Marcus Pallot > Carey Olsen > St Helier, Jersey > Lawyer Profile

Carey Olsen
47 ESPLANADE
ST HELIER
JE1 0BD
Jersey

Work Department

Dispute Resolution and Litigation; Restructuring and Insolvency; Regulatory

Position

Marcus’ practice covers three main areas: contentious regulatory; insolvency; and financial services litigation.

His experience includes having acted for the Jersey Financial Services Commission in the matter of JFSC v Black, but he now concentrates on acting for regulated entities involved in actual or threatened proceedings, including regulatory matters and investigations where the JFSC, or other regulators, are on the other side.  He successfully acted for a regulated trust company in defending an application by the JFSC that a series of unit trusts under their stewardship be placed into a court ordered liquidation. In addition, he is regarded as the lawyer of choice for the majority of the island’s larger banking groups on regulatory issues.

In the insolvency arena, Marcus’ reputation as a leading practitioner has been established on the back of a series of successful, innovative applications which have expanded the reach of Jersey’s insolvency laws. In particular he is renowned for his ability to persuade the court to exercise its discretion to permit novel processes to be adopted as part of Jersey law so as best to serve the needs of his clients. Notably, he succeeded in persuading the Royal Court that it could use powers under the Just & Equitable jurisdiction to permit what was a Pre-pack Administration in circumstances where administration itself is not a remedy known to Jersey law.

Marcus leads the eGaming team in Jersey and has been advising clients since the inception of the eGaming industry. He is fully conversant with the various licensing and gambling laws and can provide company formation, licensing and regulatory advice as well as assisting on full migrations of existing businesses. Carey Olsen can also provide on-going legal support through its related practices.

The final significant area of Marcus’ work is his financial services civil litigation practice. He has recently been involved in a hotly contested and long-running breach of trust matter involving catastrophic loss of trust fund monies where his regulated client’s position was protected, the matter resolved at a fraction of the amounts claimed and settlement effected principally from insurance policies against a background where coverage was denied at the outset.  Notwithstanding his reputation as a commercial and pragmatic lawyer, when the time comes he is renowned as a punchy and aggressive advocate, who is passionate about his work and extremely hard working and diligent.

Career

Marcus joined the firm in 2001, having previously practised as a Barrister in the Royal Navy. He was called to the English Bar at Middle Temple in 1997 and he was called to the Jersey Bar in 2004 and the BVI bar in 2015.

Languages

French.

Education

University of Birmingham; Inns of Court School of Law.

Lawyer Rankings

Jersey > Family

Carey Olsen advises high-net-worth individuals on a wide variety of family law matters, often in relation to cross-jurisdictional issues. The group is noted for its expertise in pre-nuptial agreements. It is also able to draw on the firm’s wider trusts, property, litigation, corporate and private client teams, where family law overlaps with other areas of law. Marcus Pallot takes the lead, with vast experience in divorce cases, also a well-trodden area for John Kelleher. Suzanne Kingston became a consultant in February 2021, providing expertise in complex financial matters, children arrangements following separation or divorce, and cohabitation matters. Senior associate Lauren Glynn is another key name for divorces and civil partnership dissolutions, as well as complex financial disputes arising from relationship breakdowns.

Jersey > Dispute resolution > Dispute resolution

(Leading individuals)

Marcus PallotCarey Olsen

Clients praise the team at Carey Olsen for being ‘technically very strong, collaborative and user friendly‘, handling the spectrum of trust-related disputes, as well as fielding a strong contentious insolvency offering, where it represents funds and companies, boards of directors and shareholders. John Kelleher lead’s the firm-wide dispute resolution practice group, bringing to bear substantial contentious financial services experience. Marcus Pallot  focuses on insolvencies, regulatory disputes and civil litigation, while Andreas Kistler is noted for the court-related aspects of trust and private wealth issues. William Grace dedicates his time to regulatory and white-collar criminal cases, acting on behalf of corporates. Counsel Louise Woolrich is known for multi-jurisdictional trust disputes. Richard Holden has left the firm for Walkers.

Jersey > Dispute resolution > Regulatory and white-collar crime

Carey Olsen‘s regulatory and white-collar crime group services a wide range of Jersey regulated businesses, providing financial services compliance advice and representing clients in litigation. In addition to the financial services sector, the group also has a strong track record in competition cases and issues involving the gambling and cannabis industries. Areas of expertise include anti-money laundering issues, including investigations, matters involving the mutual legal assistance treaty (such as production orders and taking of evidence) and cyber-related criminal and regulatory issues. William Grace is a stalwart of the team, with vast experience in corruption and money laundering investigations and cases, as well as cyber- and crypto-related risk work. Marcus Pallot leads the global contentious regulatory team, and concentrates on acting for regulated entities involved in actual or threatened proceedings before the Jersey regulators. Counsel Huw Thomas  has experience in contentious employment issues arising in the regulated financial services space.