Carey Olsen > St Peter Port, Guernsey > Firm Profile
Carey Olsen Offices
PO BOX 98, CAREY HOUSE
ST PETER PORT
Carey Olsen > The Legal 500 Rankings
Carey Olsen’s banking and finance expertise is strong in both lender and borrower-side mandates. Through the expertise of practice head Andrew Boyce, Ben Morgan, Annette Alexander, Tom Carey and David Crosland, the practice holds a dominant position in the investment funds arena, where it advises both Guernsey-domiciled funds and multinational financial lenders. The team has seen an increase in refinancings, NAV facilities and revolving credit agreements, capably advised on by key senior associates Vaishali Gupta, Imogen Payne and Alexandria du Jardin. It also maintains an arsenal of knowledge and experience applicable to real estate finance instructions.
Other key lawyers:
‘Excellent technical lawyers, responsive, commercial.’
‘I primarily work with Ben Morgan. He is very knowledgeable and also commercial.’
States of Guernsey
CESL II (Levered ERISA) Sarl
CESL II (Levered) Sarl
CESL II (Unlevered GBP) Sarl
Stena International S.A.
Coller Investment Management Limited
Blue Diamond Limited
Essential HoldCo Guernsey Limited and EP MidCo Guernsey Limited
GLI Finance Limited
- Provided the States of Guernsey with advice in respect of an unsecured £225m revolving credit facility (intended to address the impact of coronavirus in Guernsey) provided by Barclays Bank, Butterfield Bank (Guernsey) Limited, HSBC Bank, Lloyds Bank Corporate Markets and The Royal Bank of Scotland International.
- Advised the CIP VIII fund partnerships in connection with the amendment and restatement of a capital call facility in order to facilitate the creation of a special purpose vehicle in the Cayman Islands to (1) issue rated notes to third parties and (2) become a limited partner in the main CIP VIII fund partnerships.
- Advising Blue Diamond Limited on the amendment and restatement of its term and revolving facilities provided by The Royal Bank of Scotland International Limited in connection with a short-term increase of the revolving facilities and the rescheduling of repayments in respect of the term facilities to provide additional liquidity and financial support during the coronavirus pandemic.
Guernsey > Capital markets Tier 1
At Carey Olsen, recent highlights included the capital markets team providing Guernsey advice on a rare fund IPO on the London Stock Exchange, as well as handling numerous cash box structures for issuers in the technology sector. Practice head Ben Morgan, Annette Alexander and David Crosland take the lead on offerings of debt securities on international exchanges and TISE. Also notable is that longstanding clients frequently engage the team on secondary share issuances and recapitalisations. In addition, the firm is a dominant listing agent for high-yield listings.
‘Excellent technical lawyers, responsive, commercial.’
‘I primarily work with Ben Morgan. He is very knowledgeable and also commercial.’
VinaCapital Investment Management Ltd.
Round Hill Music Royalty Fund Limited
Stobart Group Limited
JPMorgan Global Core Real Assets Limited
Landscape Acquisition Holdings Limited
Kape Technologies plc
Ravenscroft Holdings Limited
- Advised Round Hill Music Royalty Fund Limited on its successful listing on the Specialist Fund Segment of the Main Market of the London Stock Exchange, opening up British and US musical heritage to investors.
- Advised Amdocs Limited on the offering of debt securities issued to the value of $650m.
- Assisting Brockton, a UK real estate investment company with the admission to listing of ordinary shares on the Official List of TISE.
‘Carey Olsen have a shine to them that stands out in their sector. Their team are extremely knowledgeable, but also see beyond the obvious, to give a fresh point of view to get the job done. As a team, they work exceptionally well together, and you can see that their camaraderie is genuine, so that when teams need to work together, it is seamless.’
‘Jason Morgan clearly has an excellent handle on all matters in his department, and is always extremely helpful and knowledgeable, and takes time to get to know his clients closely, so best to understand their concerns and needs. Jason’s team are an absolute credit to him, particularly Rachel Jones. She is absolutely on her game, extremely thorough, an excellent negotiator and completely understands exactly what is needed to satisfy even the most tenacious clients!’
‘Kieran Ogilvie was always approachable at any time and at short notice and notably our last contract agreements went ‘down to the line’ with respect of minutes left on the clock for completion. Kieran’s depth of knowledge in the field required, outshone both sets of advocates on the opposing negotiating teams.’
‘John Le Tissier is unrivalled technically for Guernsey property matters.’
Webb Guernsey Property Unit Trust
RW Randall Limited
Jacksons (CI) Limited
National Trust of Guernsey
Bant Holdings Limited
Blue Diamond Limited
Polygon Group Limited
Skipton International (Guernsey) Limited
Investec Bank (Channel Islands) Limited
Guernsey > Corporate and M&A Tier 1
Carey Olsen’s corporate and M&A department continues to be a primary choice for listed corporates. The firm's talented bench of lawyers includes practice heads Tom Carey and Ben Morgan, Tony Lane (who also advises on corporate governance and shareholder rights matters), and senior associates Arya Hashemi and John Scanlan, who regularly lead on big-ticket deals for LSE-listed Guernsey companies. Downstream private equity M&A is equally a strength; key lawyers here include Andrew Boyce and Annette Alexander. In the regulated sectors, insurance M&A transactions were recently handled. The team's work also includes high-value UK-based property portfolio acquisitions for investment companies; David Crosland often leads on such mandates.
Tom Carey; Ben Morgan
Other key lawyers:
‘Tom Carey in Guernsey is extremely able and connected. Very responsive and knowledgeable. One of the top corporate partners in Guernsey with a particular focus on asset management.’
‘Full-service firm that is able to provide timely, concise and commercially sound advice. No task is too small nor too urgent. ’
‘Tom Carey is excellent. Incredibly knowledgeable and willing to work to tight timelines. Tom has a great attention to detail and is able to deliver creative solutions to problems as they arise.’
Lloyds Bank International Limited
GLI Finance Limited
Raven Property Group
- Assisted bd-capital Partners Management with the formation and launch of a single-asset investment vehicle which acquired a stake in Symprove, an innovative disruptor in the probiotics market.
- Advised Advent International on the acquisition of a 75% stake in the UK operations of Hermes parcel delivery group and a 25% stake in its German business for €1bn.
- Advised GLI Finance Limited on a restructuring and refinancing comprising a placing and open offer of shares, along with an issue of new bonds and warrants, and repayment of existing bonds.
Carey Olsen's 'preeminent' dispute resolution and litigation bench features a number of seasoned advocates specialising in the full span of engagements. Spearheading the restructuring and insolvency offering, David Jones tackles both multijurisdictional and purely domestic instructions. An island-leading criminal and regulatory offering is provided by Mark Dunster and practice head and 'first-class trial advocate' Elaine Gray; highlight recent matters related to complex competition issues in the utilities sector. 'Formidable litigator' Tim Corfield is a go-to name for regulated financial services clients, while Karen Le Cras leads on contentious trust disputes. Senior associates Julia Schaefer and Tim Bamford, and counsel Simon Florance lend their expertise to broader commercial disputes. Former partner John Greenfield continues to play a key role in the team as a full-time consultant.
Other key lawyers:
‘Tim Corfield – a formidable litigator. First-class advocate.’
‘Guernsey’s preeminent dispute resolution practice and is found on one side or the other in almost all complex commercial litigation (including fiduciary, cross-border and so on). It has by far the largest number of resources and highly skilled experts in a wide range of practice areas. The team is very collegiate and professional in approach with a highly diverse talent pool. They also have well-established relationships with leading counsel in other jurisdictions.’
‘Elaine Gray is qualified in several jurisdictions and clearly has the ear of the court being a first-class trial advocate. Her approach is also very commercial and approachable.’
‘The entire Guernsey team at Carey Olsen from receptionist, secretary, associate, and partner work as one. Unlike other firms I interact with, the left hand always knows what the right hand is doing.’
‘Mark Dunster and Luke Sayer are experts in their field and strategically savvy. Rather than being aggressive in their approach, they get results by being calm, pragmatic and by being intellectually one step ahead.’
‘David Jones continues to impress me. His availability and approachability is second to none and his ability to work under significant pressure whilst creating a great atmosphere is to be admired.’
‘Carey Olsen have a superb practice and carry the gravitas and experience that make them the advocates I would recommend above all others on the island. Indeed we carried out a beauty parade of Guernsey advocates and selected Carey Olsen. We have not been disappointed in our selection.’
‘Elaine Gray and Julia Schaefer have both provided excellent and responsive service.’
