The Legal 500

Carey Olsen

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

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 recent purchase of AIB’s Jersey business on a full cash, debt free basis; advising Terra Firma on its recent 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.

Practice Areas

Corporate and commercial; Corporate finance; M&A

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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
  • 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...
  • Continuing obligations for BVI private and professional funds

    A summary of the on-going obligations for BVI private and professional funds.  Read more...
  • Cayman Islands introduces third party rights legislation

    The Cayman Islands government has today implemented the Contracts (Rights of Third Parties) Law, 2014, which provides a statutory framework permitting contracting parties to allow persons who are not party to contracts governed by Cayman Islands law, but who are expressed by the terms of the contract as benefiting under it, to enforce provisions of the contract.   Read more...