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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

William Grace

Tel:
Work +44 (0)1534 822361
Email:
Web:
www.careyolsen.com/people/william-grace
Carey Olsen

Work Department

Litigation banking; litigation commercial; fraud.

Position

Partner advising Jersey’s finance industry and international clients on financial services-related disputes, whether civil, criminal, regulatory or a combination. This includes advisory work and advocacy. His specific experience is in money laundering (including corruption), disputes in the banking, trusts and funds sectors, sanctions, production orders, insider dealing, reporting duties, asset recovery, reciprocal enforcement and international mutual assistance generally. He places particular emphasis on working alongside clients and their in-house lawyers/compliance staff and other external advisers to implement risk-management-based solutions to disputes in the regulated sector. He is experienced in politically sensitive and complex matters involving multiple legal issues and jurisdictions. He often advises on higher risk business in the financial services regulated sector, whether that is in client take on, transactional support or M&A support.

Career

Trained England; qualified as an advocate of the Royal Court of Jersey 1999; previously partner at another Jersey law firm; joined Carey Olsen 2002; partner 2006.

Member

He is a member of the Royal Court Rules Committee advising and assisting the Royal Court with its rule-making capacity.


Jersey

Dispute resolution

Within: Leading individuals

William Grace - Carey Olsen

Within: Dispute resolution

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.

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Jersey: Dispute resolution

Regulatory and White-collar

Within: Leading individuals

William Grace - Carey Olsen

Within: Regulatory and White-collar

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.

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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 – 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.