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Mourant Ozannes

Work 01481 723466
Fax 01481 727935

Frances Watson

Work +44 1481 739 331
Mourant Ozannes

Work Department

Banking & Finance, Corporate, Financial Services & Regulatory, Funds, Insolvency & Restructuring, Insurance




Frances is a partner and Guernsey Advocate in the corporate and finance team in our Guernsey office. With over 15 years’ experience Frances’ practice covers a wide variety of corporate and commercial matters, finance, investment funds, insurance, listings, regulatory advice and restructurings. She is ranked as a leading individual for investment funds work by Legal 500 in 2016.

Prior to moving to Guernsey in 2005, she worked for seven years with Allen & Overy LLP, one of the leading London law firms, where she advised on a wide variety of corporate and corporate finance matters. 

Examples of recent experience prior to joining Mourant Ozannes:

Acted as Guernsey Counsel on the establishment of an infrastructure Iicome fund that raised £150 million on the main market of the London Stock Exchange.

Advised an aircraft leasing company on its further placing of shares on the LSE’s Specialist Fund Market, the proceeds of which were used to acquire two Boeing 787-8 aircraft to be leased to a leading Asia airline, and related financing.

Acted for an international bank in connection with its acquisition of a Guernsey-based trust and corporate services business.


She is a former Chair of the Commercial Bar Association in Guernsey.


Frances qualified as an English Solicitor in 1999 and as a Guernsey Advocate in 2007.  Frances has a first class honours degree from Oxford University and an M.Phil., also from Oxford University.


Corporate and M&A

Within: Leading individuals

Frances Watson - Mourant Ozannes

Within: Corporate and M&A

John Lewis spearheads Mourant Ozannes' 'professional, knowledgeable and reliable' corporate and commercial outfit, which recently acted for LabTech Investments in its contractual takeover of Market Tech, and was instructed by a global law firm to assist with the establishment of a strategic real estate investment group, a private venture capital vehicle and a private equity vehicle. Frances Watson worked alongside counsel Alex Davies to oversee the merger of two investment managers to create a new entity focused on specialist lending assets. Clients such as Mariana Resources and Endeavour Mining instructed Helen Wyatt and the 'thorough and engaging' Caroline Chan to handle significant takeover and M&A transactions via a scheme of arrangement. In other highlights, John Rochester collaborated with the firm's dispute resolution department to successfully block the sanction of a scheme of arrangement in the Royal Court on behalf of an investment manager as minority shareholder in the purchasing company. Other notable clients include Ancala Partners, Mitsui Power Ventures and the Prospect Japan Fund.

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Investment funds

Within: Leading individuals

Frances Watson - Mourant Ozannes

Within: Investment funds

Mourant Ozannes 'is extremely professional and has a deep expertise in the funds space in Guernsey'. The 'very knowledgeable and responsive' Frances Watson and the rest of the firm's 'pragmatic and commercial team ensure that all solutions are legally effective'. Darren Bacon 'gets the job done well with minimum fuss'; he recently led the advice to HgCapital with regard to the fundraising for the launch of a private equity fund structure, and collaborated with Fried, Frank, Harris, Shriver & Jacobson (London) LLP to oversee the Guernsey law aspects of the launch of the fourth iCON infrastructure fund. Senior associate Alana Gillies, 'a superstar combining top-notch technical skills with amazing stamina', is also noted.

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Legal Developments in Guernsey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • In re B; B v T (Court of Appeal, 11 July 2012)

    A trustee's duty of confidentiality has recently been discussed and to some extent clarified in the recent Guernsey Court of Appeal decision of In re B; B v T (Court of Appeal, 11 July 2012). This summary has been prepared to provide you with a summary of the case as well as the general issues raised, but is not intended to cover all matters or to provide commentary.   This summary does not constitute legal advice.
  • The Company Administration Regime in Guernsey

  • Guernsey Image Rights Legislation

    The Image Rights (Bailiwick of Guernsey) Ordinance 2012 (the Ordinance) and The Image Rights (Bailiwick of Guernsey) Regulations, 2012
  • Guernsey Foundations

    The Foundations (Guernsey) Law, 2012 (Law) is awaiting Royal assent, expected to be given by the end of the year or early next year. Whilst Guernsey is not the first jurisdiction to provide for foundations, the Law does provide a number of unique options for individuals wishing to take advantage of the benefits provided by foundations. The purpose of this note is to provide both a general summary of the features of a Guernsey foundation, as well as a summary of these unique options that will be available under the Law.
  • Competitive Guernsey

    Guernsey has been considering the introduction of local competition law since at least 2005 and by bringing into effect The Competition (Guernsey) Ordinance, 2012 on 1 August 2012, has introduced an effective Competition Law regime, to regulate the same 3 core areas recognized in most competition regimes, namely the abuse of a dominant position, anti-competitive arrangements, and mergers and acquisitions.
  • Friendly Rivalry? The Competition Laws of the Channel Islands

    • New Competition Law for Guernsey in force on 1 August 2012 • Jersey and Guernsey now both regulate the abuse of a dominant position, anti-competitive arrangements, and mergers and acquisitions • Key differences between the islands' competition laws • Overall, a pan-Channel Island approach to regulation
  • Channel Islands Stock Exchange (CISX) Rule Change Update

    Ogier Corporate Finance Limited (OCFL) is the market leader in providing listing agent services for the listing of securities on the Channel Islands Stock Exchange (CISX or the Exchange) having sponsored over 445 listings.
  • Channel Island Stock Exchange, LBG - Listing of Securities of Investment Funds

    The Channel Islands Stock Exchange, LBG (the Exchange or CISX) commenced operations on 27 October 1998 and is intended to provide recognised facilities for the listing and trading of securities issued by companies and investment funds.
  • Investment funds in Guernsey

    The investment funds industry in Guernsey has achieved significant growth in recent years. Statistics show that as at 30 June 2011 there was ÂŁ274.5 billion of assets under management in Guernsey.
  • Guernsey Companies Law - Office of the Registrar of Companies

    This memorandum has been prepared for the assistance of our clients in connection with the provisions relevant to the Office of the Registrar of Companies under the Companies (Guernsey) Law, 2008 (as amended) (the “Companies Law”).