The Legal 500

Carey Olsen

Work 01534 888900
Fax 01534 887744
Tortola, St Peter Port, St Helier, London, Grand Cayman, Cape Town

Mike Jeffrey

Work 01534 822370
Carey Olsen

Work Department

Corporate and commercial; M&A.


Mike specialises in public and private M&A, IPOs and general corporate and commercial law and is recognised as a leading practitioner in this area. Recent experience includes advising Henderson, Wolseley, Cape and Polymetal on their introduction of new Jersey holding companies the shares of which are listed on the main board of the LSE; Henderson on its acquisition of New Star Asset Management, including private placement of shares; Sandpiper on its code governed public takeover of CI Traders (the largest private employer in the Channel Islands); Sandpiper on its disposal of its CI pub business to LGV; State Street on its acquisition of MIFA (financial services group, HQ in Jersey); Jersey Trust Company in relation to their acquisition of Caversham; JTC on the investment by private equity firm CBPE; Sandpiper on the sale of its CI supermarket business to Waitrose; Cinven on its acquisition of parts of Aegon; Close Brothers Offshore Group on its disposal to Kleinwort Benson; Newcorp on its acquisition of Ansbacher’s Jersey trust business; Henderson on its acquisition of Gartmore; Trustcorp on the sale of its trust business to Hawksford; ET China (AIM listed) on its proposed takeover by scheme of arrangement by Kuoni; Breedon Aggregates (AIM listed) on its reverse acquisition of Breedon Holdings; Masawara and WanDisco on their IPOs on AIM. Mike was previously with the London office of the international law firm Freshfields Bruckhaus Deringer, where he was the lead associate on a number of high-profile corporate transactions. Mike is able to offer clients exceptional transactional experience and an understanding of and commitment to City service levels.


Mike is qualified in England, Scotland, Hong Kong and Jersey; he joined Carey Olsen in 2004; advocate of the Royal Court of Jersey and partner Carey Olsen 2006. Mike is also a member of Carey Olsen LLP which is the firm’s London office.

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Legal Developments by:
Carey Olsen

  • Guernsey and Jersey issue draft Guidance Notes for FATCA-based reporting

    On 31 January 2014 the Crown Dependencies of Guernsey and Jersey jointly issued draft Guidance Notes (in conjunction with the Isle of Man) on the implementation of obligations arising under the  intergovernmental agreements ("IGAs") signed by each island with the UK in October 2013 and  with the US in December 2013. The draft Guidance Notes, as currently published, are substantially the same for each island, subject to certain island-specific differences. The current draft is to be to be regarded as a work in progress and the views of local industry in each island are being sought.
    - Carey Olsen

Legal Developments in Jersey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Financial Services & Regulatory Autumn Update 2014

    In this Update, we look at some valuable lessons learned for all financial services businesses from recent JFSC examinations and investigations, as well as amendments to the Companies (Jersey) Law.    Read more...
  • V (as Administratrix of the Estate of A) v The Minister for Health and Social Services

    In this case the Royal Court of Jersey concluded that it has power under its inherent jurisdiction to sanction a compromised settlement of litigation reached by the Plaintiff, on behalf of a minor, and provided helpful guidelines in relation to what the Court would expect to see to enable the Court to sanction a settlement on behalf of a child living in Jersey.    Read more...
  • Jersey Eligible Investor Funds

    This briefing gives a summary of the key features of a Jersey eligible investor fund. Read more ...
  • Jersey companies law – amendments

    Significant changes to the Companies (Jersey) Law 1991 will come into force on Friday 1 August 2014 bringing greater flexibility to those using Jersey companies. Read more ...
  • Financial Services and Regulatory Summer Update 2014

    The aim of this Update is to focus on current legal and regulatory developments affecting financial services institutions in Jersey and to provide some brief thoughts on the implications of these developments for your business. In this Update, we look at current consultations on civil penalties and changes to the Money Laundering Order. Our Spotlight article considers changes to the tipping-off rules which are coming into effect shortly.   Read more...
  • Tantular v AG: Royal Court in Jersey provides clarification as to the impact of saisies judiciaires

    The Royal Court in Jersey has recently determined that a saisie judiciaire may not be granted over the assets of a discretionary trust merely on the grounds that the offender (or suspected offender, as the case may be) is a beneficiary. Whilst the Court acknowledged that there were some instances in which a saisie judiciaire would have an impact on a trust, in Tantular v AG [2014] JRC128, the Court held that a saisie judiciaire which froze an entire Trust, to the detriment of the other, innocent beneficiaries, would be both prejudicial and disproportionate. The Court also stressed that a beneficiary's interest in a trust and corresponding right to trust property is no more than a mere right to be considered as a recipient of benefit.  Read more...
  • Private Equity Funds made easier in the Cayman Islands

    Private equity funds are set to benefit from updates to the Cayman Islands Exempted Limited Partnership Law.  The Cayman Islands has once again shown itself to be an innovative and responsive jurisdiction in terms of providing user-friendly and practical legislation.  The Exempted Limited Partnership Law, 2014 will come as a welcome relief to an industry post-global financial crisis otherwise suffering from a severe case of "regulatory fatigue". Read more...
  • Revisions to the Cayman Islands Exempted Limited Partnership Law

    A long-anticipated overhaul of the Cayman Islands Exempted Limited Partnership Law was enacted by the Cayman Islands Government on 2 July 2014.  Changes have been introduced to simplify, clarify and add flexibility to the establishment and ongoing operation of Cayman Islands exempted limited partnerships. Read more...
  • BVI Approved Managers Regime

    The Investment Business (Approved Managers) Regulations, 2012 (the Approved Manager Regulations) provides an attractive "regulatory light" option for qualifying investment managers and advisors. The application process under the Approved Manager Regulations is generally quick and straightforward making it an appealing and popular option for both start-up and existing qualifying investment managers and advisors. Read more ...
  • CIMA introduces new director registration and licensing regime

    The Cayman Islands Government has brought into force the Directors Registration and Licensing Law, 2014 providing for the registration and licensing of individuals or companies appointed as directors of Cayman Islands mutual funds and entities carrying out securities investment business, which would include Cayman Islands incorporated or registered investment managers.   Read more...