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Ogier

44 THE ESPLANADE, ST HELIER, JE4 9WG, JERSEY
Tel:
Work 01534 514000
Fax:
Fax 01534 514444
Email:
Web:
www.ogier.com
Grand Cayman, Hong Kong, London, Luxembourg, Shanghai, St Helier and 3 more

Peter Longstaffe

Tel:
Work +44 1534 514292
Email:
Ogier

Work Department

Counsel Banking and Finance

Position

Peter is an experienced Banking and Finance lawyer with over thirteen years' Jersey legal experience. Peter has an extensive banking and strustured finance practice which includes a large Channel Islands Securities Exchange and Cayman Islands Stock Exchange debt listing practice.

Peter's clients include financial institutions such as Wells Fargo Banks, N.A., London Branch, HSBC Bank plc, The Royal Bank of Scotland plc, Barclays Bank plc, Morgan Stanley & Co. International plc, Deutsche Bank AG, London, Akbank T.A.S and BNP Paribas as well as numerous other global financial institutions and private equity funds, pension plans (including Ontario Teachers' Pension Plan) and other global corporates. Peter regularly gives presentations to City law firms on listing debt on the Channel Islands Securities Exchange and Cayman Islands Stock Exchange.

Career

Prior to joining Ogier in 2002, he worked as a legal assistant at various city firms including Freshfields Bruckhaus Deringer LLP and Linklaters LLP.

Member

Peter is a member of the Law Society of England and Wales.

Education

Peter received his LLB with Honours from the University of Bristol in 1998.

Admitted in:
2007 - England and Wales (not practicing)


Jersey

Banking and finance

Within: Banking and finance

The Ogier team ‘provides a first-class service, makes itself readily available at short notice and provides concise advice and guidance’. Clients praise ‘bright, approachable and focused’ practice head Katrina Edge, who ‘demonstrates a clear understanding of what clients need’. Especially strong in lender-side real estate financing transactions and acquisition finance, the team was recently bolstered by the arrival of Simon Felton from Mourant Ozannes and the promotion to counsel of Peter Longstaffe. Barclays engaged the group – as well as its Guernsey and BVI counterparts – to advise on its refinancing of Tritax Big Box REIT’s secured syndicated facility, and Bruce MacNeil represented ADEEM in the restructuring of the conventional and shari'ah-compliant financing arrangements provided to certain of its subsidiaries. Richard Daggett, senior associate Chula O’Donoghue and associate Jennifer Cox are also recommended for their ‘conscientiousness and responsiveness’. Other notable clients include the Bank of Montreal, Credit Suisse and HSBC.

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Structured finance and securitisation

Within: Structured finance and securitisation

At Ogier, ‘the advice is always very comprehensive yet clear and succinct so that clients find it easy to follow’. Practice head Simon Felton – supported by counsel Peter Longstaffe – led the advice to a structured investment vehicle on its winding-up, and the ‘very experienced and responsive’ Daniel Richards acted for a financial services company in a series of debt security listings on The International Stock Exchange (TISE). Instructed by IDB Trust Services as issuer, Bruce MacNeil oversaw the issuance of high-value trust certificates for the purchase of several shari'ah-compliant assets from the Islamic Development Bank. In other highlights, the team handled a major bank’s acquisition of a high-yield bond offering to redeem existing notes and make a number of shareholder payments. Katrina Edge spearheads the firm’s banking and finance department and is also a key name. Senior associate Lucy Chambers re-joined the department from an in-house position at TISE.

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Legal Developments by:
Ogier

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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