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Mourant

22 GRENVILLE STREET, ST HELIER, JE4 8PX, JERSEY
Tel:
Work 01534 676 000
Web:
www.mourant.com/jersey

Jersey

Banking and finance
Banking and finance - ranked: tier 1

Mourant

Mourant handles a range of top-tier work. Practice head Gareth Rigby advises elite private equity fund sponsors on their fund finance transactions, with Mark Chambers also handling lender side work in this case. James Hill is a key contact for real estate finance, and Jon Woolrich's practice includes corporate finance deals. Simon Gould contributes regulatory expertise. Senior associate James Daniel is also well-regarded.

Practice head(s):Gareth Rigby

Other key lawyers:Mark Chambers; James Hill; Jon Woolrich; Simon Gould; James Daniel

Testimonials

'The team is very easy to work with, and provides accurate advice promptly - it works well in multinational teams.'

'Mark Chambers is a partner with extensive experience who is always quick to ensure clients get Jersey advice promptly.'

'Jon Woolrich and James Daniel lead an exceptional team whose knowledge is vast, friendly, professional and always available to help. If they are not able to help with a specific query they will investigate the issue and respond with an appropriate answer very quickly.'

Key Clients

Greystar Real Estate Partners

HSBC

M&G Investments

Citibank

Goldman Sachs

China Investment Corporation

Wells Fargo Bank

Invesco Real Estate

Battersea Project Holding Company Limited

WPP plc

Work highlights

  • Advised Mimecast on borrowing a secured term loan and a revolving credit facility from JPMorgan Chase.
  • Advised Landesbank Hessen-Thüringen Girozentrale on a loan to Kiwoom Asset Management for the South Korean asset manager's purchase of London real estate.
  • Advised China Investment Corporation on borrowing for the purpose of its purchase of Logicor from Blackstone for €12.25bn.
  • Advised Investec Bank on lending a capital call facility to Palamon Capital Funds
  • Advised IBM on the Jersey law regulatory issues surrounding its World-Wire blockchain-based payments system.
Leading individuals

Gareth Rigby - Mourant

Rising stars

James Daniel - Mourant

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Capital markets
Capital markets - ranked: tier 1

Mourant

Mourant handles a mix of work, primarily in debt capital markets, frequently picking up roles as intermediaries to elite onshore firms. Paul Martin and Robert Hickling handle debt issuances, as does Jon Woolrich, whose work includes challenging cross-border mandates - Hickling also has structured finance expertise. James Hill has expertise in the use of Jersey cash box structures. Counsel Amy Demetriou works with Hickling on key deals.

Practice head(s):Gareth Rigby

Other key lawyers:Paul Martin; Rob Hickling; Jon Woolrich; James Hill; Amy Demetriou

Key Clients

3i Infrastructure plc

Informa plc

Shire Plc

Land Securities Plc

Ardian

London Stock Exchange Group Plc

Credit Suisse

JPMorgan

Goldman Sachs

Wells Fargo Bank N.A.

Work highlights

  • Advised Yellow Cake plc, a Jersey-based uranium trading business, on the Jersey elements of its IPO on AIM.
  • Advised Chamoss International on a listing of NIS1.48bn of secured notes on the Cayman Island Stock Exchange to finance the purchase of a number of car showrooms.
  • Advised Informa on its launch of a new euro medium-term note programme, and the issuance of €650m and £300m of notes under it, to finance its acquisition of UBM.
  • Advised Serinus Energy on its redomiciliation from Alberta to Jersey, and a placing of new shares to be listed on AIM.
  • Advised Stonecutter Investments on the private placement and listing of equity securities on The International Stock Exchange in connection with its purchase of Goldman Sachs' new London headquarters.
Leading individuals

Rob Hickling - Mourant

Rising stars

Amy Demetriou - Mourant

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Commercial property
Commercial property - ranked: tier 2

Mourant

Mourant's commercial property practice encompasses the fields of leasing arrangements, secured lending advice, office relocation exercises and complex commercial acquisitions and disposals. Owing to her expertise in all aspects of the commercial property market including significant redevelopment mandates, counsel Georgina Cook was recently promoted to the head of the practice. The team’s client list consists of well-known international banks, as well as Jersey businesses, developers and investors.

