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Mourant Ozannes

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

Edward Devenport

Tel:
Work 01534 676366
Email:
Mourant Ozannes

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

Employment

Within: Employment

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.

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Private client, trusts and tax

Within: Leading individuals

Edward Devenport - Mourant Ozannes

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 star’ Jonathan Speck and ‘superb trust litigator’ Bruce 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
  • 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: