Carey Olsen > St Peter Port, Guernsey > Firm Profile

Carey Olsen

Guernsey > Banking and finance Tier 1

Lenders and borrowers come to Carey Olsen for assistance with a range of financing arrangements for Guernsey-domiciled funds, including acquisition, real estate and asset finance. The firm also offers extensive experience in advising companies on TISE listings. The practice is headed by Andrew Boyce, a closed and open-ended investment funds structuring specialist who also assists with credit and structured finance products. Funds group head Ben Morgan is well versed in alternative fund formation, as is Annette Alexander, who also advises funds on TISE listings and related compliance matters. Tom Carey focuses his practice on corporate transactions and is also noted for his listings work and knowledge of permanent capital vehicles issues. David Crosland rounds out the roster of key names.

Practice head(s):

Andrew Boyce


‘Knowledge of the legal market and framework, proactive, highly responsive and engaging.’

‘It is the top team in Guernsey in terms of experience and depth. Likely to remain so due to really exceptional response times. Our broader group deal with law firms around the world and is always complimentary about Carey Olsen.’

‘We work with Annette Alexander’s team almost exclusively and would prefer not to deal with anyone else. Annette is super responsive, which makes all the difference.’

Key clients

Ninety One Securitisation S.A

AnaCap Financial Partners

AI Verventa Topco (Guernsey) Limited

Permira European CLO Manager LLP

Work highlights

  • Assisted Anacap with an English law-governed facility agreement to be provided to one of its portfolio investments, Nestor Holding, by JPMorgan, with several Guernsey entities acting as guarantors.
  • Advised Ninety One Securitisation on the admission to listing of up to €400m unsecured revolving profit participating notes due 2036 on the Official List of The International Stock Exchange.
  • Assisted Providus CLO VII Designated Activity Company with the closing of the Providus VII, whereby the client issued the CLO notes in a collateralised loan obligation transaction managed by Permira European CLO Manager and arranged by Barclays Bank.

Guernsey > Capital markets Tier 1

Advising on the raising of both equity and debt, Carey Olsen supports clients seeking to list on TISE and assists Guernsey-based companies with LSE listings. The firm also offers advice on secondary and transactional fundraising, as well as regularly advising SPACs in relation to listings on the Main Market. Practice head Ben Morgan is noted for his funds specialism. Annette Alexander‘s practice encompasses the listing of investment funds, trading companies and bonds on TISE, as well as handling associated regulatory matters. Tony Lane is another key contact.

Practice head(s):

Ben Morgan

Other key lawyers:


‘They provide an excellent service, are quick to respond to our requests and provide a very well thought out, reasonably priced service.’

‘They are pragmatic and help us navigate our way through numerous listing and de-listing processes across the portfolio, often at quite short notice.’

‘They are always very responsive and provide clear, well laid out advice.’

Key clients

Ikigai Ventures Limited

Andrada Mining Limited

Fintech Asia Ltd.

Work highlights

  • Assisted Andrada Mining with reviewing all aspects of a transaction from a Guernsey perspective.
  • Advised Ikigai Ventures, a Guernsey-incorporated SPAC, on its admission to listing on the Main Market of the London Stock Exchange.
  • Advised Fintech Asia, a Guernsey-incorporated SPAC, on its admission to listing on the Main Market of the London Stock Exchange.

Guernsey > Commercial property Tier 1

Carey Olsen‘s commercial property team frequently advises corporate clients entering the Guernsey market for the first time on securing premises for their businesses, in addition to assisting corporate tenants with leasing issues. The practice also advises HNWIs and family offices on the purchase of residential and investment properties. Practice head Jason Morgan advises on a wide range of property matters, including the purchase of commercial office space and associated lease arrangements. Davey Le Marquand acts at the intersection of property and private client law, advising on inheritance and estate management, while counsel John Le Tissier advises on transactions including leases and secured finance. Senior associate Rachel Jones is a contentious and non-contentious planning specialist, while fellow senior associate Kieran Ogilvie advises on commercial leases and property developments.

Practice head(s):

Jason Morgan


‘I consulted Rachel Jones in connection with my planning appeal. She came highly recommended, and was a crucial component of my succeeding. She quickly absorbed the issues and drafted the case, which I presented. She was focused and incisive, besides being cheerful throughout. Her advice, when sought, was both sensibly practical and reasonably restrained.’

Guernsey > Corporate and M&A Tier 1

Carey Olsen‘s corporate team assists clients engaged in high-value cross-border M&A transactions and restructurings, with particular expertise in deals which involve Guernsey structures. In addition to acting for LSE-listed clients, the firm advises on transactions concerning Guernsey-registered buyers and sellers. The team is led by Tom Carey - who advises private equity and investment fund clients on a range of transactional and restructuring matters - and public and private M&A, schemes of arrangement and listings specialist Tony Lane. Andrew Boyce‘s practice includes investment and finance transactions, with particular expertise in the establishment and structuring of open and closed-ended funds and associated credit and structured finance products. Senior associate Arya Hashemi is the key contact for cross-border M&A and competition issues.

Practice head(s):

Tom Carey; Tony Lane

Other key lawyers:


‘The team is undoubtedly the market leader in the offshore M&A world. Their lawyers are responsive and proactive in their approach and their technical excellence (whilst expected) is constantly delivered. I wouldn’t go anywhere else.’

‘Andrew Boyce is a market leader and genuinely an expert in his field. He is always available and presents a team approach that means there is no transaction that is too big for them to service.’

‘The team is exceptionally helpful with our Guernsey legal requirements – they know our funds inside out and provide highly valued support.’

‘The team is very commercial, quick to understand complex legal structures and provide well thought through legal advice. They are always very quick to respond and ensure that changes to capital structures at the holdco level are registered by our fund administrator properly, providing them with the necessary paperwork and challenge if this is not undertaken in a timely manner.’

Key clients

Antler Holdco Limited

Terra Firma


Geomarine Limited

Apex Fund Services Holdings Limited

Work highlights

  • Advised Antler Holdco on the acquisition of its issued share capital by asset management firm Abrdn.  
  • Advised Terra Firma on a joint venture with Partners Group, and the creation of a new group structure relating to the acquisition of a majority stake in Richborough Estates Holdings.
  • Assisted with the sale of Aspen Phoenix Topco, the indirect holder of the Paperchase business.

Guernsey > Dispute resolution Tier 1

Carey Olsen‘s all-encompassing dispute resolution practice represents clients engaged in commercial, trust, fraud and asset tracing, and data protection disputes. The firm also has a dedicated restructuring and insolvency team, led by David Jones. Elaine Gray heads up the wider disputes team, handing a broad range of contentious matters, including breaches of trust and professional negligence. Tim Corfield has built up a strong corporate disputes practice, while Mark Dunster handles regulatory and criminal matters. Trust litigation is consultant John Greenfield and senior associate Julia Schaefer‘s primary area of expertise, while senior associate Robin Gist acts on regulatory matters, with a specialisation in sanctions.

Practice head(s):

Elaine Gray

Other key lawyers:

Tim Corfield; Mark Dunster; David Jones; Karen Le Cras; John Greenfield; Tim Bamford; Robin Gist; Julia Schaefer; Simon Florance


‘Very good ability to handle multi-jurisdictional disputes, co-ordinating input from local teams where necessary.’

‘Elaine Gray is a stand-out partner who takes strategic control of a case and navigates it to the best outcome for the clients.’

‘Robin Gist and Mark Dunster – very responsive and alert to issues and with deep connections to industry and government. We know they are always a step ahead and can bring wide experience into play. Robin also turned around some urgent advice and documentation same day/next day for us which was hugely appreciated with some challenging situations and deadlines.’

‘David Jones is the standout restructuring partner at Carey Olson – as well as in the Channel Islands. His ability to see the bigger picture in contentious matters makes him the go-to lawyer for complex cases. David also has the ability to select his team from a broad bench to ensure that specific points of law are dealt with by team members with relevant experience enabling him to provide timely, accurate and commercial advice.’

‘Carey Olsen’s litigation team is widely regarded as THE Guernsey contentious practice – their key capability is the consistent quality across the whole of their team.’

‘Tim Corfield rightly receives plaudits as one of the top litigators in the jurisdiction. Tim is unstinting in his work ethic, super sharp in his commercial understanding of the cases he deals with, thorough in his forensic analysis, elegant in his drafting, and persuasive in his advocacy.’

‘City-standard advice, excellent advocacy and a team that works together very cohesively and effectively.’

‘Elaine Gray is a standout advocate – certainly the pick of the advocates I’ve seen in action.’

Key clients

Alvarez & Marsal (Europe) LLP

Begbies Traynor


Grant Thornton

Highland Capital Management



Krys Global

Leonard Curtis

Medical Specialist Group


Saudi Sakab Holding Company

Stobart Group

Sure (Guernsey) Limited

Work highlights

  • Advised the joint liquidators of Joannou & Paraskevaides (Overseas) on the company’s $1bn liquidation.
  • Acted for Sure in relation to an investigation and enforcement action by the Guernsey Competition and Regulatory Authority and a judicial review and breach of confidence claim by Sure arising out of its operation of the telecoms system on the islands of St Helena and Ascension.
  • Advised NYSCO Management Corp, in its capacity as parent company of BSG Resources, which is currently in administration, on the opposition of a winding up application issued by the majority creditor, Vale.

Guernsey > Employment Tier 1

Carey Olsen's team, which is described as having 'a vast range of knowledge and experience in the field', advises corporate clients on a variety of matters, spanning employment issues in relation to M&A, contract and exit negotiations concerning senior employees, and the full spectrum of employment disputes, as well as regulatory issues. Leading the team is Elaine Gray, known for representing plaintiffs and defendants in professional negligence and breach of trust proceedings, in addition to handling the employment side of corporate reorganisations. Litigator Mark Dunster handles criminal and regulatory matters, while senior associate Lois Madden offers expertise on data protection.

Practice head(s):

Elaine Gray

Other key lawyers:


‘Carey Olsen has a strong employment team that is able to work across industries and sectors from financial services to the not-for-profit sector.’

‘I work with Elaine Gray and find her really easy to deal with. She provides clear and concise advice and has personal experience of virtually any scenario related to employment matters.’

‘The team is very responsive, technically strong and has a vast range of knowledge and experience in the field. Their advice is always clear, concise and reliable. The team also hold regular seminars, keeping their clients up to date on employment law and abreast of any changes.’

‘I have worked predominantly with Lois Madden, who is extremely knowledgeable. She is proactive and guiding in her approach and offers invaluable advice which is clear, concise and reliable.’

‘They know the law and make suggestions that suit commercial needs.’

‘The team composition was very knowledgeable about all areas of my particular case. They worked with me in a professional and sympathetic manner. Lois Madden and Robin Gist represented my case in the Royal Court and their team dynamic and presentation skills were admirable.’

‘The Carey Olsen team provides exceptional employment briefings, which are provided on relevant topics on a regular basis. The team makes the material engaging, and relevant to their audience. The team also provides cross-jurisdictional updates, which is very helpful as most employers are pan-Island.’

‘Lois Madden supported us on a complicated employee relations matter recently. Lois had an excellent understanding of employment law and understood the complexities of our unique business. She was clear and concise in her advice and approached the matter with empathy for all parties, leading to a positive outcome.’

Guernsey > Insurance Tier 1

Carey Olsen assists clients with a wide variety of insurance-related transactions, including cross-border M&A and longevity risk swaps. On the regulatory front, the team advises insurers on licencing, ongoing obligations and ancillary matters such as competition issues. With decades of experience advising insurers and reinsurers, practice head Christopher Anderson advises on all aspects of Guernsey insurance law and related corporate matters. Natasha Kapp advises insurers on policy interpretation and wording in addition to regulatory matters. Senior associate Arya Hashemi is also recommended.

Practice head(s):

Chris Anderson

Other key lawyers:

Key clients

Northstar Group

Utmost PanEurope DAC

Peregrine Life Limited

Discovery Holiday Parks Pty Limited

Brickell Insurance Holdings LLC

Work highlights

  • Advised Northstar on its acquisition of Old Mutual International (Guernsey).
  • Advised Utmost PanEurope DAC on the transfer of its Guernsey long-term insurance business from Quilter International Ireland to Utmost PanEurope.
  • Advised Discovery Holiday Parks on the establishment of a new Guernsey captive insurer.

Guernsey > Investment funds Tier 1

The formation of private equity, real estate, energy and debt funds forms the core of Carey Olsen‘s practice. The firm also advises on structuring and listing on, and obligations attached to, the LSE and TISE. Leading the group is Ben Morgan, offering significant experience in the establishment, structuring and launch of alternative funds. Andrew Boyce is noted for his expertise in open and closed-ended investment vehicles and associated credit and structured finance products, while David Crosland is sought after for his knowledge of the launch and restructuring of such funds. Annette Alexander assists fund promoters and financial institutions with the launch and ongoing management of funds.

Practice head(s):

Ben Morgan

Other key lawyers:


‘Andrew Boyce and Rachel de la Haye are exceptional lawyers who are able to provide very swift and high quality advice! Definitely the team to choose for anything fund related in Guernsey.’

‘They see a large part of the market and are very experienced.’

‘David Crosland is excellent, he is the go-to person in Guernsey.’

‘The team have their finger on the pulse of local practices, which gives a deep experience on which to draw.’

‘Annette Alexander is my go to. Always ready to take my call and always able to provide pragmatic advice, even at short notice.’

‘Ahead of the game on industry developments and commercially-minded in finding workable solutions. Willing and able to accommodate unusual and bespoke requests in a timely and economic manner. Helpful and responsive, able to deal with multiple projects on a variety of fronts.’

‘Excellent availability and responsiveness of the lead partner, and other senior team members, and very pragmatic focus. Senior associates also of very good quality and capable. Excellent team ethic and morale, stemming from the commendable management of the lead partner.’

‘Annette Alexander is an exceptional external counsel. She is commercially driven and also very knowledgable about Guernsey law, she always provides advice on time and the quality of the deliverables is outstanding.’

Key clients

Energy Growth Momentum LLP

Dynam Capital Limited

Synthesis Capital LLP

Work highlights

  • Advised Dynam Capital on the establishment of new open-ended private investment fund Dynam Vietnam Sustainable Growth Fund.
  • Advised Energy Growth Momentum on the formation, structuring and launch of Energy Growth Momentum III, a private investment fund registered as a closed-ended collective investment scheme to invest in renewable technologies within the digital energy services and equipment sector globally.
  • Advised Synthesis Capital on the formation and regulation of a new manager and fund in Guernsey investing in innovative food technology and alternative protein.

Guernsey > Private client, trusts and tax Tier 1

Carey Olsen‘s team supports HNWIs with the setup and restructuring of trusts, private trust companies and family offices, while working alongside the firm’s litigation practice to represent clients engaged in multijurisdictional trust disputes. Practice head Russell Clark handles both contentious and non-contentious trust matters, notably advising on the establishment of complex trust structures. Natasha Kapp‘s practice encompasses both private wealth structuring and philanthropy, as well as contentious trust issues. Having retired from the partnership in June 2022, Konrad Friedlaender continues to advise on a wide range of trust matters in addition to pensions, employee benefit and share option schemes as a consultant. Counsel Laila Arstall focuses on a wide range of tax issues, while fellow counsel Wendy Garrard assists trustees, beneficiaries and protectors with matters concerning regulatory and fiduciary law.

Practice head(s):

Russell Clark

Other key lawyers:


‘For me, the strongest private client and trust team in Guernsey; long experience, deep knowledge, excellent connections to industry and government to give us practical, value for money advice. The team always looks at matters from different angles and balances extensive fiduciary knowledge with strong commercial awareness, to provide sound advice.’

