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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

Kate Andrews

Tel:
Work +44 (0)1534 822293
Email:
Carey Olsen

Work Department

Banking and Finance, Corporate, Investment Funds, Structured Finance and Securitisation

Position

Kate is a committed lawyer with excellent technical skills and strong client relationships. She advises on a broad range of finance transactions and her clients include private equity sponsors, banks and alternative capital providers, and large and small corporates.

Kate has over 20 years' experience specialising in complex acquisition finance transactions including advising on the Jersey elements of private placements and high yield bond issuances. Kate has a significant NY-led fund finance practice and also advises on financial restructurings.

Kate's recent transactions include advising:

  • a private equity sponsor on the acquisition of European logistics business
  • a private equity sponsor on the acquisition of a significant loan portfolio
  • a Korean pension fund in relation to the acquisition of various UK commercial properties
  • the lenders in relation to financing the acquisition of a leading intellectual property technology company
  • a private equity sponsor in relation to the acquisition of a fund and corporate service provider
  • the lenders in relation to financing the acquisition of a financial services company
  • the secured party in relation to enforcement of Jersey law security
  • a peer to peer lender on numerous secured transactions

Career

Clifford Chance in London; White & Case before joining Norton Rose; Joined Carey Olsen in 2013 and became Jersey advocate in 2016.


Jersey

Banking and finance

Within: Banking and finance

Carey Olsen ‘is the leading finance practice in Jersey’, known for its ‘consistently considered and commercial advice’, according to one client. ‘Sensible, responsive and commercial’ team leader Robin Smith ‘is always a pleasure to work with’ and recently acted for a major transnational bank in a high-value term loan facility to a borrower group structure comprising over 30 Jersey and Guernsey companies. The department has also recently handled significant ring-fencing mandates and fund financing work, and NewRiver appointed the team to advise on £430m of unsecured facilities from a syndicate of lenders including Barclays, HSBC and Santander. Clients also praise Kate Andrews and Peter German as ‘user-friendly and proactive’. The group recently made several hires, including counsel Michael Evans from Ogier and senior associate Laura McConnell from Bryan Cave Leighton Paisner LLP.

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Structured finance and securitisation

Within: Leading individuals

Kate Andrews - 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 responsive’ Kate 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: