Carey Olsen's 'responsive, commercial and practical' team is particularly active for banks, and is on the panels of a majority of leading names in the space. Practice head Robin Smith, in addition to dealing with trophy asset deals, regularly advises RBS International, and also handles fund finance work. Kate Andrews has restructuring expertise on top of her activity in the offshore legs of UK real estate finance transactions - an area where Peter German utilises his expertise on trophy London assets and more unusual properties. Below partner level, Fiona Dalton is a key counsel, and David Patterson and Rebecca McQuillan are two key promotions to senior associate, joining the 'excellent' Laura McConnell.
Banking and finance in Jersey
Other key lawyers:
‘They are responsive, commercial and proactive.’
‘A great team – responsive, knowledgeable, commercial, efficient. Very easy to work with and popular with clients.’
‘Kate Andrews is excellent, she really gets what her role is and gives crisp advice.’
‘Peter German is my go-to partner in Jersey and he has excellent associate support.’
‘Robin Smith is the stand-out Jersey banking and finance lawyer in our opinion and is very much our go-to person.’
‘Fiona Dalton is pragmatic, commercial and very user friendly.’
Ad hoc group of bondholders of Vieo B.V.
Royal Bank of Scotland International (Jersey)
- Advised bondholders on the restructuring of bonds issued by Vieo B.V, the holding company of Lebara Group.
- Acting as counsel for Royal Bank of Scotland International in respect of hundreds of millions of Euro-denominated facilities, both syndicated and non-syndicated, to private equity funds.
Mourant has a finance practice that covers a full spectrum of work across types of lending and different participants in the marketplace. Gareth Rigby and James Hill both handle key real estate work, with Rigby also advising key names in private equity. Mark Chambers is active in fund finance on both the borrower and lender side. Robert Hickling is also active in the fund finance space, including advising some hedge funds, as is Paul Martin. Jon Woolrich has a broad practice financing all matters of assets from securitisations to private equity deals. Simon Gould is a notable name for financial services regulation, as is 2020 partner promotion Sarah Huelin. Iain Millar , James Daniel and Neil McCarroll are key counsels.
Other key lawyers:
‘Responsive, technically excellent, commercial and pragmatic, swift turnarounds, value for money, always go above and beyond for my clients. My go to law firm in Jersey and Guernsey.’
‘Paul Martin is an excellent leader, commercial, technically strong, great with clients and always delivers.’
‘Sam Malpass is technically strong and pragmatic, always helpful and efficient.‘
Greystar Real Estate Partners
China Investment Corporation
Wells Fargo Bank
Invesco Real Estate
M7 Real Estate Limited
Battersea Project Holding Company Limited
Standard Life Investments
- Advised Citibank in respect of the £71m refinance of 25 Copthall Avenue, a multi-let mixed use (office and retail) property in the City of London.
- Advised Nigeria Sovereign Investment Authority on the restructuring of the Seven Energy group.
- Advising Morgan Stanley in connection with a £406m senior term loan facility and (ii) a £109,000,000 mezzanine term loan facility.
At Ogier, Simon Felton and Bruce MacNeil handle bank-side lending to elite private equity names financing both funds and deals. The firm is also active in real estate finance deals as well, many concerning key City of London assets, with MacNeil and Katrina Edge having considerable expertise in this area. Kate McCaffrey is a key managing associate who has worked with MacNeil on agenda-setting deals. Felton heads the practice in Jersey, and Edge heads the firm's pan-European banking practice, which on top of Channel Islands responsibilities includes overseeing the Luxembourg team. In September 2020, counsel Chula O’Donoghue returned from a secondment at HSBC's Crown Dependencies in-house team.
‘Strong partner connection with all of the main UK law firms and therefore a deep understanding of the issues involved in real estate finance. It has strong senior female lawyers who get the deal done.’
‘The team are commercial and user-friendly. They match concise legal advice with a practical approach, at a competitive price. Over the last couple of years we have built a strong relationship with the team and engaged on a string of important transactions.’
‘Katrina Edge knows her market and is willing to step in and find solutions. Great response times.’
‘Simon Felton is a good leader, technically strong and commercial.’
‘Kate McCaffrey is a real rising star. Clearly busy but always makes time for you and turnaround times fantastic – great client service.’
HSBC Bank plc
Silicon Valley Bank
MetLife Investment Management
Caledonia Investments plc
Lloyds Banking Group
Wren House Infrastructure Limited
International Oasis Holding Company KSCC
M&G Investment Management Limited
International Swaps and Derivatives Association (ISDA)
Hospital Topco Limited
Adeem Investment & Wealth Management
Hellman & Friedman
Northwood Investors LLC
OZ Management LP
- Advised MetLife on its refinancing of two Jersey office properties – Gaspé House and JTC House worth a combined total of over £131 million.
- Acted for Morgan Stanley Senior Secured Funding in relation to a highly complex cross border secured financing in connection with the £2bn acquisition of a 50% stake in Advanced Computer Software Group.
- Advising a consortium of banks on a dual-currency €775 million-equivalent senior secured notes offering, with the proceeds used to refinance the previously funded bridge loan used to finance the take-private of Oriflame, an international beauty company.
Now managing partner of Appleby's 'slick' Jersey office, James Gaudin's workload also includes a range of lender-side fund finance mandates, in which he acts for a number of European and British banks, as well as corporate deals. He and Andrew Weaver are both active in real estate finance deals, acting for borrowers and lenders on deals concerning properties in the UK and Europe. The team is also active in corporate deals, many concerning unique issues on-island. Kevin McQuillan, a senior associate in the team, was sworn in as a Jersey advocate in December 2019, and clients also praise associate Paul Warsnop.
‘Able to handle complex transactions, including where local assets other than bank accounts and shares are being secured. They also offer commercial guidance to clients and don’t let technical issues get in the way of transactions.’
‘I have worked with Appleby Jersey, Guernsey and IOM on a couple of transactions. the team is organised and responsive and it is a pleasure working with them. One thing I benefited from is that because all the offshore offices are connected, they are able to deliver a seamless service which some other firms cannot .Very quick and efficient. They work very smoothly with the corporate administrators and banks in Jersey.’
‘They’re slick – know exactly what to do and when, and make sure the Jersey side of a transaction runs super smoothly.’
‘James Gaudin and Paul Worsnop have been my Jersey go-to team for the past 4-5 years. I find them the best on the island in terms of service delivery, specifically on commercial guidance, cost, response times, pre-emptiveness and general communication.’
‘Kevin McQuillan stands out. He always go above and beyond to ensure that the work gets delivered.’
Ashby Capital LLP
Atrium European Real Estate Limited
DekaBank Deutsche Girozentrale
Lloyds Bank Plc
OakNorth Bank Plc
Phoenix Spree Deutschland
Standard Chartered Bank
The Royal Bank of Scotland plc and Royal Bank of Scotland International Limited
- Advised Phoenix Spree Deutschland on its recent EUR 240 million financing with Natixis Pfandbriefbank AG.
- Advised OakNorth Bank on a £23m loan to LV Care Group, the lender’s first Jersey law financing.
- Advised JPMorgan Chase on the Jersey law aspects of a new $1.25bn asset-based revolving credit facility to the Adient Group.
The Bedell Cristin banking practice saw some change in September 2019 with Tim Pearce designated as the firm's new global head of banking and corporate and Alasdair Hunter the head of the Jersey banking practice - the same month Richard Le Liard was elected to the partnership and Sara Johns joined from Ogier. Pearce handles locally important deals concerning both real estate and companies present on-island, while Hunter is active on the borrower side for private equity houses advising on the financing of companies and real estate, as well as work for respected banks, contributing BVI expertise. Malcolm Ellis is a notable senior associate, as is Antony Clerehugh. Mark Dunlop is now the firm's knowledge management partner.
Other key lawyers:
‘Bedell Cristin’s Jersey banking and finance team provide an outstanding service. They have good expertise in Islamic finance and a fantastic track record in assisting us with finance transactions in the context of Middle Eastern investment into UK real estate.’
‘I have worked with Bedell Cristin’s Jersey office for over 15 years. Their pricing is sensible and whilst their technical expertise is undoubted they combine it well with a practical and commercial approach. Most of all they tend to take ownership of a matter even if their role is largely a supporting one on what is primarily a UK transaction and are always quick to respond.’
‘With strong London transaction heavy experience, the Bedells team is well equipped to meet the demands of structurally complex finance transactions running on tight timetables.’
‘Alasdair Hunter and Antony Clerehugh provide invaluable advice and rapid turnaround. Both are commercially minded and ensure that transactions run smoothly.’
‘Tim Pearce is very user friendly and gets things done. A delight to work with.’
‘Mark Dunlop is faultless when you need the cavalry.’
‘Malcolm Ellis guides us efficiently through complex transactions and is a pleasure to work with.’
Aareal Bank AG
Aviva Commercial Finance
Bank of America, NA
Barclays Bank Plc
CBRE Loan Services Limited
Citigroup Global Markets Limited
Deutsche Bank AG
HSBC Bank plc
National Westminster Bank plc
The Royal Bank of Scotland plc
The Royal Bank of Scotland International Limited
- Advised BNP Paribas on the Jersey law elements of a $1.65bn financing of Ithaca Energy’s purchase of Chevron North Sea Limited.
- Advised a US investment bank on a £286 million loan origination and subsequent securitisation.
- Advised the buyer, Inflexion, from both a Jersey and Guernsey perspective, in relation to its acquisition facilities for the acquisition of the Estera Group globally.
Collas Crill's group partner Mike Williams , who has a track record of BVI work, handles work for mainstream and specialised banks (with Islamic finance a specific area of expertise), covering real estate both on-island and in the UK and fund finance. He was joined by Matthew Gilley, who joined from Ogier in April 2019, bringing with him a practice on the real estate side of the finance offering. Christine Fox is a key counsel in the team.
‘The team at Collas Crill has the legal skills and experience to advise on all of my Jersey law matters (and indeed BVI law matters – which saves juggling timezones and provides consistency and ease on invoicing mechanics too). They know us well and how we work so that they are able to anticipate our needs and the support and input required.’
‘I find Collas Crill to be very good to work with. The advice we receive is always accurate and justified and they can be trusted to work on deals efficiently and cognizant of client need. ‘
‘They delivered their product on time, liaised well with their opposite numbers and were fair on their billing.’
‘Mike Williams leads the team. As well as being a cracking lawyer, he is always around to help, extremely reliable and great fun to work with. His team has a strongly supportive ethos which makes them a pleasure to have on our side.’
ABC International Bank
Abu Dhabi Investment Bank
Al Rayan Bank plc
Allied Irish Bank
Allied National Bank
Arab National Bank
Bank of East Asia
Bank of Ireland
Bank of London & The Middle East
Bank Julius Baer
British Arab Commercial Bank
Butterfield Bank (Guernsey) Limited
Clydesdale Bank plc
EFG Fund Administration Limited
Gatehouse Bank plc
Habib Bank Zurich plc
Hermes Alternative Investment Management Limited
H.I.G. Europe Capital Partners II L.P.
ICG Alternative Investment Limited
Industrial and Commercial Bank of China
Investec Bank PLC
National Westminster Bank PLC
N M Rothschild & Sons Limited
OakNorth Bank PLC
Qatari Investment Bank UK Plc (QIB)
QIB (UK) plc
Royal Bank of Canada
Royal Bank of Scotland International
Seaton Place Limited
Shawbrook Bank Limited
State Street Corporation
United Overseas Bank Limited, London Branch
- Acted for a venture capital fund on borrowing £136m from a commercial lender, with one Jersey company in the structure owned by a charitable trust.
- Advised a New York-headquartered bank as lead counsel on a $75m facility to a company being subjected to a just and equitable winding-up petition.
- Advised Bank of London and the Middle East, a specialist Islamic bank, as financiers of the £27m purchase of 1 Waterfront Avenue, Edinburgh.
Covering a full spectrum of finance work, WALKERS is active for both borrowers and lenders across a highly internationalised deal sheet. Nigel Weston has a strong practice in the real estate finance space among other heavyweight deals, and in particular is well connected in the Middle East. Alexandra Corner is active in fund and real estate finance. While part of the corporate practice Jonathan Heaney also continues to be involved in the Battersea Power Station project. Christophe Kalinauckas is a key senior counsel, with three more appointments at that level coming in the form of Jon Le Rossignol and Louise Hamilton from Mourant, and Tristan Maultby from Carey Olsen.
Other key lawyers:
‘Julia Keppe is personable and technically excellent – she has a good understanding of clients’ businesses, strong client care skills, commercial awareness and lots of experience.’
CGL Gaming PLC
Apex Group Ltd
Arzan Financial Group
- Advised the lenders on corporate and banking matters relating to the Battersea redevelopment project.
- Advised ING on the Jersey law elements of the five-year $1.1 billion sustainability-linked facility for Rusal.
At Maples Group, Paul Burton and Chris Byrne handle primarily lender-side work involving cross-border businesses, with a number of key deals of late involving the financing of companies in the natural resources space. In addition, Burton also handles a number of fund finance mandates, while Simon Hopwood handles some real estate finance transactions. Matthew Swan, former managing partner of Ogier, joined as a consultant in August 2019, and associate John Burns joined from Dickinson Gleeson in March 2020, joining a well-regarded associate bench that includes Amy Black and Anna Cochrane.
‘Maples have a real can-do attitude. They are always willing to muck in to resolve problems at very short notice. They give confident on-the-spot advice, and are always there at the end of the phone if I have a one-off query, even where they are not otherwise involved in the transaction. They are willing to be practical and commercial on transactions and take the time to understand the client’s issues.’
‘Anna Cochrane has provided assistance on a range of topics on a timely basis and to a very high standard.’
Voisin Law's practice is particularly well versed in Islamic finance, with the practice active for a number of Middle Eastern and challenger banks, as well as borrowers. Kate Anderson handles trophy deals concerning real estate in London and internationally, primarily for borrowers but also for non-bank lenders, with a number of instructions in the hotel sector. Ian Strang is also active for some local lending work, and Daniel Walker is a key senior associate and is leading on significant mandates in the real estate space. Clients also praise advocate Chris Le Quesne.
‘They are pro-active, commercial and willing to go the extra mile to get the job done. We would not use any other advisory in this jurisdiction. First rate!’
‘Very available and very bright. Strong team and excellent partners.’
‘What makes Voisin unique is that when you enter into an engagement with their firm, they not only view you as the client but also your immediate client as their client too. With this mindset, they always ensure that work is done to the highest standard and that it is in the best interest of the client (engaged) and overlying client.’
‘Kate Anderson is always available and no problem is too difficult. Always finds a solution.’
‘Daniel Walker has been of particular assistance on financing transactions, responsive to inquiries and helpful in resolving urgent issues for the client.’
U and I Group PLC
- Advised U and I Group on the financing of its £66m purchase of leasehold property in London.
Edward Scott and Co
At Edward Scott and Co, which span out of Dickinson Gleeson in September 2020, Edward Scott handles a mixture of work including prestige real estate finance work (an area in which he is particularly connected in the hotel industry), as well as more esoteric matters including complex fund finance structures and a particular specialism in art finance.
At boutique firm Pinel Advocates, Andrew Pinel and group partner David Yetman, in addition to handling a range of property finance matters, have particular expertise in regulatory issues - in this space counsel James Mews contributes in-house experience from the JFSC.
Jersey Deposit Compensation Scheme
- Advised NatWest on a £22m facility lent to a Jersey limited partnership.
- Advising a property development group on a £65m refinancing of its structure.
- Advised a number of banks on regulatory matters including client assets, security interests, ring-fencing and data protection.
At Viberts Jersey Lawyers, Paul Wilson handles borrower and lender-side work for Jersey trading companies, with borrower-side London real estate finance deals a staple for the firm alongside some work for challenger banks. Christopher Scholefield's workload includes advising trustees on finance matters, and James Lawrence has on-island real estate finance expertise.
Baldrick Investments Limited
Dunningham Investments Limited
C Le Masurier Limited
Formidable Holdings Limited
Longulf Trading (UK) Limited
Bharti Global Limited
Tradagames (Jersey) Limited
NBP Holdings Limited
Maplewood Financial Corporation Limited
Southern Developments Limited
Oak Trustees (Jersey) Limited
Financial Consultants (Jersey) Limited acting in its capacity as trustee of the Saffron Purpose Trust
Clove Holdings Limited
Zara Holdings Limited
HRE Investments Limited Sp Zoo Spolka
Cynergy Bank Limited
Sovereign Court Limited
Ovington Court Limited
Site 5 Pennington Street Limited
Tobacco Dock Limited
MT Rooms Limited
- Advised Dunningham Investments Limited on refinancing its investment in Jersey Choice Limited.
- Advised MTWO Limited on a proposed investment in a Jersey-based cloud computing company.
- Advised C Le Masurier Limited on a proposed transaction relating to real estate in the United Kingdom.