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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

Simon Marks

Tel:
Work 01534 822252
Email:
Carey Olsen

Work Department

Banking and Finance, Corporate, Structured Finance and Securitisation

Position

Simon specialises in debt capital markets, high yield, securitisation and structured finance transactions for clients which include global investment banks, private equity groups and issuers. Simon has worked on numerous high yield bond issuances with the leading law firms in London and New York and has been involved in the Jersey elements of several credit card securitisation structures. Simon has also advised on the Jersey elements of a significant number of credit linked notes which are issued as part of synthetic securitisation structures. Simon advised the States of Jersey with its debut bond issuance in 2014 and also assisted with the subsequent listing of the securities on The International Stock Exchange.

He has acted in relation to a number of cashbox transactions relating to equity placings and the issue of convertible bonds by UK plcs and Jersey incorporated issuers. Simon has experience of restructuring securitisation and structured finance structures. Simon has extensive experience with listing specialist debt securities on The International Stock Exchange including the listing of high yield bonds, credit-linked notes and variable funding notes on the exchange.

 In 2017 Simon's team at Carey Olsen listed more securities than any other sponsor. Simon has also been involved with a number of legislative proposals in Jersey.

Career

Trained Linklaters; qualified as Solicitor 2001, the Supreme Court of England and Wales; Milbank Tweed; Advocate, the Royal Court of Jersey 2009; Carey Olsen 2006; partner 2010.

Member

Jersey Law Society Financial and Commercial Law Sub-Committee

Education

Victoria College, Jersey; Clare College, Cambridge (MA (Hons) Law).


Jersey

Structured finance and securitisation

Within: Leading individuals

Simon Marks - Carey Olsen

Within: Structured finance and securitisation

The ‘stand-out’ team at Carey Olsen handles the full gamut of transactions, including commercial mortgage-backed securities, master trusts, sovereign bonds, and synthetic and whole-business securitisations. Known to clients as ‘professional, knowledgeable, helpful, commercially sensible and user-friendly’, the group was recently instructed by a financial services provider to oversee an issuance out of a credit card master trust programme involving a receivables trust for which a Jersey company acts as trustee. Practice head Simon Marks ‘is a market leader in Jersey’ and led the advice to two major international banks with regard to separate synthetic securitisation transactions where a Jersey SPV acted as issuer of credit-linked notes pertaining to an underlying portfolio of bank assets. The ‘very responsiveKate Andrews and her ‘outstanding team’ acted for a financial services company in an equity issuance using a cashbox structure. Also notable are senior associates Ashley Morrison and Matthew Ecobichon.

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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
  • Jersey Opens the door to QROP’s

    Jersey opens the door to QROPs
  • Jersey Legislation Overview

    Jersey Legislation Overview
  • Civil Liability for Breaches of the Codes

    Civil Liability for Breaches of the Codes
  • 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: