  The new law replaces the Security Interests (Jersey) Law 1983 (which was in force for the last three decades) and introduces a number of important changes which modernise Jersey's security regime.
  • Exclusive and Inherent Jurisdictions: to boldly go where no Court has gone before?

    On 26 November 2014, the Privy Council delivered judgment in the long-running case of Crociani & Others v. Crociani & Others [2014] UKPC 40 .  The case is of interest to trustees because it provides conclusive and binding guidance on the treatment of exclusive jurisdiction clauses in trust deeds.  However, it also raises questions as to the fundamental nature of the inherent supervisory jurisdiction of the Royal Court in connection with trust matters, and whether it is in fact broader than previously thought.
  • Accessing EU Institutional investor capital

    Luxembourg is one of the largest global investment fund domiciles, benefiting from the following factors: