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Carey Olsen

47 ESPLANADE, ST HELIER, JE1 0BD, JERSEY
Tel:
Work 01534 888900
Fax:
Fax 01534 887744
Email:
Web:
www.careyolsen.com

Jersey

Banking and finance
Banking and finance - ranked: tier 1

Carey Olsen

Typically instructed on the bank side, Carey Olsen  represents a  large roster of bulge-bracket banks from the UK, US, Europe and beyond. Robin Smith's work includes billion-Euro fund financing transactions, as does that of Kate Andrews (who also handles real estate finance and distressed lending). Peter German also handles financing of UK real estate. Simon Marks focuses on financing elements of heavyweight local deals, while Christopher Griffin has cryptocurrency expertise.

Practice head(s):Robin Smith

Other key lawyers:Kate Andrews; Christopher Griffin; Peter German; Simon Marks

Testimonials

'A stand-out firm in Jersey - the quality, consistency and commerciality of service is head and shoulders above its competitors.'

'Peter German has market-leading knowledge of the Jersey aspects of structuring, execution and financing of inbound real estate investment.'

'A terrific team: responsive, very knowledgeable and pragmatic in its advice, plus fun to work with.'

'Kate Andrews is an excellent lawyer who is very commercial in her advice.'

Key Clients

Concordia International Corporation

Travelport PLC

Frogmore Real Estate Partners

Binance

Work highlights

  • Working with White & Case LLP, advised the creditors of Concordia International on it restructuring, which reduced its debt from $3.7bn to £1.4bn.
  • Advising Binance, the world's largest cryptocurrency exchange, on the launch of its Jersey platform.
Leading individuals

Kate Andrews - Carey Olsen

Peter German - Carey Olsen

Robin Smith - Carey Olsen

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Capital markets
Capital markets - ranked: tier 1

Carey Olsen

At Carey Olsen, Simon Marks and Kate Andrews  - 'two of the best practitioners in Jersey' - handle high-yield and other debt capital markets transactions, as well as securitisation matters - some of which involve acting for heavyweight private equity houses. Guy Coltman handles the Jersey elements of London IPOs, while Christopher Griffin has blockchain expertise, including ICOs.

Practice head(s):Simon Marks

Other key lawyers:Guy Coltman; Kate Andrews; Christopher Griffin

Testimonials

'Carey Olsen's capital markets team is outstanding: the team brings a wealth of experience and knowledge to the table, setting itself apart from peer firms. It seamlessly assists with everything from structuring and entity formation to securities listings.'

'An accessible and personable group of industry and jurisdictional specialists.'

'Simon Marks and Kate Andrews are experts in the field and assist high-profile clients on multiple occasions. They stand out from other lawyers due to their ability to promptly resolve challenging issues with exceptional results.'

Work highlights

  • Advised JTC, which is headquartered in Jersey, on its IPO on the main market of the London Stock Exchange.
  • Working with Philean Trust Company, advised GNY.io on the regulatory aspects of its ICO, the first under the JFSC's ICO guidelines.
Leading individuals

Kate Andrews - Carey Olsen

Simon Marks - Carey Olsen

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Commercial property
Commercial property - ranked: tier 1

Carey Olsen

Carey Olsen has an enviable track record in domestic real estate transactions, having acted on some of the island’s most significant recent mandates, with practice head Christopher Philpott a noted figure in the market. The team regularly negotiates commercial lease and sub-leases and head office relocations for a client list of investment companies, property developers, local companies and international financial institutions. Senior associate Will Whitehead is praised for his expertise with property transactions, as well as advising on construction and development projects. The practice also advises on property litigation such as planning appeals, dilapidation disputes and evictions.

Practice head(s):Christopher Philpott

Other key lawyers:Will Whitehead

Testimonials

'The property team has strength in depth and fully understands the area of commercial property'

'The team is responsive, technical and commercial'

'The whole team reacts very quickly to instructions, offers advice to specific problems and helps get to solutions in a quick and professional manner'

'Christopher Philpott is very efficient'

'Will Whitehead is a key player within the team and acts in a very professional manner'

Key Clients

The Jersey Development Company

Ports of Jersey

Legal & General Assurance Company Limited

Aviva

Prudential Assurance Company Limited

Polygon Group

Skipton International

Royal Bank of Scotland International

Natwest

Investec

Nedbank Private Wealth

ITV plc

Nordic Capital

Jersey Rugby Football Club

Santander Plc, Jersey Branch

Deutsche Bank International Limited

National Trust for Jersey

HSBC Bank PLC

S G Kleinwort Hambros Bank (Channel Islands) Limited

Superdrug plc

Barclays Bank plc

Intertrust Limited

Molton Brown

Minerva Trust

Fairway Trust

Richemont Luxury Group Limited

Sancus

STM Fiduciaire Jersey

Work highlights

  • Advised Seaton Place Limited on the purchase of Gaspé House for £90m; the largest commercial property acquisition in the Channel Islands.
  • Advising Aviva on the sale of the Waterfront Leisure Centre for £16.2m.
  • Advising The Boat House Group on the sale of part of its licensed hospitality portfolio.
  • Advising Hotbed (Jersey) Intermediate on the sale of a retail banking hall and office building for £4.8m.
  • Sole advisor to Jersey Development Company Limited on the development of Jersey's international finance centre (a development of approximately 470,000 sq ft office space).
Leading individuals

Christopher Philpott - Carey Olsen

Rising stars

Will Whitehead - Carey Olsen

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Corporate and commercial
Corporate and commercial - ranked: tier 1

Carey Olsen

Carey Olsen continues to handle top-of-market corporate work, covering M&A across a range of sectors, as well as restructurings, offshore real estate deals and redomiciliations. Practice head Guy Coltman's deal flow includes heavyweight M&A deals and restructurings, some of which touch on emerging markets, with Alex Ohlsson handling the Jersey elements of heavyweight London real estate deals. James Willmott has a track record of deals in the financial services and banking spaces.

Practice head(s):Guy Coltman

Other key lawyers:Alex Ohlsson; James Willmott

Testimonials

'A sharp, practical, efficient and effective team, more than able to hold its own with large US law firms.'

'A highly responsive, energetic team which navigates Jersey law and practice smoothly, providing concise, commercial advice along the way. Clear market leaders in Jersey for corporate work.'

'James Willmott is a strong communicator and gives clear, pragmatic advice. He also has excellent technical knowledge that he can deploy quickly.'

'Guy Coltman has a good no-nonsense attitude to getting deals over the line and is acutely alive to the client's commercial goals.'

Key Clients

Barrick Gold Corporation

Nordic Capital

Strategic Value Partners

Butterfield Bank

Cape plc

Liberty Media

Sanne Group Plc

Delphi Technologies Plc

Aptiv Plc

JTC Plc

Work highlights

  • Advised Barrick Gold on its merger with Randgold Resources, consummated via Jersey scheme of arrangement.
  • Advised Butterfield Bank on its purchase of Deutsche Bank's banking and custody businesses in the Channel Islands, as well as the Cayman Islands.
  • Advised Capco Trust on the sale of the company to Ocorian.
  • Working with the firm's Jersey office, advised The Stars Group on the Jersey elements of its multi-jurisdictional purchase of Sky Betting & Gaming.
  • Advised Sanne on its purchase of AgenSynd, a loan agency business.
Leading individuals

Alex Ohlsson - Carey Olsen

Guy Coltman - Carey Olsen

Next Generation Partners

James Willmott - Carey Olsen

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Dispute resolution
Dispute resolution - ranked: tier 1

Carey Olsen

Carey Olsen’s disputes offering is a market leader in the field, regularly acting in some of Jersey’s largest contentious insolvency cases for funds, international companies, boards of directors and creditors, as well as receiving instructions from elite London law firms. Jeremy Garrood and Marcus Pallot are stand-out names in this field while practice head John Kelleher is noted for his commercial disputes expertise and William Grace  is sought-after by international financial institutions for financial services matters, including regulatory disputes. The firm has a solid offering for contentious trusts and is also well-placed to act on the growing field of shareholder disputes.

Practice head(s):John Kelleher

Other key lawyers:William Grace; Marcus Pallot; Jeremy Garrood

Testimonials

'The team has a real ability to quickly comprehend issues and come up with a commercial and pragmatic solution in a tight time frame'

'The firm is approachable and knowledgeable'

'A personable and professional team that is very good to work with'

'John Kelleher is clear, concise and practical'

'Marcus Pallot is approachable, contactable and a font of knowledge. He is super commercial and is able to see through the complex issues with ease'

'William Grace demonstrates fantastic knowledge and provides first-class advice in a tight time frame'

'The team is efficient, courteous and make you feel like you are the only client'

'John Keheller and Richard Holden are stand-out practitioners. Their knowledge, tactical acumen and finesse in dealing with matters, including in particular difficult issues that arise during the course of proceedings, distinguishes them from other practitioners'

Key Clients

Duff & Phelps

Ernst & Young

Grant Thornton

Hard Rock Limited

KPMG

Work highlights

  • Advising the Hard Rock group on allegations of fraud and misrepresentation by employees of the Hard Rock group.
  • Represented the directors of Bellzone Mining plc in an application to wind up the company in Jersey and subsequent processes.
  • Represented Abu Dhabi Commercial Bank, which was prosecuted for the offence of intermeddling under the Probate (Jersey) Law 1998.
  • Represented a secured lender in a Jersey bankruptcy process known as "dégrèvement".
Leading individuals

John Kelleher - Carey Olsen

Marcus Pallot - Carey Olsen

William Grace - Carey Olsen

Next Generation Partners

Jeremy Garrood - Carey Olsen

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Employment
Employment - ranked: tier 1

Carey Olsen

Carey Olsen’s employment practice provides a full-service offering covering both contentious and non-contentious issues. Siobhan Riley and Huw Thomas are highly sought-after by businesses on island, including global banks, for advice on outsourcing arrangements, market entries and executive exits, as well as representation in tribunal cases such as constructive dismissal claims. Data protection in the employment context and pensions are further areas of expertise.

Practice head(s):Siobhan Riley; Huw Thomas

Testimonials

'Carey Olsen is always available when needed and is very thorough. The team goes that extra mile to assist in sometimes very complex situations'

'A proactive and engaging firm'

'Siobhan Riley is very thorough, especially in complex situations'

Leading individuals

Huw Thomas - Carey Olsen

Siobhan Riley - Carey Olsen

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Family
Family - ranked: tier 2

Carey Olsen

As one of the few global firms in Jersey to have an established family law practice, Carey Olsen is well-placed to act on the family law issues contained within wider trust matters for the firm’s broader client pool of HNWIs, international private clients and high-profile individuals in the domestic finance industry. Common mandates include advising on pre- and post-nuptial agreements, acting on high-value divorce proceedings and spousal maintenance disputes and handling relationship breakdowns of beneficiaries and the subsequent financial issues. Senior associate Lauren Glynn recently joined the team as the team’s dedicated family law specialist.

Practice head(s):Marcus Pallot

Other key lawyers:Lauren Glynn

Testimonials

'The team provides professional advice throughout lengthy and sometimes challenging legal disputes. Always courteous and responds to queries in a timely fashion'

'You always feel that you are receiving the very best legal assistance available'

'Lauren Glynn is genuinely sympathetic and fully committed to providing nothing but total professionalism to achieve the desired outcome'

Rising stars

Lauren Glynn - Carey Olsen

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Investment funds
Investment funds - ranked: tier 1

Carey Olsen

Carey Olsen advises top-drawer asset managers on private listed and hedge funds, including the global zenith of the market, having advised the flagship for Jersey's private equity industry in the shape of the SoftBank Vision Fund. James Mulholland and Robert Milner, who have expertise in working with REITs and blind-pool private funds, head the team, with the 'technically astute' Daniel O’Connor also having relationships with key European managers investing in various asset classes. Christopher Griffin also has hedge and private equity fund expertise. Claire Le Quesne is a well-regarded counsel.

Practice head(s):James Mulholland; Robert Milner

Other key lawyers:Daniel O'Connor; Claire Le Quesne

Testimonials

'The team are always available, and listen carefully before providing efficient and effective advice and solutions. Clients have direct access to their partners and associates and develop an add-value relationship which has contributed to the success of their businesses.

'Technically strong but also nice people to work with.'

'James Mulholland and his team act for some of the biggest clients in the real estate funds space and have an excellent working knowledge of the latest structuring trends and market practice.'

'Daniel O'Connor is technically astute with a commercial and practical approach to business - he is consistently supportive throughout the fundraising process.'

'Robert Milner is very calm and very responsive.'

'Claire Le Quesne is very capable and knowledgable.'

Key Clients

Apollo Global Management

The Blackstone Group

Nordic Capital

SoftBank

Cheyne Capital

KKR

BlueCrest

Systematica

Rokos Capital

Altis

Work highlights

  • The firm continues to advise the SoftBank Vision Fund, at $100bn the world's largest investment fund, with one partner sitting on the board of the fund's general partner.
  • Advised Nordic Capital on creating a new buy-out fund, Nordic Capital Fund IX, which raised €4.3bn while oversubscribed by 23%.
  • Advised Capvis on forming and closing Capvis Equity V, which raised €1.2bn, exceeding its €1bn target.
  • Advised Techemy Capital on the creation of a Jersey Private Fund to invest in digital assets, such as initial coin offerings and Etherium, as well as related businesses.
Leading individuals

Christopher Griffin - Carey Olsen

Daniel O'Connor - Carey Olsen

James Mulholland - Carey Olsen

Robert Milner - Carey Olsen

Rising stars

Claire Le Quesne - Carey Olsen

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Private client, trusts and tax
Private client, trusts and tax - ranked: tier 1

Carey Olsen

Carey Olsen has an extensive team of highly-regarded trust lawyers, who are routinely praised by an enviable client list of trustees, family offices and ultra-high-net-worth individuals. The firm’s offering covers the gamut of the area, with expertise in structuring and restructuring commercial and private trusts, foundations, family offices and not-for-profit organisations. Professionals such as Siobhan Riley, Stephen Fitzgerald, Keith Dixon and Alexa Saunders regularly advise on succession, pension and estate planning and the associated regulatory and compliance matters. Semi-contentious issues such as Royal Court applications for transaction set-asides and regulatory investigations are routinely handled by Andreas Kistler, with counsel Victoria Connolly a rising star in this field. Paul Matthams has retired from private practice and is now at wealth manager Stonehage Fleming.

Practice head(s):Siobhan Riley

Other key lawyers:Stephen Fitzgerald; Andreas Kistler; Keith Dixon; Alexa Saunders; Victoria Connolly

Testimonials

'The team provides a responsive service and has a good level of attention to detail'

'The team is forward thinking and comfortable with considering various options to reach the best solution for the client'

'Keith Dixon is very good'

'Keith Dixon is diligent, highly knowledgeable and is always willing to go the extra mile for his clients'

'The team is responsive and willing to take on a challenge'

'A team of highly experienced lawyers with significant depth'

'Victoria Connolly's technical knowledge is excellent and she can distill complex matters into clear and concise client advice'

'Siobhan Riley is a driven, technical expert'

'Alexa Saunders is a pleasure to work with; responsive and pragmatic'

Leading individuals

Andreas Kistler - Carey Olsen

Siobhan Riley - Carey Olsen

Next Generation Partners

Alexa Saunders - Carey Olsen

Keith Dixon - Carey Olsen

Stephen Fitzgerald - Carey Olsen

Rising stars

Victoria Connolly - Carey Olsen

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Jersey: Dispute resolution

Regulatory and White-collar
Regulatory and White-collar - ranked: tier 1

Carey Olsen

Carey Olsen has a dedicated regulatory and white collar disputes team as part of its full-service offering to an extensive list of international corporate clients. William Grace is a leading figure in the field and is often sought-after by regulated businesses to advise on money laundering, proceeds of crime and sanctions matters, as well as regulatory investigations, including ones concerning alleged insider trading. The team has expertise in mutual legal assistance and regulatory appeals. Marcus Pallot has experience of gambling regulation, among other matters.

Practice head(s):Marcus Pallot

Other key lawyers:William Grace

Testimonials

'Carey Olsen's knowledge of regulatory law is first-class'

'Carey Olsen provides advice which is commercial and pragmatic'

'The team has depth of knowledge of regulatory law'

'John Kelleher, Guy Coltman and William Grace are unrivaled in their experience'

'William Grace has a no-nonsense approach to resolving matters'

'William Grace's knowledge of regulatory law is second to none. He is extremely thorough yet provides concise advice that is solutions-driven'

Key Clients

Abu Dhabi Commercial Bank

US Government

Butterfield Bank

Work highlights

  • Acting for the US government on the enforcement of a financial order in a criminal proceeding and a mutual legal assistance request.
  • Represented Abu Dhabi Commercial Bank in a prosecution for intermeddling.
  • Instructed to appeal a decision by the Jersey Competition and Regulatory Authority.
Leading individuals

William Grace - Carey Olsen

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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 ‚Äď 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 ‚Äď 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 ‚Äď 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 ‚Äď 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.