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Mourant

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

Edward Devenport

Tel:
Work 01534 676366
Email:
Mourant

Work Department

Funds, international trusts and private client.

Position

Edward has made numerous contributions to trust publications including writing the Jersey chapter of Asset Protection: Domestic and International Law and Tactics. In 2004 and 2005 he assisted with changes to the Trusts (Jersey) Law 1984 and more recently has been on the working party piloting the introduction of the Unregulated Funds regime into Jersey. Edward’s recent investment funds work includes the Jersey domiciled Lyxor hedge fund platform. What the directories say: 'Fund specialist' Edward is praised as 'professional and solution-driven,' particularly for his involvement in hedge fund matters," (Chambers UK, 2013); is listed as a Prominent Figure in the Citywealth Leading Lawyers List 2013; is ranked in ‘The Legal 500 UK’, ‘Chambers UK’, ‘PLC Which lawyer? Yearbook’, ‘Who’s Who’ and ‘IFLR 1000’ Law directories.

Career

Called to the English Bar 1987 (currently non-practising); corporate finance for Bankers Trust Company and Chemical Bank, London and New York; Jersey solicitor 1993; partner Mourant Ozannes 1996; Cayman Islands attorney 2007 (currently non-practising).

Member

Vice-chairman Jersey Funds Association.


Jersey

Private client, trusts and tax

Within: Leading individuals

Edward Devenport - Mourant

Within: Private client, trusts and tax

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.

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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 – 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 – 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 – 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 – 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.