The Legal 500

Carey Olsen

47 ESPLANADE, ST HELIER, JE1 0BD, JERSEY
Tel:
Work 01534 888900
Fax:
Fax 01534 887744
Email:
Web:
www.careyolsen.com
Tortola, St Peter Port, St Helier, London, Grand Cayman, Cape Town

Guy Coltman

Tel:
Work 01534 822289
Email:
Carey Olsen

Work Department

Corporate and commercial; M&A; finance.

Position

Guy has worked on a number of high-profile transactions during his career in respect of UK and cross-border M&A and private equity transactions. He has a particular focus at Carey Olsen on corporate finance (particularly AIM and main-market listings of Jersey companies), mergers and acquisitions, corporate restructuring, structured investments, joint-venture vehicles and general corporate advice. He has acted on a number of financing transactions involving Jersey property unit trusts and general banking work. In terms of mergers and acquisitions, his work includes advising Capita Fiduciary Group Ltd on its purchase of AIB’s Jersey business on a full cash, debt free basis; advising Terra Firma on its acquisition of leading independent health and social care provider in the UK, Four Seasons Health Care; and advising Europe’s largest bicycle manufacturer Accell Group NV on the Jersey legal aspects of its US$100m acquisition of Raleigh Cycle Ltd. He has also recently acted for a number of high profile Jersey acquisitions by way of schemes of arrangement, including advising CPA Global Group on its acquisition by Cinven in a deal valued in the region of £950m and Colfax UK Holdings Ltd on its acquisition of Charter International plc in a deal that is believed to be the largest transaction of its kind in Jersey with an estimated value of $2.426bn in cash and stock (approx £1.528bn). IPO work has included the first listing of PRC assets held by a Jersey company on the Hong Kong Stock Exchange (West China Cement). Guy also regularly acts for Nordic Capital in respect of acquisitions, financing and fund structuring. Guy also recently completed the complex acquisition by way of scheme of arrangement in Jersey to date when he acted for FRM Holdings on its acquisitions by MAN Group.

Career

Qualified as a solicitor in England and Wales. Formerly worked at Skadden, Arps, Slate, Meagher & Flom (UK) LLP and latterly with another law firm in Jersey. Joined Carey Olsen 2006; partner 2009.

Education

McGill University, Montreal; Cambridge University.

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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

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  • 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.
  • Introduction of Limited Liability Partnerships in Guernsey

    In response to increasing demand for limited liability partnership structures in Guernsey, and following the successful adoption of such structures in other jurisdictions, the States of Guernsey have recently approved draft legislation which introduces limited liability partnerships to Guernsey (the "LLP Law"). The draft law is expected to receive Royal Assent and come into force prior to July
  • Modified Universalism - The Guernsey Perspective

    The Royal Court has recently given clear guidance on the application of the principle of modified universalism to insolvency matters in Guernsey. The case of EFG Private Bank (Channel Islands) Ltd v. BC Capital Group (in liquidation) & Ors [34/2013] will have significant consequences for crossborder insolvencies with a Guernsey element, as it sets out for the first time the principles which the Royal Court should consider when assessing the nature and extent of its obligation to provide "active assistance" to foreign insolvency proceedings.
  • Implications of FATCA for Cayman Islands entities

    FATCA or the Foreign Account Tax Compliance Act, is actually a section of the Hiring Incentives to Restore Employment (HIRE) Act passed into United States law in March 2010, that comes into force on 1 July 2014. It is unique in its extra-territorial reach, being an attempt to force financial institutions ("FIs") worldwide to report on their U.S. tax resident accountholders and imposing sanctions for non-compliance. The starting point is that all nonU.S. FIs should be forced to register with and identify their U.S. tax resident accountholders to the IRS or face a 30% withholding tax on gross payments from U.S. payors. Read more...
  • Investec Trust (Guernsey) Limited v Glenalla Properties Limited and Rawlinson and Hunter Trustees

    The Plaintiffs as the former trustees (the "Former Trustees") of the Tchenguiz Discretionary Trust (the "Trust"), a trust governed by Jersey law, brought proceedings in the Guernsey Royal Court under Section 69 of the Trusts (Guernsey) Law, 2007 ("TGL") inter alia for declarations against four British Virgin Island companies (the "BVI Companies") which were creditors of the Former Trustees pursuant to loan arrangements. The declarations sought by the Former Trustees were to the effect that the Former Trustees' liability to the BVI Companies was only as trustee and that the claims could only be enforced against the Former Trustees to the extent that they held assets of the Trust available to satisfy these demands. Read more...
  • AIFMD Update - January 2014

    Read more...
  • New security law provides enhanced benefits to creditors

    The new Security Interests (Jersey) Law 2012 which came into force on 2 January 2014 provides a new regime for the creation and registration of security interests over shares and other intangible movable property situate in Jersey. Read more...
  • Guernsey Launches Aviation Registry

     
  • Cayman Islands and the United States sign FATCA IGA

     
  • Taxation (Exchange of Information with Third Countries) (Amendment No.7) (Jersey) Regulations 2008