Practice head(s):Georgina Cook

Key Clients

Oppenheimer Generations Custodian Jersey Limited

Barchester Healthcare

Ardian Jersey Limited

Bank of India

The Channel Islands Co-Operative Society Limited

Royal Bank of Canada

The Thackeray Estate

EFG Wealth Solutions

Rossborough Insurance

Quilter Cheviot

Work highlights

  • Advised the Royal Bank of Canada on the preparation and negotiation of a bespoke lease arrangement to the States of Jersey.
  • Advising Oppenheimer on its 15 year lease of office space at the International Finance ?Centre to support its launch of business in Jersey.
  • Advising The Thackeray Estate on a £4.8m freehold purchase of the Barclays Bank building.
  • Advising Rossborough Insurance in its move to a flagship office and customer sales space at Liberation House.
  • Advising Ardian Jersey Limited on a pre-let agreement and lease of premises at 27/28 Esplanade, St Helier.
Next Generation Partners

Georgina Cook - Mourant

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Corporate and commercial
Corporate and commercial - ranked: tier 1

Mourant

Mourant handles heavyweight transactions for well-known businesses and private equity houses, as well as market-leading real estate transactions. 'First-class practitioner' James Hill's practice includes matters such as heavyweight deals concerning real estate assets, while Robert Hickling and Paul Martin handle billion-pound M&A deals. Jon Woolrich , described as 'an effective, experienced operator' also advises on transactions for elite private equity houses. Gareth Rigby heads the practice. Below partner level, the 'very knowledgeable' counsel Iain Millar is held in high esteem by clients.

Practice head(s):Gareth Rigby

Other key lawyers:James Hill; Robert Hickling; Paul Martin; Jon Woolrich; Iain Millar

Testimonials

'The premium offshore firm for significant corporate transactions.'

'An extremely capable team: it has detailed knowledge of all aspects of Jersey law, sound commercial knowledge and a pragmatic and collaborative approach to getting deals done. It feels more like a part of the main transaction team than a Jersey offshoot.'

'Jon Woolrich is an effective, experienced operator with a good manner and is very easy to deal with. He tells clients what they need to know, what they need to take interest in, and what they don't need to worry about.'

'James Hill is a first-class practitioner with excellent client and commercial skills.'

'Paul Martin leads with commercial acumen and insight for clients. He is well networked across his firm to act as a true point of contact.'

'Mark Chambers is engaged, dynamic and very approachable: he knows everything there is to know.'

'Robert Hickling provides sound legal advice and demonstrates an exceptional commitment to the matters on which he is instructed.'

'Iain Millar is very knowledgeable, and always delivers practical and commercial solutions.'

Key Clients

3i Infrastructure

Brookfield

CVC

Shire PLC

Elliott Advisors

HP Inc

Aedifica

Mimecast

TPG Global

WPP plc

Work highlights

  • Advised Shire on the company's sale to Takeda Pharmaceutical via a Jersey scheme of arrangement.
  • Advised a consortium of investors including Goldman Sachs on the sale of 144 Travelodge hotels to several different buyers.
  • Advised Cinven on its purchase of Envirotainer for around €1bn.
  • Advised Bain Capital on its £1.2bn purchase of esure Group.
  • Advised Elliott Advisors, an activist hedge fund, on its purchase of a majority stake in Waterstones.
Leading individuals

James Hill - Mourant

Robert Hickling - Mourant

Next Generation Partners

Jon Woolrich - Mourant

Paul Martin - Mourant

Rising stars

Iain Millar - Mourant

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Dispute resolution
Dispute resolution - ranked: tier 1

Mourant

Mourant's dispute resolution team has an enviable institutional client base including multinational banks, corporate service providers and fund managers as well as private clients. The team of 'formidable opponents' has considerable expertise in banking and finance disputes, fund and asset tracing, commercial arbitration, employment, trust disputes, insolvency and regulatory investigations. The breadth and expertise of the partnership is evidenced by the client praise given to Jonathan Speck ('a great leader'; 'hugely respected'), Bruce Lincoln ('exceptional technical knowledge'), Justin Harvey-Hills, ('a tenacious litigator'), Mathew Cook  ('a smooth and friendly lawyer') and Stephen Alexander ('rising star'). Counsel Luke Olivier ('very knowledgeable and pragmatic') is also recommended expertise in corporate and commercial litigation, with a particular specialism in dealing with foreign tax authorities.

Practice head(s):Bruce Lincoln

Other key lawyers:Justin Harvey-Hills; Matthew Cook; Stephen Alexander; Luke Olivier

Testimonials

'Without doubt, the insolvency and litigation team with the greatest depth of quality in the Channel Islands.'

'Years of experience between them and all well-respected by the court'

'Jonathan Speck brings gravitas to court proceedings and commands respect'

'Bruce Lincoln stands out as a formidable intellect and strategist. He has a well-deserved reputation for being one of the top lawyers in his field and he is a clear-headed and persuasive advocate'

'Justin Harvey-Hills is an extremely capable advocate who combines a detailed knowledge of the case with stylish and clear presentation'

'Luke Olivier stands out as an exceptionally commercial and charismatic associate'

'Ben Thorp is impressive'

'With an impressive range and depth of skills, Mourant Ozannes is able to put together teams on individual cases with excellent technical capability, a wealth of experience, commercial nous and outstanding client-facing skills'

'Chris Vincent is a promising junior associate'

Key Clients

Lolita Danilina

Berge Gerdt Larsen

Jersey Home Loans

Virtue Trustees (Switzerland) AG

Vantage Capital Management AG

RBC Trust Company (International) Limited

Work highlights

  • Acting as Jersey counsel for Lolita Danilina in a dispute with Vladimir Chernukhin (ex-Russian finance minister) as to rightful ownership of assets accumulated during, and divided after, their former relationship.
  • Acting for Berge Gerdt Larsen in relation to challenges to notices issued by both the Comptroller of Taxes in Jersey and the Attorney General.
  • Acting for Jersey Home Loans Limited in relation to contested debt enforcement proceedings before the Royal Court.
  • Representing RBC Trust Company in proceedings brought before the Royal Court in Jersey by two Kenyan plaintiff companies.
  • Acting for Virtue Trustees (a Swiss corporate trustee and protector of a $20m Jersey law trust) on a contentious application for rectification of the trust.
Leading individuals

Bruce Lincoln - Mourant

Jonathan Speck - Mourant

Next Generation Partners

Mathew Cook - Mourant

Stephen Alexander - Mourant

Rising stars

Luke Olivier - Mourant

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Employment
Employment - ranked: tier 1

Mourant

The employment practice at Mourant advises the firm's usual client base of asset managers, banks, trustees and other multinationals on the full range of contentious and non-contentious matters. Regular contentious mandates include advising on tribunal and court claims, including breach of contract disputes. Carla Benest is a go-to name for employment advice regarding corporate restructurings and entries to the Jersey market. Senior associate Laurie Child is highly praised by clients for his discrimination law expertise.

Practice head(s):Carla Benest

Other key lawyers:Laurie Child

Testimonials

'Very collaborative and knowledgeable'

'Mourant Ozannes is extremely professional while also being very approachable. The level of expertise is second-to-none'

'The go-to legal firm for all things employment related'

'Carla Benest is exceptional in her field. She is extremely knowledgeable and confident'

'Carla Benest is calm, knowledgeable and gets the client's issues the first time'

'Laurie Child and Carla Benest are stand-out individuals in the field'

Next Generation Partners

Carla Benest - Mourant

Rising stars

Laurie Child - Mourant

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Investment funds
Investment funds - ranked: tier 1

Mourant

Mourant handles a mixture of private equity fund formations work, with Felicia De Laat, who works with some of the world's leading managers, serving as the firm's head of Jersey funds, Ben Robins - 'arguably the best funds lawyer in Jersey' - is the firm's global head of funds, and is a notable contact for funds-of-funds and other Jersey Expert Funds. Daniel Birtwistle acts for well-regarded mid-market managers as well as some bigger names. Alistair Horn handles works concerning challenging asset classes, and Tim Morgan has hedge fund expertise. Gabby Kellogg and Alex Henderson are key senior associates in the team.

Practice head(s):Felicia de Laat; Ben Robins

Other key lawyers:Daniel Birtwistle; Alistair Horn; Tim Morgan; Mark Chambers; Gabby Kellogg; Alex Henderson

Testimonials

'Mourant Ozannes is the premier fund legal advisor in Jersey. Its partners drive industry initiatives both in commercial and regulatory perspectives, which can span new investment products to regulatory requirements.'

'Mourant Ozannes manages to consistently attract good, young lawyers from international firms.'

'Very responsive and pleasant to work with, it has an interest in long-term relationship building rather than simply churning through work.'

'Alistair Horn ensures the client experience is appropriately managed and delivered: his considered approach provides client comfort and more often than not goes above and beyond the call of duty.'

'Felicia de Laat is responsive, technically astute, creative and a pleasure to work with.'

'Ben Robins is arguably the best funds lawyer in Jersey: his responsiveness and ability to simplify and resolve complex and technical issues is outstanding.'

'Alistair Horn is a standout relationship partner, with the ability to deliver quality in the team around him and to drive the relationship between onshore and offshore firms.'

'Gabby Kellogg is a charismatic senior associate who finds creative and bespoke legal advice in unique matters.'

'Alex Henderson is a responsive and pragmatic lawyer with good insight into private equity fund formations.'

Key Clients

Triton

Battersea Power Station Development Company

Sole Shipping

LaSalle Investment Management

Legal & General

National Pension Service of the Republic of Korea

Invision AG

Highbrook

Highland Europe

Low Carbon/Vitol

Work highlights

  • Advised Triton on forming Triton Fund V, which hit its hard cap and raised over €5bn.
  • Advised Sole Shipping on forming a $200m fund and a co-investment vehicle.
  • Advised Swiss mid-market private equity house Invision AG on forming Invision VI, which raised €375m at its first close.
  • Advised Vitol on creating VLC Renewables Fund I, a renewables fund which raised €200m at its first close.
Leading individuals

Ben Robins - Mourant

Felicia de Laat - Mourant

Tim Morgan - Mourant

Next Generation Partners

Alistair Horn - Mourant

Rising stars

Alex Henderson - Mourant

Gabby Kellogg - Mourant

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Private client, trusts and tax
Private client, trusts and tax - ranked: tier 1

Mourant

Mourant, as part of the firm's global offering, advises a lengthy client roster of corporate and private trustees, foundations and UHNWIs. Edward Devenport is an established name in private wealth structuring, pensions and employee benefit structures while Giles Corbin is an expert in all aspects of trust and foundation administration and the associated legal and regulatory issues that arise. Chiara Mundy is a growing name for advising on succession, probate and wills. Semi-contentious issues such as trust deed rectifications, division of asset issues and set-asides are routinely handled by the firm’s dispute resolution team.

Practice head(s):Edward Devenport

Other key lawyers:Giles Corbin; Chiara Mundy

Testimonials

'The team is highly technical and always available. Communication is always excellent and timely'

'Highly professional'

'Giles Corbin and Chiara Mundy are always available to provide advice and support on various matters'

'William Burnell is very commercial and knowledgeable'

'William Burnell goes out of his way to deliver'

'A responsive and solutions oriented team with a sophisticated and current knowledge of applicable law'

'Communication is always excellent and timely'

'Mourant Ozannes stands out for its quality of service and expertise'

Key Clients

BNP Paribas

Consortia

EFG Private Bank

Butterfield

First Names

Hawksford

Sanne

Stonehage

Zedra

Leading individuals

Edward Devenport - Mourant

Giles Corbin - Mourant

Rising stars

Chiara Mundy - Mourant

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Jersey: Dispute resolution

Regulatory and White-collar
Regulatory and White-collar - ranked: tier 3

Mourant

Mourant provides advice to regulated entities in the trust, banking and finance sectors, including sanctions, anti-money laundering and data protection advice. The team represents clients in regulatory litigation, including tax information exchange agreement matters.

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Legal Developments in Jersey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Enhanced Information for Cayman Entities

    The Cayman Islands Government has passed a number of amendment laws to strengthen Cayman's anti-money laundering and counter-financing of terrorism regime. The laws, published on 8 August 2019, are intended to help address certain recommended actions in Cayman's legislative framework identified by the Caribbean Financial Action Task Force in its evaluation report published in March 2019.
  • New Cayman Data Protection Law ‚Äď A guide for Cayman funds

    The Cayman Islands Data Protection Law, 2017 ( DP Law ) is currently scheduled to come into effect on 30 September 2019.  Once commenced, it will enact a framework of rights and duties to regulate the processing of individuals' personal data broadly based on the same internationally recognised privacy principles that form the basis for other data protection laws globally.  The DP Law will regulate the processing of all personal data in the Cayman Islands and will affect any entity established in the Cayman Islands, including investment funds, that processes personal data regardless of whether such processing takes place within the Cayman Islands and regardless of whether the personal data relates to Cayman individuals.  For our full briefing see Cayman Islands Data Protection Law: An Ogier Client Guide .
  • Exempt bodies: Substance regulations may still apply

    The Income Tax (Substance Requirements)(Implementation) Regulations, 2018 as amended (the Substance Regulations ) came into force on 1 January 2019 and have recently been further updated by The Income Tax (Substance Requirements)(Implementation)(Amendment) Regulations, 2019 (the Amendment Regulations ), with effect from 1 August 2019.¬† The Amendment Regulations have extended the scope of the Substance Regulations to include all tax exempt bodies that have been granted an exemption under paragraphs (3) and (5) of Schedule 1 of the Income Tax (Exempt Bodies) (Guernsey) Ordinance, 1989 (as amended) (the Exempt Bodies Ordinance ).¬† In addition, the Amendment Regulations clarify the scope of the Substance Regulations in relation to IP Assets and High Risk IP Companies ‚Äď the balance of this note focuses on the change in status of tax exempt bodies.¬†
  • Cayman Islands wills law heralds a more flexible approach

    The rules recognising the legal formality of wills in the Cayman Islands are prescriptive, requiring the will to be executed in writing, signed at the foot of the document by the testator and witnessed by two witnesses who formally attest the will in writing in the presence of the testator.
  • Luxembourg Government submits bill to Parliament implementing the EU Anti-Tax Avoidance Directive 2

    On 8 August 2019, the Luxembourg Government submitted a draft law to the Parliament (the Draft Law ) to implement the Council Directive (EU) 2017/952 of 29 May 2017 ( ATAD 2 or the Directive ) into Luxembourg domestic law.
  • Ogier fund finance team now offers Luxembourg legal advice from US time zone with return of Catharin

    Ogier's fund finance team now offers Luxembourg legal advice from a US time zone with the return of fund finance specialist Catharina von Finckenhagen to the Cayman Islands as a dual-qualified Luxembourg advocate and Cayman attorney.
  • Enhanced Information for Cayman Entities

    The Cayman Islands Government has passed a number of amendment laws to strengthen Cayman's anti-money laundering and counter-financing of terrorism regime. The laws, published on 8 August 2019, are intended to help address certain recommended actions in Cayman's legislative framework identified by the Caribbean Financial Action Task Force in its evaluation report published in March 2019.
  • Register of beneficial owners deadline approaching ‚Äď are you ready?

    As of 1 March 2019, the Luxembourg law of 13 January 2019 (the Law ) creating a register of beneficial owners ( Registre des bénéficiaires effectifs or " RBE ") is in force.
  • Jersey substance proposals ‚Äď the Banking and Finance perspective

    EU finance ministers have formally approved Jersey's economic substance legislation by removing the jurisdiction from the "grey list" on 12 March 2019 and the Privy Council granted formal approval to the Taxation (Companies - Economic Substance) (Jersey) Law 2019 (the Law) on 13 March 2019. The Law takes effect from 1 January 2019.
  • Ogier advises on $889 million acquisition of AIM traded payment services company by way of scheme of

    Ogier has advised Canadian payments technology company Nuvei Corporation on the US$889 million acquisition of AIM traded SafeCharge International Group Limited by means of a Court-sanctioned Guernsey scheme of arrangement.