‘I have worked with Konrad Friedlaender for many years and his legal knowledge, commercial awareness, practical approach and calmness are strengths he brings to all matters. He is also a diplomat, and I have seen him defuse many challenging situations with third parties. I have no hesitation bringing him into meetings and calls, to work though issues and find solutions.’

‘Russell Clark is always there to protect and defend our interests, clear communication and excellent at balancing fiduciary and commercial considerations. ‘

‘Their personal service and breadth of expertise always delivers.’

‘They are extremely personable and collaborative. I also found them to be pragmatic and technically strong.’

‘Natasha Kapp was very impressive in a complex matter.’

‘The team at Carey Olsen have provided fantastic legal support over many years. Their advice on trust matters is always first rate, demonstrating both their technical knowledge and their understanding of the dynamics involved between trustee, settlor and beneficiaries.’

‘Konrad Friedlaender and Natasha Kapp particularly stand out as we have worked closely with them on trust matters for many years, during which time we have appreciated their knowledge of the historic trust and family issues, and their ability to apply that together with their technical knowledge in providing very high quality and often very practical legal advice and support.’

With a heritage that dates back to 1898, Carey Olsen is one of the most established and distinguished offshore law firms. It delivers exceptional services to its clients from the key offshore financial centres of Bermuda, the British Virgin Islands (BVI), the Cayman Islands, Guernsey and Jersey. It also has an established presence in Cape Town, Hong Kong, London and Singapore. It is consistently the firm of choice for clients and their advisers who are looking for the highest levels of service.

The firm: The firm offers a partner-led approach. It employs more than 500 people and its 60-plus partners head up a total complement of 250 lawyers. It provides legal services in relation to all areas of corporate and finance law, investment funds, trusts and private wealth, dispute resolution and property law.

The firm works with an extensive range of clients, including many of the world’s leading banks, insurance companies, investment funds, private equity houses, real estate firms, sovereign wealth funds, publicly listed companies, ultra-high-net-worth individuals and governments. The firm is often instructed by or works alongside leading legal and other professional advisers on complex international transactions and cases.

Carey Olsen is the largest law firm in Guernsey and in Jersey, with more Tier 1 practice area rankings than any other firm.

Types of work undertaken: The firm offers a comprehensive range of legal services for all aspects of corporate/transactional, dispute resolution and private client work.

Its primary transactional legal services include: banking and finance; corporate and commercial; employment, pensions and incentives; commercial property; insolvency and restructuring; insurance; intellectual property; investment funds and private equity; mergers and acquisitions; regulatory and financial crime; and trusts and private wealth.

The firm’s dispute resolution and litigation group represents clients on the full spectrum of contentious, semi-contentious and advisory work in both a domestic and international context. Together with commercial litigation services, its practice offers focused advice on banking and finance, corporate disputes, contentious trusts, restructuring and insolvency, regulatory and financial crime.

The firm’s private clients rely upon it for services that include estate planning, residential property, wills and inheritance.

Department Name Email Telephone
Corporate Annette Alexander
Listing services Annette Alexander
Investment funds Annette Alexander
Corporate Christopher Anderson
Insurance Christopher Anderson
Investment funds Christopher Anderson
Banking and finance Andrew Boyce
Investment funds Andrew Boyce
Corporate Andrew Boyce
Investment funds Tom Carey
Regulatory Tom Carey
Banking and finance Tom Carey
Corporate Tom Carey
Regulatory Russell Clark
Trusts and private wealth Russell Clark
Regulatory Tim Corfield
Dispute resolution and litigation Tim Corfield
Listing services David Crosland
Investment funds David Crosland
Corporate David Crosland
Regulatory Mark Dunster
Dispute resolution and litigation Mark Dunster
Pensions Konrad Friedlaender
Trusts and private wealth Konrad Friedlaender
Employment, pensions and incentives Elaine Gray
Regulatory Elaine Gray
Dispute resolution and litigation Elaine Gray
Restructuring and insolvency David Jones
Dispute resolution and litigation David Jones
Trusts and private wealth Natasha Kapp
Corporate Tony Lane
Listing services Tony Lane
Property law Davey Le Marquand
Property law Jason Morgan
Banking and finance Ben Morgan
Investment funds Ben Morgan
Regulatory Ben Morgan
Corporate Ben Morgan
Taxation and Economic Substance Elaine Gray
Relocation Russell Clark
Private Client Russell Clark
Photo Name Position Profile
Annette Alexander photo Annette Alexander Annette advises on a broad range of corporate matters with a particular…
Christopher Anderson photo Christopher Anderson Christopher is an advocate with an outstanding reputation both in Guernsey and…
Laila Arstall photo Laila Arstall Laila has extensive experience in the formation and administration of trusts, companies…
Tim Bamford photo Tim Bamford Tim is counsel and advocate in the dispute resolution and litigation group…
Andrew Boyce photo Andrew Boyce Andrew is a partner in the corporate and finance team and is recognised…
Joanna Caen photo Joanna Caen Joanna is a counsel in Carey Olsen’s trusts and private wealth team in…
Tom Carey photo Tom Carey Tom is a partner is the corporate and finance team. He advises…
Russell Clark photo Russell Clark Russell Clark heads up the trusts and private wealth team in Guernsey.…
Tim Corfield photo Tim Corfield Tim is a partner and advocate in the dispute resolution and litigation…
David Crosland photo David Crosland David is partner in Carey Olsen’s Corporate team. David undertakes a wide…
Mark Dunster photo Mark Dunster Mark is a partner specialising in litigation, compliance and financial regulatory matters.…
Simon Florance photo Simon Florance   Simon is counsel to the dispute resolution and litigation team specialising…
Konrad Friedlaender photo Konrad Friedlaender Konrad is a consultant in the trusts and private wealth department and…
Wendy Garrard photo Wendy Garrard Wendy is counsel in the trusts and private wealth group and acts…
Elaine Gray photo Elaine Gray Elaine is partner and head of Carey Olsen’s Guernsey dispute resolution and…
John Greenfield photo John Greenfield John is a consultant for the dispute resolution and litigation group in Guernsey where…
Graham Hall photo Graham Hall Graham is a consultant for the corporate and finance group in Guernsey where…
Nicola Hopkins photo Nicola Hopkins Nicola is Senior Associate in Carey Olsen’s property team in Guernsey. Nicola…
Rachel Jones photo Rachel Jones Rachel is a senior associate in the property team specialising in planning…
David Jones photo David Jones David is an advocate providing specialised advice in relation to business restructuring…
Natasha Kapp photo Natasha Kapp Natasha Kapp is a partner in Carey Olsen’s trusts and private wealth…
Tony Lane photo Tony Lane Tony advises on all aspects of corporate law in Guernsey, with a…
Karen Le Cras photo Karen Le Cras Karen is a partner and general counsel in the Dispute Resolution &…
Davey Le Marquand photo Davey Le Marquand Davey is a partner in the property department and advises on private…
John Le Tissier photo John Le Tissier John is counsel in the property team with significant experience of both…
Patricia Montgomery photo Patricia Montgomery Patricia advises a variety of private clients and fiduciaries on all fiduciary law aspects,…
Ben Morgan photo Ben Morgan Ben is head of the corporate and finance group in Guernsey and…
Jason Morgan photo Jason Morgan Jason is head of the property group in Guernsey. He advises on…
Andrew Munro photo Andrew Munro Andrew is an advocate of ten years’ standing with twenty years’ corporate…
Kieran Ogilvie photo Kieran Ogilvie Kieran Ogilvie is a senior associate in our commercial property team in Guernsey.…
Carly Parrott photo Carly Parrott Carly is Head of Employment in Carey Olsen’s Guernsey office, specialising in…
Julia Schaefer photo Julia Schaefer Julia is a senior associate in the dispute resolution and litigation team…
Ardra Swaraj photo Ardra Swaraj Ardra is an associate in the trusts and private wealth team in…
Andrew Tually photo Andrew Tually Andrew is a counsel in Carey Olsen’s Guernsey office. Andrew has over…