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Mourant Ozannes

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

Jonathan Speck

Tel:
Work 01534 676227
Email:
Mourant Ozannes

Work Department

International trusts and private client, insolvency and restructuring, litigation.

Position

A Jersey advocate and Managing Partner of the Jersey office of Mourant Ozannes, Jonathan specialises in commercial litigation involving contentious and non-contentious trust litigation, banking law and practice, and all aspects of financial services regulation. He has written about and lectured widely on litigation and Jersey anti-money laundering legislation. What the directories say: Jonathan Speck is a ‘top-notch litigator who is sensible and results-orientated’ (Chambers Global, 2014); ‘A first-rate lawyer: very good in court, commercially minded and a hugely charismatic figure, well liked by clients’ (Chambers UK, 2014); Jonathan is also ranked in Chambers UK as the only Star Individual for Dispute Resolution in Jersey; Jonathan is named as one of only 10 “Most Highly Regarded Individuals” in the world and as “pre-eminent” in the International Who’s Who of Private Client Lawyers, 2013; Jonathan Speck is ‘in a class of his own’ (Legal 500, 2013); Jersey-based Jonathan Speck wins praise from clients as ‘a good advocate in court – he is articulate, presents cases well and is commercial as well as realistic about alternative approaches’ (Chambers Global, 2013); Jonathan Speck is ‘always calm, measured, knowledgeable and one of the leading names on the island’ ( Chambers UK, 2013); Jonathan Speck is the only offshore lawyer to be listed as one of the world’s Top 5 Leading Lawyers for Contentious Trusts in the Citywealth Leading Lawyers List, 2013.

Career

Called to the English Bar 1990 (currently non-practising); joined Mourant Ozannes 1991; sworn in as a Jersey advocate 1994.

Member

Association of Contentious Trust and Probate Specialists; Society of Trust and Estate Practitioners.


Jersey

Dispute resolution

Within: Leading individuals

Jonathan Speck - Mourant Ozannes

Within: Dispute resolution

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 respectedJonathan 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 intelligentJustin Harvey-Hills and the ‘extremely capableStephen 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.

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Private client, trusts and tax

Within: Private client, trusts and tax

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 starJonathan Speck and ‘superb trust litigatorBruce Lincoln are key on the contentious front.

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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
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  • 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

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  • 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.
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