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Mourant Ozannes

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

Jersey

Banking and finance
Banking and finance - ranked: tier 1

Mourant Ozannes

Mourant Ozannes maintains a healthy mix of lender and borrower-side work pertaining to new loan arrangements and refinancing transactions on behalf of an enviable blue-chip client base including names like Greystar, Goldman Sachs and CVC. Mark Chambers recently advised the Bank of China, HSBC and ING on the financing of the acquisition of London’s iconic ‘Cheesegrater’ Leadenhall Building by Hong Kong-based property firm CC Land; Gareth Rigby and James Hill handled a £500m facility for a syndicate of banks including Wells Fargo relating to the refinancing of the Merry Hill portfolio following its acquisition by Intu. Also notable is Paul Martin’s work for Eircom with regard to high-yield bond issues and an amendment and extension of its facilities agreement, and Jon Woolrich’s advice to O3b Networks on the refinancing of its $1.4bn facilities. Counsel Iain Millar plays a crucial role in the team and is also a key name to note.

Leading individuals

Gareth Rigby - Mourant Ozannes

Next generation lawyers

Paul Martin - Mourant Ozannes

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Commercial property
Commercial property - ranked: tier 2

Mourant Ozannes

‘Experience and local knowledge added to a commercial approach and the close involvement of the partners enhances the service provided’ by Mourant Ozannes’ ‘pragmatic and prompt’ commercial property team. Clients recommend the ‘highly professional’ Gavin Renault, who spearheads the team, as well as ‘readily available’ counsel Gio Pollano, who ‘has the ability to look at the bigger picture’, and ‘very efficient’ counsel Georgina Cook, who ‘goes the extra mile’. The group is advising Strand Estates as the lessor on the lease to Next of its newly constructed flagship store in St Helier, as well as on the sale of the property to Prochaine. Cook collaborated with Renault on urban regeneration and residential developments such as GR Langlois’ acquisition and subsequent sale and development of Samares Nurseries’ 200 homes. The group is also involved in the new International Finance Centre, where it is acting for Laing O’Rourke Corporation as the lessee of office space.

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Corporate and commercial
Corporate and commercial - ranked: tier 1

Mourant Ozannes

Gareth Rigby heads Mourant Ozannes’ ‘responsive, commercial and sensible’ corporate offering, which ‘clearly comprises first-rate lawyers at all levels’ and provides a ‘pragmatic and prompt service’. A well-known UK betting company instructed the ‘practical, client-friendly and impressive’ Jon Woolrich and the ‘technically strong and responsive’ James Hill to advise on a large-scale reorganisation and distribution exercise following its refinancing. On the transactional front, counsel Iain Millar was part of the team which handled the $2.8bn purchase of Gazeley by Global Logistic Properties from Brookfield, and the highly recommended Paul Martin acted as sole Jersey counsel to an international investor in the acquisition of a personal care retail chain. Other key contacts include Robert Hickling, Mark Chambers and Neil McCarroll, who was recently promoted to counsel and handles a broad range of corporate transactions including cross-border private equity and debt restructurings.

Leading individuals

James Hill - Mourant Ozannes

Robert Hickling - Mourant Ozannes

Next generation lawyers

Jon Woolrich - Mourant Ozannes

Paul Martin - Mourant Ozannes

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Dispute resolution
Dispute resolution - ranked: tier 1

Mourant Ozannes

In tax disputes Mourant Ozannes ‘is pre-eminent, with an unmatched combination of expertise and experience’, and clients find its ‘first-rate’ team ‘is comprised of outstanding litigators doing top-quality work’. Bruce Lincoln is ‘a brilliant lawyer and astute tactician who leaves no stone unturned’; he heads the litigation offering and is representing a professional investor and his asset managing company in litigation filed against two founding shareholders of Hurricane TopCo regarding contractual provisions and issues of unfair prejudice. In other highlights, the ‘tremendously experienced and hugely respected’ Jonathan Speck led the advice to a number of clients on regulatory and consumer protection issues arising from the Panama Papers and Paradise Papers fiasco, while the ‘exceedingly intelligent’ Justin Harvey-Hills and the ‘extremely capable’ Stephen Alexander were instructed by Level One to give evidence to the English High Court on the Jersey law of prescription pertaining to allegations of breach of fiduciary duties brought against the directors of two insolvent Jersey trusts. Associate Pierre Ali-Noor ‘is as smart as they come’ and also a name to note, alongside counsel Mathew Cook.

Leading individuals

Bruce Lincoln - Mourant Ozannes

Jonathan Speck - Mourant Ozannes

Justin Harvey-Hills - Mourant Ozannes

Next generation lawyers

Mathew Cook - Mourant Ozannes

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Employment
Employment - ranked: tier 1

Mourant Ozannes

Mourant Ozannes’ dedicated employment team ‘cannot be faulted at all - the knowledge base is excellent and the response time is rapid’. The ‘exceptional’ Carla Benest, who heads the practice, ‘goes above and beyond’; she defended a global trust against two separate unfair dismissal and discrimination claims before the Employment Tribunal. A global bank appointed a team supported by senior associate Laurie Child – who recently arrived from Bevan Brittan LLP – to handle the dismissal of a senior executive amid potential defamation and breach of contract proceedings. In other highlights, the team oversaw the employment law aspects of a well-known charitable foundation’s relocation from London to Jersey, and associate Katie Phillips was part of the team instructed to advise on immigration, work permit and business licensing issues on behalf of a leading banking software provider. Counsel Mathew Cook is also recommended. In addition,  Edward Devenport contributes pensions expertise.

Next generation lawyers

Carla Benest - Mourant Ozannes

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Investment funds
Investment funds - ranked: tier 1

Mourant Ozannes

At Mourant Ozannes, the investment fund lawyers ‘are exceptional and a real pleasure to work with’, and the ‘commercial and responsive’ team has ‘a deep bench that is unparalleled in Jersey’, according to one client. In recent highlights, team head Felicia de Laat advised CVC on the launch of its seventh flagship fund for private equity investment in Europe and North America, and Ben Robins oversaw Henderson Park’s establishment of its new European real estate investment platform and a number of subsequent acquisitions. Alistair Horn ‘is entirely focused on the client’s needs and getting the project done’; he recently led the advice to Google with regard to its high-value investment in Medicxi’s new fund dedicated to investment in European biotechnology companies. Tim Morgan acts for promoters, investors, regulators and service providers across a wide range of class assets. The team recently bolstered its junior ranks with the arrival of three associates from onshore firms and one from Ogier. Also notable are Daniel Birtwistle, who is ‘an excellent funds lawyer who provides sensible commercial advice in an easily digestible manner’, Mark Chambers and senior associate Matthew Satchell.

Leading individuals

Ben Robins - Mourant Ozannes

Tim Morgan - Mourant Ozannes

Next generation lawyers

Alistair Horn - Mourant Ozannes

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

Mourant Ozannes

Edward Devenport spearheads the private client offering at Mourant Ozannes, which brings together contentious and advisory work for an enviable client base of high-net-worth individuals, family offices and international trust structures. The team was appointed by the qualified member of two Jersey trusts to oversee the merger of the two structures, and Devenport led the advice to a utilities provider with regard to the review of its pension scheme, namely regarding its obligations under Jersey’s pension law reform. In other highlights, the team guided the principal beneficiary of a Jersey trust through the risks and benefits of restructuring the structure into two new US trusts. Counsel Fred Milner ‘always goes beyond the call of duty’ and was part of the team which designed a structure for ring-fenced family governance on behalf of a family business in Latin America. Giles Corbin is also a name to note on the non-contentious side, while ‘charming, urbane and exceptionally clever stand-out star’ Jonathan Speck and ‘superb trust litigator’ Bruce Lincoln are key on the contentious front.

Leading individuals

Edward Devenport - Mourant Ozannes

Giles Corbin - Mourant Ozannes

Next generation lawyers

Fred Milner - Mourant Ozannes

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Structured finance and securitisation
Structured finance and securitisation - ranked: tier 1

Mourant Ozannes

Mourant Ozannes is ‘one of the market leaders in the European high-yield space’. Particularly strong in the handling of commodity securities issuances, note and bond listings, and programme restructurings, the team represents clients such as Deutsche Bank, Bank of America, Wells Fargo and Macquarie. Counsel Amy Demetriou recently collaborated with Robert Hickling to advise SYNREX on the establishment of a secured note programme for the issuance of novel ‘bull/bear’ securities linked to a range of commercial and residential real estate indices. The pair also continues to advise Heathrow on its multi-currency programme for the issuance of bonds, and a number of capital markets transactions. James Hill and Jon Woolrich jointly acted for Polyus in the issue of international bonds and are also key contacts.

Leading individuals

Robert Hickling - Mourant Ozannes

Next generation lawyers

Amy Demetriou - Mourant Ozannes

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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
  • 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: