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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

With a heritage that dates back to 1898, Carey Olsen is one of the most established and distinguished offshore law firms. It delivers exceptional services to its clients from the key offshore financial centres of Bermuda, the British Virgin Islands (BVI), the Cayman Islands, Guernsey and Jersey. It also has an established presence in Cape Town, Hong Kong, London and Singapore. It is consistently the firm of choice for clients and their advisors who are looking for the highest levels of service.

The firm: The firm offers a partner-led approach. It employs 450 people and its 50-plus partners head up a total complement of 235 lawyers. It provides legal services in relation to all areas of corporate and finance law, investment funds, trusts and private wealth, dispute resolution and property law.

The firm works with an extensive range of clients, including many of the world's leading banks, insurance companies, investment funds, private equity houses, real estate firms, sovereign wealth funds, publicly listed companies, ultra-high net worth individuals and governments. The firm is often instructed by or works alongside leading legal and other professional advisers on complex international transactions and cases.

Carey Olsen is the largest law firm in Guernsey and in Jersey, with more Tier 1 practice area rankings than any other firm.

Types of work undertaken: The firm offers a comprehensive range of legal services for all aspects of corporate/transactional, dispute resolution and private client work.

Its primary transactional legal services include: banking and finance; corporate and commercial; employment, pensions and incentives; commercial property; insolvency and restructuring; insurance; intellectual property; investment funds and private equity; mergers and acquisitions; regulatory and financial crime; and trusts and private wealth.

The firm's dispute resolution and litigation group represents clients on the full spectrum of contentious, semi-contentious and advisory work in both a domestic and international context. Together with commercial litigation services, its practice offers focused advice on banking and finance, corporate disputes, contentious trusts, restructuring and insolvency, regulatory and financial crime.

The firm's private clients rely upon it for services that include estate planning, residential property, wills and inheritance.

  • Number of Jersey partners: 20
  • Number of Jersey fee-earners: 105

Above material supplied by Carey Olsen.

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.