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Carey Olsen

PO BOX 98, CAREY HOUSE, LES BANQUES, ST PETER PORT, GY1 4BZ, GUERNSEY
Tel:
Work 01481 727272
Fax:
Fax 01481 711052
Email:
Web:
www.careyolsen.com

Ben Morgan

Tel:
Work 01481 741557
Email:
Carey Olsen

Work Department

Corporate; finance; investment funds.

Position

Ben is head of the corporate and finance group in Guernsey and has significant experience in investment funds and corporate law gained from practising with Carey Olsen.Ben advises on the formation of all types of alternative investment funds including hedge funds, property funds and private equity funds as well as banking and finance transactions. He acts for a large number of the well-known private equity fund managers and is recognised as one of the most prominent investment funds lawyers in the Channel Islands by the Legal Media Group’s ‘Expert Guide’ on investment funds.Ben was listed in the International Who's Who Legal of Private Funds Lawyers in 2014. Ben is also a member of Carey Olsen LLP which is the firm's London office.

Career

Qualified as English Solicitor 1992; Norton Rose, Moscow; joined Carey Olsen 1999; advocate 2003; partner 2003.

Languages

French.

Member

Law Society.

Education

Elizabeth College, Guernsey; Lancaster University (LLB); College of Law, Chester (Law Society Finals).


Guernsey

Banking and finance

Within: Banking and finance

The ‘outstanding’ team at Carey Olsen ‘is always available and willing to discuss issues in a wider context to achieve the best solutions for all parties involved’. Representing a significant portion of the world’s leading banks, with a strong expertise in the listing of debt on The International Stock Exchange (TISE), the group is led by Ben Morgan and Andrew Boyce, whose ‘advice is at a very high standard’. In recent highlights, David Crosland acted for Canaccord Genuity in the acquisition financing for the purchase of Hargreave Hale, and the ‘extremely responsive and user-friendlyTom Carey advised Permira as borrower under a multi-currency revolving facility agreement on the granting of related security. On the junior level, senior associate Vaishali Gupta supported Boyce to guide a major bank through its lending to funds managed by leading European private equity firms. Also notable are the ‘technically excellent and very commercialAnnette Alexander and Anthony Lane.

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Corporate and M&A

Within: Corporate and M&A

Carey Olsen ‘is the stand-out firm in the Channel Islands’ in the field of corporate and commercial law, and clients particularly rate the ‘extremely responsive and user-friendlyTony Lane, Annette Alexander and Tom Carey, who jointly heads the team with Ben Morgan. In recent highlights, NYX Gaming appointed the team to advise on its recommended takeover by Scientific Games via a scheme of arrangement, and longstanding client Bushveld instructed Lane to oversee its acquisition of a 55% interest in Vametco from Yellow Dragon and the separation of its tin mining assets from the main group. Andrew Boyce handled a minority recapitalisation matter on behalf of an independent global asset manager, and a corporate restructuring transaction. Senior associate James Stockwell is also a key contact.

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Investment funds

Within: Leading individuals

Ben Morgan - Carey Olsen

Within: Investment funds

Carey Olsen has ‘a number of highly experienced lawyers’ and ‘has built up a significant knowledge of Guernsey funds and offshore funds in general’, making it 'undoubtedly the "go-to" firm for offshore funds work', according to one client. Clients engage Ben Morgan's team to oversee private equity fund formations across a wide range of asset classes, as well as to handle financing mandates. Morgan and Tom Carey are 'both very experienced, responsive and approachable' and 'understand the current regulatory and market landscape'. In recent highlights, the 'excellentAnnette Alexander acted for Octopus Healthcare in the initial fund raise of £82m for its latest institutional fund. Also notable is Andrew Boyce, who recently assisted Blue Water Energy on the $1.1bn final closing of its BWE Fund II. Christopher Anderson is also a key name to note for work pertaining to insurance, investment funds and incorporated cell companies.

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Legal Developments by:
Carey Olsen

  • Guernsey and Jersey issue draft Guidance Notes for FATCA-based reporting

    On 31 January 2014 the Crown Dependencies of Guernsey and Jersey jointly issued draft Guidance Notes (in conjunction with the Isle of Man) on the implementation of obligations arising under the  intergovernmental agreements ("IGAs") signed by each island with the UK in October 2013 and  with the US in December 2013. The draft Guidance Notes, as currently published, are substantially the same for each island, subject to certain island-specific differences. The current draft is to be to be regarded as a work in progress and the views of local industry in each island are being sought.
    - Carey Olsen

Legal Developments in Guernsey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • In re B; B v T (Court of Appeal, 11 July 2012)

    A trustee's duty of confidentiality has recently been discussed and to some extent clarified in the recent Guernsey Court of Appeal decision of In re B; B v T (Court of Appeal, 11 July 2012). This summary has been prepared to provide you with a summary of the case as well as the general issues raised, but is not intended to cover all matters or to provide commentary.   This summary does not constitute legal advice.
  • The Company Administration Regime in Guernsey

    Introduction 
  • Guernsey Image Rights Legislation

    The Image Rights (Bailiwick of Guernsey) Ordinance 2012 (the Ordinance) and The Image Rights (Bailiwick of Guernsey) Regulations, 2012
  • Guernsey Foundations

    The Foundations (Guernsey) Law, 2012 (Law) is awaiting Royal assent, expected to be given by the end of the year or early next year. Whilst Guernsey is not the first jurisdiction to provide for foundations, the Law does provide a number of unique options for individuals wishing to take advantage of the benefits provided by foundations. The purpose of this note is to provide both a general summary of the features of a Guernsey foundation, as well as a summary of these unique options that will be available under the Law.
  • Competitive Guernsey

    Guernsey has been considering the introduction of local competition law since at least 2005 and by bringing into effect The Competition (Guernsey) Ordinance, 2012 on 1 August 2012, has introduced an effective Competition Law regime, to regulate the same 3 core areas recognized in most competition regimes, namely the abuse of a dominant position, anti-competitive arrangements, and mergers and acquisitions.
  • Foundations in Guernsey

    On 25 July 2012 the States of Deliberation, Guernsey’s parliament, approved the project de loi The Foundations (Guernsey) Law, 2012 (the “Law”). Subject to Privy Council approval, the Law is expected to come into force in late 2012 or early 2013. This note is a brief summary of certain features of the new Law.
  • Friendly Rivalry? The Competition Laws of the Channel Islands

    • New Competition Law for Guernsey in force on 1 August 2012 • Jersey and Guernsey now both regulate the abuse of a dominant position, anti-competitive arrangements, and mergers and acquisitions • Key differences between the islands' competition laws • Overall, a pan-Channel Island approach to regulation
  • Making a will in Guernsey May 2012

    On 2 April 2012 The Inheritance (Guernsey) law 2011 came into force which has replaced Guernsey’s forced heirship regime with a system of full testamentary freedom (accompanied by family and dependent provisions).
  • Listing Specialist Securities on the Channel Islands Stock Exchange

    The Channel Islands Stock Exchange LBG ("CISX") began its operations in October 1998. It is based in St Peter Port, Guernsey and provides a listing facility and bespoke trading platform.
  • Image rights laws to be introduced in Guernsey

    “Image is everything” - Andre Agassi once famously declared in an advert for camera brand, Canon.