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Mourant Ozannes

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

Bruce Lincoln

Tel:
Work 01534 676461
Email:
Mourant Ozannes

Work Department

Litigation, international trusts and private client, insolvency and restructuring.

Position

Bruce has experience of a wide range of contentious areas including insolvency, banking and professional negligence, specialising in particular in contentious trusts work. In addition to hostile trust litigation, Bruce also regularly advises trustees and beneficiaries on issues arising in the course of the administration of trust structures (both contested and non-contested). Highlight deals: Bruce was part of the team acting for the trustee on the Internine/Alhamrani litigation and acted for the private trust company defendant in the Walker litigation. What the directories say: Bruce ‘attracts glowing praise for his handling of contentious work…', '… is the future in the heavy contentious trust litigation in Jersey ...' and '… one of the best lawyers in the next generation' (Chambers UK, 2016); ‘is a bright guy.  He pays great attention to detail and he is effective' (Chambers UK, 2015); ''the first port of call' for complex trusts work' (Who's Who Legal, 2015); is listed as a Prominent Figure for Contentious Trusts in the Citywealth Leading Lawyers List 2015 and a notable practitioner in Chambers UK, 2015.

Career

Trained Gouldens, qualified as a solicitor of England and Wales 1999 (currently non-practising), litigator in the finance department Jones Day (following merger with Gouldens) until 2004; leading Cayman Islands law firm, admitted as a Cayman Islands attorney-at-law; joined Mourant Ozannes 2004; qualified as a Jersey advocate 2007; partner 2010.

Education

Oxford University (law).


Jersey

Dispute resolution

Within: Leading individuals

Bruce Lincoln - 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

    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.
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