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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

Michael Evans

Tel:
Work +44 (0)1534 822208
Email:
Carey Olsen

Work Department

Banking and Finance; Restructuring and Insolvency

Position

Michael has a broad range of experience from over 10 years in various areas of banking and finance work, having acted for a wide range of international financial institutions and borrowers on complex multi-jurisdictional bilateral and syndicated facilities, with a particular interest in leveraged finance, restructuring and insolvency and Islamic finance.

Career

Before joining Carey Olsen in 2018, Michael trained in the London and Dubai offices of Freshfields Bruckhaus Deringer LLP, qualifying into their banking team in London in 2007. Michael has also worked as a senior associate in the banking team in the Dubai office of Clifford Chance LLP and most recently in the Jersey office of a large offshore firm.

Michael has also completed a number of secondments to funds and financial institutions in London and the Middle East.


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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Corporate and commercial

Within: Corporate and commercial

Carey Olsen's enviable client base includes names such as Sanne, Stonehage Fleming and Janus Henderson Group. Guy Coltman was instructed alongside the firm’s banking department to advise Delphi Automotive on the spin-off of its Powertrain Systems segment into a new publicly traded entity with support from counsel David Allen, who has experience in scheme of arrangement matters. On the transactional front, the ‘very responsive and commercial’ James Willmott acted on the buyer side of Sandpiper CI’s acquisition of a chain of Costcutter-branded convenience stores in Jersey, and advised Cape on the Jersey aspects of its proposed multi-million-pound takeover by a subsidiary of Altrad Investment Authority with help from senior associate Katherine Tresca. Clients also engage Alex Ohlsson and the firm’s real estate outfit to handle high-value property transactions. Counsel Michael Evans, who recently joined the team from Ogier, is another key name to note, alongside senior associate David Taylor. Paul Burton joined Maples and Calder's newly opened Jersey office in September 2018.

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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: