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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

Siobhan Riley

Tel:
Work 01534 822355
Email:
Carey Olsen

Work Department

Trusts and Private Wealth

Position

Siobhan is the head of Jersey's Trusts & Private Wealth group and acts for many Channel Islands based trust companies, advising on issues relating to the establishment and operation of private and commercial trust structures. She also acts for a number of private trust companies, family offices and high net-worth individuals and is regularly instructed by lawyers around the world to advise on matters of Jersey trust law. Siobhan also advises on operational issues for local financial services businesses, including employment and outsourcing arrangements.

Siobhan is a frequent speaker at conferences and seminars on trust and employment law and writes articles for industry journals. She was a member of the Jersey Finance working group reviewing the promotion of Jersey as a centre for philanthropic structures. 

Siobhan is included in the Citywealth IFC Power Women Top 200, which recognises leading and influential women in government, private wealth, private client advisory and philanthropy across international financial centres. She is also consistently recognised as a leading individual by Legal 500 and Chambers and Partners.

Career

Siobhan joined Carey Olsen in 1996. She qualified as an advocate of the Royal Court of Jersey in 1998. Partner Carey Olsen 2009.

Education

Bristol UWE (LLB Hons).


Jersey

Employment

Within: Leading individuals

Siobhan Riley - Carey Olsen

Within: Employment

Carey Olsen ‘can easily hold its own against competitors in the employment field’. Practice head Siobhan Riley led the advice to a leading accountancy practice with regard to race discrimination and unfair constructive dismissal claims brought against it and an individual within the company. A major international bank appointed ‘engaging and swift’ counsel Huw Thomas, who ‘never disappoints’, to collaborate with the corporate team to advise on the employment aspects of its sale, including specific issues pertaining to the transfer of senior executives. He also continues to work alongside associate Tarina Le Boutillier to advise a major infrastructure asset owner and operator on a range of union, data protection and industrial relation disputes before the Employment Tribunal. Other notable highlights included handling a subject access request dispute, restructuring and pension issues with regard to ring-fencing proceedings for banking clients, and senior executive exits.

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Private client, trusts and tax

Within: Private client, trusts and tax

Carey Olsen fields a ‘strong team with a tight grip on the issues involved and always provides forward-thinking, practical solutions’; ‘the attitudes held by the firm and its practitioners are a comfort that any expectations of a high-quality service will be met’. The ‘professionalAndreas Kistler ‘goes the extra mile’ and represented the minor and unborn beneficiaries of two trusts in an application to the Royal Court for the widening of the class of beneficiaries to include same-sex marriages and adopted children; practice head Siobhan Riley is known for her ‘technical expertise and commerciality’ and oversaw the establishment of a private trust company for a high-net-worth individual wishing to maintain a high level of oversight. Also notable is ‘highly responsive and pragmatic’ counsel Victoria Connolly, who advised an asset management company on UK inheritance tax issues after the trustee followed incorrect counsel from their UK advisers. Also notable are Keith Dixon, Alexa Saunders and counsel Stephen Fitzgerald, who ‘is an excellent example of the quality of lawyers within the firm’.

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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
  • Modernisation of Jersey’s pensions law

    Modernisation of Jersey’s pensions law
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  • AML Update: Review of 2014 amendments to the substantive offences

    AML Update: Review of 2014 amendments to the substantive offences under the Proceeds of Crime (Jersey) Law 1999 
  • The New Charities Law - a bright new dawn

    As of Friday 21 November 2014, the new Charities (Jersey) Law 2014 (the " Law ") (or at least certain parts of it) came into effect.  This represents a quantum leap forward for Jersey in the charity field.  The Law has introduced a new test for what is charitable (the " Charity Test "), has introduced the post of a Charity Commissioner and a Charity Tribunal, and in time will introduce standards that those who run charities in the Island will have to abide by.  It is hoped that the Law will enable the Island to flourish as a centre for the administration of charitable and philanthropic structures.
  • New Managed Account Regime for Jersey Hedge Fund Managers

    An exemption which will enable Jersey-regulated fund managers to be appointed in relation to managed accounts has now been introduced.  This will enable hedge fund managers that are already regulated under the Financial Services (Jersey) Law (FS Law) in Jersey to carry out fund services business (FSB) to also service qualifying segregated managed accounts (QSMAs) without the need to seek additional regulation for the conduct of investment business under the FS Law.
  • The Security Interests (Jersey) Law 2012: Changes to Jersey's security regime

    On 2 January 2014, the Security Interests (Jersey) Law 2012 came into force in respect of Jersey law security over intangible movable property (e.g. shares/securities, bank accounts and custody assets).  The new law replaces the Security Interests (Jersey) Law 1983 (which was in force for the last three decades) and introduces a number of important changes which modernise Jersey's security regime.
  • Exclusive and Inherent Jurisdictions: to boldly go where no Court has gone before?

    On 26 November 2014, the Privy Council delivered judgment in the long-running case of Crociani & Others v. Crociani & Others [2014] UKPC 40 .  The case is of interest to trustees because it provides conclusive and binding guidance on the treatment of exclusive jurisdiction clauses in trust deeds.  However, it also raises questions as to the fundamental nature of the inherent supervisory jurisdiction of the Royal Court in connection with trust matters, and whether it is in fact broader than previously thought.
  • Accessing EU Institutional investor capital

    Luxembourg is one of the largest global investment fund domiciles, benefiting from the following factors: