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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
Carey Olsen, Marcus Pallot, St Helier, JERSEY

Lawyer rankings

Marcus Pallot

Tel:
Work 01534 822427
Email:
Carey Olsen

Work Department

Dispute Resolution and Litigation 

Position

Marcus’ practice area covers three main areas: insolvency; regulatory; and big ticket breach of trust civil litigation.

In the insolvency arena, Marcus' reputation as a leading practitioner has been established on the back of a series of successful, innovative applications which have expanded the reach of Jersey's insolvency laws.  In particular he is renowned for his ability to persuade the court to exercise its discretion to permit novel processes to be adopted as part of Jersey law so as best to serve the needs of his clients.  Notably, he succeeded in persuading the Royal Court that it could use powers under the Just & Equitable jurisdiction to permit what was a Pre-pack Administration in circumstances where administration itself is not a remedy known to Jersey law.

Marcus also represented the Jersey Financial Services Commission in the matter of JFSC v Black.  As a result of a series of successful matters acting for regulated entities involved in actual or threatened proceedings with the JFSC, he now acts on the side of regulated entities and individuals.  He successfully acted for a regulated trust company in defending an application by the JFSC that a series of unit trusts under their stewardship be placed into a court ordered liquidation.  In addition, he is regarded as the lawyer of choice for the majority of the island's larger banking groups on regulatory issues, both in terms of disputes and non-contentious advisory work.

Marcus leads the eGaming team and has been advising clients since the inception of the eGaming industry. He is fully conversant with the various licensing and gambling laws and can provide company formation, licensing and regulatory advice as well as assisting on full migrations of existing businesses. Carey Olsen can also provide ongoing legal support through its related practices.

By far the largest area of Marcus' work is his significant breach of trust civil litigation practice. He has recently been involved in a very significant breach of trust matter involving catastrophic loss of trust fund monies where his client's position was protected and settlement effected by insurance pay outs, where coverage was denied and where his client's contribution was a tiny percentage of that contributed by other parties.  He has also represented Equity Trust in the long running matter of Barclays Wealth Trustees & anr v Equity Trust Jersey Limited & anr, a matter that remains ongoing.  As a result of this work he has a reputation as a punchy and aggressive lawyer and advocate, who is passionate about his work and extremely hard working and diligent. 

Career

Marcus joined the firm in 2001, having previously practised as a Barrister in the Royal Navy. He was called to the English Bar at Middle Temple in 1997 and he was called to the Jersey Bar in 2004 and the BVI bar in 2015. 

Languages

French.

Education

University of Birmingham; Inns of Court School of Law.


Jersey

Dispute resolution

Within: Leading individuals

Marcus Pallot - Carey Olsen

Within: Dispute resolution

Carey Olsen is ‘at the forefront of dispute resolution in Jersey’ thanks to its ‘enormously experienced and talented’ team. Known for his ‘great legal brain and silky advocacy’, John Kelleher spearheads the six-partner offering, which recently welcomed counsel Michael Goulbourn from First Names. The ‘authoritative, precise and clearWilliam Grace advised the United States government on Jersey law issues pertaining to the enforcement of a financial order in criminal proceedings; Jeremy Garrood is currently representing Investec as the senior secured creditor in enforcement and insolvency proceedings against the Jersey interest of a high-net-worth individual; and Marcus Pallot, who ‘has extremely good tactical awareness’, continues to act for Faircliff Property in the recovery of fraud losses. Other notable contacts include ‘excellent advocateRichard Holden, the ‘user-friendlyAndreas Kistler and Stephen Fitzgerald, who can ‘get to grips with an issue in a frighteningly short amount of time’.

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