Alvarez & Marsal (Europe) LLP
Highland Capital Management
- Advised individuals from Alvarez & Marshall LLP in their capacity as joint liquidators of Joannou & Paraskevaides.
- Instructed as lead counsel successfully advising and representing Stenprop Limited, an LSE Main Market-listed entity, in a novel and innovative application for declaratory relief and remediation of the company’s status.
- Advised the parent company of BSG Resources Limited (in administration) in respect of opposing a winding-up application issued by the majority creditor of BSGR.
Guernsey > Employment Tier 1
The employment, pensions and incentives team at Carey Olsen 'is a force to be reckoned with' in employment tribunal proceedings. Market-first examples saw 'powerhouse' practice head Elaine Gray and counsel Natasha Newell ( who is praised as 'an accomplished and fearless litigator') handling notable equal pay disputes. Konrad Friedlaender and senior associate Julie Currie are the group's pensions experts, notably in regards to employee scheme governance issues and risk transfers. Through Mark Dunster, the team leads on matters with significant regulatory elements, including grandfathering provisions, immigration issues and appeals, professional negligence claims, and staff reorganisation procedures for financial services clients. Associate Lois Madden brings 'an abundance of experience and wise counsel' to a wide range of discrimination investigations.
‘Elaine Gray is absolutely amazing, she is responsive and proactive, extremely supportive and professional at all times. To be able to have such personal service from an extraordinarily busy partner is truly impressive.’
‘The employment team at Carey Olsen were our natural choice for handling complex and contentious employment matters that arose throughout the year. Their professionalism is second-to-none, their knowledge extensive and their ability to advise on appropriate strategies invaluable. We have absolute faith that Carey Olsen’s team is a force to be reckoned with at all stages of a matter.’
‘Elaine Gray is a stand-out in matters of employment law and really the only logical choice for matters of this nature. She is approachable, knowledgeable and incredibly pragmatic in her advice. We also worked with Lois Madden, who brings with her an abundance of experience and wise counsel; she was a joy to work with and made a potentially difficult situation run smoothly.’
‘Particular mention of Lois Madden – a rising star in the field of employment. Lois has valuable recent experience in the UK that is helpful in providing a balanced analysis and advice and guidance.’
‘The employment team is very collaborative. Between them they have lots of hands-on experience and are able to provide wise counsel.’
‘Elaine Gray – a powerhouse of knowledge whose advice is measured and whose experience and commerciality shines through. She is also down to earth and practical in her approach and is an excellent communicator as well as being a formidable litigator.’
‘The team’s practice is unique as not only are the team incredibly professional and capable, they are also very empathetic and supportive at all times. It is rare to find a team such as this who genuinely put the client first and strive to ensure the right outcome for the client rather than focus purely on fee-earning.’
‘Natasha Newell is an accomplished and fearless litigator. She quickly cuts to the core of an issue and is exactly who you want fighting in your corner.’
Guernsey > Insurance Tier 1
Carey Olsen’s insurance practice is a market leader in the field of risk transfer transactions; both practice heads Christopher Anderson and Konrad Friedlaender are handling ongoing instructions on behalf of multinational pension fund clients, with highlights involving multibillion-pound assets. The team regularly takes care of headline insurance and reinsurance M&A deals for onshore clients; Natasha Kapp and senior associate Arya Hashemi contribute expertise on this side.
Christopher Anderson; Konrad Friedlaender
‘Konrad Friedlaender is very experienced in the field.’
MMC Treasury Holdings Limited (Marsh & McLennan)
Prudential Assurance Ltd
Phoenix Life Insurance Ltd
Aviva Life & Pensions
Euroben Life & Pensions
- Advised the trustees of the Willis Pension Scheme as part of a longevity swap transaction with Munich Re to manage longevity risk in relation to £1bn of pensioner liabilities in the scheme.
Guernsey > Investment funds Tier 1
Fielding the largest investment funds team in Guernsey, Carey Olsen’s comprehensive bench is highly praised by clients and peers alike. The group handles fund launches for international fund managers across the full breadth of asset classes, ranging from real estate and private equity to energy and multibillion-dollar infrastructure funds. Key partners include 'stand-out' team head Ben Morgan (who also assists with fund migrations under the nascent fast-track process), Annette Alexander (who is praised as 'one of the most responsive people in the industry'), Andrew Boyce, David Crosland and senior associate Gemma Campbell. The practice is retained by the majority of LSE-listed funds domiciled in Guernsey.
‘In-depth knowledge of the investment funds sector and regulatory framework across all participant types. Very proactive and exceptional turn-around speed.’
‘Andrew Boyce highly experienced.’
‘Availability and approachability of Ben Morgan. Great value for money. Commercial and not overly-legalistic.’
‘Deep knowledge as a result of Carey Olsen having the lion’s share of the investment business in Guernsey. This allows them greater knowledge of developments in the fund industry and how the regulator is dealing with particular structures both on establishment and dissolution.’
‘Ben Morgan is standout. Deep knowledge, accessible and understands what his clients require and what their risk profile is. He gets to the point, explains the law and deals with the practical implementation. He makes himself available and in the 16 years he has acted for me is consistent and a pleasure to deal with and that is coming from a lawyer.’
‘Group of excellent lawyers who offer responsive, pragmatic, commercial legal advice.’
‘Strong legal advice with a desire to achieve and maintain human relationships with their clients. Putting the people side at the forefront is culturally aligned to my company.’
‘I would single out Annette Alexander as not only an excellent counsel but someone who I very much trust to have my (and my firm’s) interests in mind. She is also one of the most responsive people I have come across in the industry which makes my life so much easier!’
JP Morgan Global Core Real Assets Limited
Hambro Perks Asset Management Limited
Inflexion Private Equity Partners LLP
Deutsche Beteiligungs AG
Alchemy Partners LLP
- Provided Guernsey legal and regulatory advice to Coller Capital on the formation, structuring and launch of Coller International Partners VIII, a new fund domiciled in Guernsey.
- Advised VinaCapital Investment Management on the migration of the investment manager’s licence and registration to Guernsey – the first such inbound migration to use the GFSCs new fast-track application regime for managers of overseas funds.
- Provided Guernsey legal, regulatory and tax advice to Deutsche Beteiligungs AG on the formation, structuring and launch of DBAG Fund VIII, a new fund domiciled in Guernsey with commitments of €1.1bn.
Natasha Kapp (who is described as 'a great client handler with tremendous expertise in complex trusts') and practice head Russell Clark ('an outstanding technical lawyer') in Carey Olsen’s trusts and private wealth practice frequently assist with the establishment of foundations and philanthropic structures for clients originating from the Middle East, China and South East Asia. Konrad Friedlaender is a go-to Guernsey lawyer for prolific high-net-worth individuals and family offices, including those from South Africa, while also working closely with dedicated pensions senior associate Julie Currie on international pensions structures. The team also acts on trust restructurings through the courts. Counsels Patricia Montgomery and Laila Arstall are key names at the below partner level, acting for trustees and beneficiaries across a range of instructions.
Other key lawyers:
‘A full-service offering with key members of the team that gives you confidence you are being advised by the best.’
‘Natasha Kapp continues to provide pragmatic advice to both protectors and trustees with the ability to deal with unique situations.’
‘The private client, trusts and tax practice at Carey Olsen is a leader in the field with a team of the very highest quality out there, especially at partner and more senior associate level. The team combines technical excellence in their respective jurisdictions with a fantastic level of client service and practical nous. They are engaging, highly collaborative and client-centric. We enjoy working with them as it is a rewarding experience as they share our values, are efficient and helpful.’
‘Russell Clark is a stand-out partner and leader at the firm – can’t sing his praises highly enough – he is an outstanding technical lawyer, deeply experienced not just in leading advice or on big restructuring projects but also in navigating all the nuances of working with families, family offices and trustees. He wears his excellence lightly and is highly respected yet also fun.’
‘Natasha Kapp is a great client-handler with tremendous expertise in complex trusts and advising dynastic families. She very much deserves her excellent reputation as an efficient, collegiate and talented practitioner.’
‘Leading practitioner in terms of brand. Strength in depth. Industry awareness. good interaction with industry re flyers and seminars. Have practitioners with multiple specialisation who can be drawn upon.’
‘Konrad Friedlander is a pensions law expert.’
‘They are extremely knowledgeable, reliable and always respect deadlines, even if they have to work overtime every day! They will do their level best to assist the trustees. They are so good at what they do and I wouldn’t recommend anyone else apart from Carey Olsen.’
Jersey > Banking and finance Tier 1Carey Olsen’s ‘first-class‘ banking and finance practice has recently secured a number of new panel appointments from global, household-name banks, for which the team is advising on fund financing arrangements, sometimes with facilities surpassing €1bn. ‘Solid, experienced and dependable‘ practice head Robin Smith leads on this work, while another team strength is financial restructuring — including debt-for-equity swaps — with the ‘outstanding talent‘ Kate Andrews and senior associate Rebecca McQuillan acting for high-profile debtors and creditors alike. Key individuals for real estate finance transactions include Peter German, described as ‘head and shoulders above the competition‘, and counsel Fiona Dalton. The team is a premier name in the financial regulatory space, including in regards to utility and security token issuances.
‘The team is first class, understands client needs and is reactive and knowledgeable.’
‘Peter German is fantastic, a stand-out Jersey practitioner and our first choice. Nothing is too much trouble and head and shoulders above the competition.’
‘Laura Healy is one of the finest practitioners we work with. She is proactive at getting the job done and provides excellent technical advice.’
‘The Carey Olsen team is highly talented, hugely experienced, commercial, pragmatic and responsive. They adopt a collaborative approach, working in partnership with clients and keep the client apprised along the way in terms of transaction updates, identifying issues and foreseeing problems before they arise, coming up with solutions and adopting a transparent approach to fee charging arrangements. They have invested heavily in technology and are very much in tune with the the needs of their clients and help steer a path to success. A truly top-tier global team which has embraced diversity and maintained a culture which is aligned to getting the job done, supporting the needs of clients and being a pleasure to deal with. They have also taken the lead in relation to CSR and ESG related matters and continue to lead from the front and stand out from the crowd.’
‘Kate Andrews is an absolute joy, calm, considered and an outstanding talent.’
‘Robin Smith is solid, experienced and dependable and champions the firm’s ESG initiatives.’
‘Kate Andrews is one of our go-to Jersey lawyers for support on any restructuring matter. She is technically very strong but also extremely responsive, user friendly and a pleasure to work with.’
‘Clear understanding of the Jersey market; unambiguous approach to provision of services; no-nonsense approach to working as one team when an investment transaction is being led out of another jurisdiction, such as UK. Sounds simple, but so many others get it wrong!’
Ad hoc committee of creditors – Pizza Express
Ad hoc committee of creditors – FatFace
Ad hoc committee of creditors – Doncasters Group
Ad hoc committee of creditors – Survitec Group
Cale Street Partners
Royal Bank of Scotland International
States of Jersey
Ports of Jersey
- Advised the creditors on a £1.1bn debt-for-equity restructuring of Pizza Express.
- Acted as lead counsel advising the Government of Jersey, the States of Guernsey and the Isle of Man Government (with the assistance of their Attorney General’s Chambers) on the establishment of the Crown Dependencies £140m Covid-19 business interruption loan guarantee schemes including drafting the principle scheme document and negotiating heads of terms.
- Advised on the acquisition of 1&2 New Ludgate, London for Sun Venture.
Jersey > Capital markets Tier 1
Carey Olsen’s capital markets team is one of Jersey’s leading for high-yield TISE listings. Professionals include Kate Andrews, practice head Simon Marks, counsel Matthew Ecobichon and senior associate Ashley Morrison (who is 'running with deals like a partner and provides helpful and spot-on input'). The firm acts for a diverse client roster of global investment banks, private equity groups and issuers on all other debt transactions, including securitisations, structured transactions and investment-grade bonds. On the equity side, the team is handling a swathe of LSE listings via cash box structures for UK insurance and infrastructure companies.
‘Carey Olsen in Jersey has an excellent structured finance practice with a first-rate team. They are adept at both the practice of law as well and keeping transactions running smoothly and well.’
‘Simon Marks is professional, commercial and great to work with. He has a deep understanding of debt capital markets and securitisation and provides excellent, timely legal advice. Simon has a deep insight into the commercial workings of transactions and provides timely, well-reasoned advice.’
‘Counsel Matthew Ecobichon is a very knowledgeable lawyer and runs transactions very well. Matthew provides excellent service on structured finance transactions and inspires confidence both with his clients and other deal parties.’
‘A truly strong resource for high-yield issuances with Jersey companies in the structure (including in distressed situations) and for listings on TISE. The team provides hands-on advice and delivers on time and in exceptional quality.’
‘Ashley Morrison is running with deals like a partner and provides helpful and spot-on input – my go-to resource for deals with a Jersey aspect.
‘Simon Marks remains a great source of reference for bespoke questions.’
‘Simon Marks is a real leader and alongside Kate Andrews are two leading individuals in their field.’
Atlantica Sustainable Infrastructure
Existing bondholders to Virgin Atlantic Airways
Thame and London (Parent to Travelodge Group)
- Advised existing bondholders and the issuer in relation to Virgin Atlantic’s solvent restructuring and recapitalisation plan.
- Instructed by Hiscox Ltd in relation to an equity issuance using a Jersey cash box structure.
- Instructed by Atlantica Sustainable Infrastructure in relation to a green exchangeable senior notes issuance by way of a Jersey ERPS structure.
Jersey > Commercial property Tier 1
Carey Olsen’s property law group is retained by prestigious domestic clients including The States of Jersey Development Company and transport infrastructure administrator Ports of Jersey. 'Exceptional' practice head Christopher Philpott, Alex Ohlsson and counsel Will Whitehead have been advising the former on the planning and pre-sale phase of top-shelf mixed-used developments in St. Helier. Indicative of his innovative leasing capabilities, Philpott also took the lead on Jersey Electric’s find-of-a-kind installation of solar arrays on an external property. Another team strength is acting for leading financial institutions on development financing transactions.
‘The team provide a comprehensive service where one of the team is always available, working as a team and up to speed with the transaction to provide continuity.’
‘I deal with the property and litigation teams at this firm. Both teams have, in my opinion, the best individuals in a local law firm who offer consistent and commercial advice that help us to run our business.’
‘Experienced and large team who we have worked with on major projects.’
‘Very flexible and responsive – and very commercial.’
‘Chris Philpott is exceptional. Always coming up with new thoughts and ideas.’
‘Carey Olsen have helped us develop a completely new commercial offering in our local industry setting. The process has been challenging at times but through excellent collaboration, ingenuity and problem solving, we have made it a success.’
‘Lyndsay Houlette has provided a fantastic level of service; she’s been able to provide answers and guidance on a very wide range of issues, and always within a very short timescale.’
‘Carey Olsen has exceptional depth of experience. Solid, well established and highly regarded team.’
Ports of Jersey Limited
The States of Jersey Development Company Limited
Jersey Electricity plc
Affinity Private Wealth/Affinity Trust Limited
New Look Retailers (CI) Limited
Computershare Offshore Services Limited
Don Street Investments Limited
Euro Garages Limited
Handpicked Hotels / Hotel L’Horizon Limited
Stratagem Properties Limited
Suntera (formerly SMP Helm)
Team Athlete Holdings (Jersey) Limited
Santander Financial Services plc
HSBC Bank plc
Skipton International Limited
The Royal Bank of Scotland International Limited t/a NatWest International
- Advising the Ports of Jersey on the management and restructuring of its unique and extensive property portfolio.
- Advising The States of Jersey Development Company in connection with the mixed-use property portfolio and residential development project Horizon.
- Advising Jersey Electricity on the lease agreements for the utility company’s solar arrays at both Woodside Farm and Jersey Dairy – the first solar photo-voltaic arrays to be installed by the client on sites in Jersey outside its own property portfolio.
With a sizeable team of well-regarded corporate lawyers — including James Willmott, David Taylor and Alex Ohlsson — and a client roster comprising top-flight public and private companies, Carey Olsen routinely acts on Jersey’s headline M&A transactions. Not limited to deal work, practice head Guy Coltman also veers into the semi-contentious space, particularly in regards to shareholder disputes. The team has witnessed an increase in distressed sales and recapitalisations for a range of clients including technology, financial services, retail and engineering companies. Counsel David Allen assists with Jersey schemes of arrangement, while senior associate Katherine Tresca contributes to downstream private equity deals.
‘Carey Olsen has a reputation for a strong corporate practice. We have worked with Guy Coltman in respect of some challenging corporate law matters. His knowledge of corporate law coupled with a agile legal brain provided strong and impressive technical support. Excellent negotiation skills.’
‘There is strength in this team, they have close ties with international law firms and a reputation for supporting complex cross-border transactions.’
‘All excellent technically, approachable, pragmatic.’
‘Carey Olsen have a real strength in depth within their corporate team – they take a proactive approach to both client and matter management, ensuring even the most complex of tasks are completed efficiently and to the highest level.’
‘David Taylor is my main contact, and deals with all of our transactional matters – he is dedicated, proactive and has a thorough understanding of our business.’
‘The team at Carey Olsen understand how our business works and what we need, and they are very good at delivering this in an efficient manner. I would strongly recommend them.’
‘Guy Coltman is supremely commercial.’
Charterhouse Development Capital
Helm Trust Company
LCN Capital Partners
Lloyds Bank Group
The States of Jersey Development Company
- Advised Delphi Technologies, listed on the NYSE, on its acquisition by BorgWarner in an all-stock deal with a transaction value of $3.3bn.
- Advised global fashion retailer New Look on a recapitalisation of its finances that included a £550m debt for equity swap and capital injection of £40m.
- Advised on the cross-border merger of KPMG Channel Islands and KPMG Isle of Man to form a single practice operating across the Crown Dependencies.
Dispute resolution Tier 1
Owing to 'a very impressive team from top to bottom,' Carey Olsen fields a preeminent trust litigation practice, acting for trustees and beneficiaries. Andreas Kistler and counsels Louise Woolrich and Richard Holden handle a constant stream of high-value proceedings pertaining to trustee removals, generational disputes, breach of trust issues and professional negligence claims. Marcus Pallot takes the lead on major contentious insolvencies for publicly traded companies and funds, as well as creditors. Practice head and 'very impressive litigator' John Kelleher leads on insurance and broader commercial disputes including shareholder litigation and associated damages claims, while William Grace takes on substantial proceedings with a regulatory angle.
‘Richard Holden managed quite well a multijurisdictional issue involving transactions spanning a decade very efficiently and on a tight budget.’
‘Commercial, responsive and engaged. A very impressive team from top to bottom.’
‘John Kelleher leads the team and is a very impressive litigator. He is sensible, commercial but combines that with a razor-sharp legal mind. My top choice for Jersey work.’
‘I have worked with Richard Holden who has proved a valuable counsel. Richard is quick to understand and appreciate his customer’s position and concerns. He has the ability to communicate in a very clear manner the options in dealing with a situation, the possible risks of each one and provide a fair estimate as to how each option is likely to turn out. He has been impressive in providing a recommendation for a way forward and forming an overall strategy for a case.’
‘Down-to-earth realists who apply the skills and knowledge practically without airs and graces.’
‘The team was able to assist us with and guide us through a difficult and sensitive dispute, resulting in a favourable outcome for us. The team was pragmatic and sensible in its approach and was able to present us with various options that would work within our budget in a field of law where we had little or no court precedent to rely on. The collaboration was seamless and the team was able to accommodate any of our requests on short notice.’
‘Andreas Kistler and Louise Woolrich made a great team of no-nonsense, effective problem solvers.’
‘Marcus Pallot is an outstanding lawyer who provides the highest level of confidence during any difficult dispute. He evidences the highest levels of knowledge and experience, giving us peace of mind.’
Abu Dhabi Commercial Bank
Hard Rock Limited
Zurich Insurance plc
- Acting for Consolidated Minerals Limited to defend allegations of $500m fraud made by Ukrainian bank JFSC PrivatBank.
- Represented Kaupthing as limited partner in an English law fund in an application to replace the general partner as liquidating trustee.
- Acted for the Hard Rock group in relation to allegations of fraud and misrepresentation by employees.
Notable clients of Carey Olsen’s contentious regulatory practice include regulated financial services institutions and online gambling companies. Representative matters saw William Grace (who is 'an encyclopaedia of legislative and regulatory laws') acting for international banks in AML prosecutions initiated by the Attorney General, while practice head Marcus Pallot successfully represented regulated investment business entities against JFSC enforcement actions regarding high-risk stock investments. Oliver Lindop is a key senior associate who recently advised on a judicial review into a contested TIEA notice. The team also provides non-contentious support on internal regulatory compliance issues.
‘There is a real depth in the knowledge of the spirit of the regulatory framework. This understanding helps Carey Olsen provide meaningful and commercial advice giving their clients and industry a clear direction.’
‘William Grace – he is an encyclopaedia of legislative and regulatory laws.’
‘Always willing to discuss matters and will look at the whole picture rather than just concentrating on a single matter.’
‘Sound and experienced legal advice backed up with strong commercial acumen and a good understanding of their client’s specific/practical needs in any given situation.’
‘I have worked with William Grace in the regulatory practice on a number of matters and have always found his advice to be business focused and practical. William’s knowledge of the rules and their application is second to none and he is able to be very clear and is able to distil complex challenges into layman’s terms.’
‘The team is always available to discuss regulatory issues and also make us understand the challenges that may be encountered in resolving the issues. Their knowledge of the underlying laws is particularly impressive within the firm and Carey Olsen remain our key ally in staying abreast of current and future legislative changes.’
‘There are two key individuals within the firm that I would consider go-to partners, namely William Grace and Marcus Pallot. William Grace is always the first point of contact in relation to reciting and understanding the regulatory framework that we operate under in Jersey. Marcus provides the “air cover” when I am unable to locate William and is both concise and decisive when we need action.’
‘Oliver Lindop is very practical and calm. Very responsive.’
- Defending LGL and Abu Dhabi Commercial Bank in high-profile prosecutions for breaches of the Money Laundering Order, the key AML legislation which the industry has to comply with.
- Resolving a long-running regulatory investigation for Brooks Macdonald.
- Acted for a trust company on the Jersey aspects of a high-profile Vatican scandal involving London property investments.
Jersey > Employment Tier 1
At Carey Olsen’s employment, pensions and incentives practice, co-head Siobhan Riley deals with the breadth of HR issues, ranging from remote and flexible working matters and employee mental health to employee data protection issues (including subject access requests). The contentious bench includes co-head and counsel Huw Thomas and senior associate Tarina Le Boutillier as key team members; the team represents domestic and international employers in tribunal proceedings. Alexa Saunders, counsel Stephen Fitzgerald and senior associate Julie Currie (who splits her time between Guernsey and Jersey) all have a core pensions focus; notably, the team is retained by the Jersey Government’s public service pension fund.
Siobhan Riley; Huw Thomas
‘They have extensive and broad pension knowledge, mixed with extensive trust knowledge.’
‘Julie Currie has been amazing this year. She has kept on top of all issues during what has been a really busy year, and has provided me a colleague and a secretarial back-up which has made her far more than a paid legal advisor. In addition she has worked diligently and always provided well-researched, comprehensive and understandable advice. She works well with Siobhan Riley.’
‘I work with Huw Thomas in the Jersey practice- always very pragmatic and puts matters into broader context. Huw initiates regular touch points and invests in the relationship with us.’
‘The team are always very responsive to direct requests for assistance and quick to be proactive on local issues affecting HR teams in Jersey with regular webinars and news sheets which are accurate and very helpful.’
‘Julie Currie is a pensions expert and is especially helpful in providing advice on regular day-to-day legal matters.’
‘I find the Carey Olsen team to be leaders in their field and wholeheartedly recommend them when asked by peers who I partner with as external legal counsel. The element that sets them apart from others is their ability to translate employment law and share that with me in a way that is risk aware, commercial and pragmatic.’
‘Very well-respected professional firm. Known for its people and ability to deliver for their clients.’
‘Huw Thomas – Probably the best employment lawyer I know, and I deal with a lot. He has a very practical and pragmatic approach and can articulate this in to sound advice. He will go above and beyond, offering free insight to HR forums, business networks and the like.’
Committee of Management of the Public Employees Pension Fund
Management Board of the Jersey Teachers Superannuation Fund
Fairway Trust Limited
- Advising the Committee of Management of the Public Employees Pension Fund, the largest public sector pension scheme in the Channel Islands.
- Advising the Management Board of the Jersey Teachers Superannuation Fund, a scheme for teachers employed by the island’s government and by certain local private schools on the island.
- Acted for Fairway Trust Limited in relation to a significant recent employment tribunal which involved the dismissal of a senior director and subsequent tribunal proceedings for unfair dismissal and wrongful dismissal.
Jersey > Investment funds Tier 1Carey Olsen is a true market leader in the investment funds space, advising a substantial quantity of Jersey-domiciled funds on formations across the breadth of asset classes. Daniel O’Connor, James Mulholland, Christopher Griffin and Robert Milner advise premium European private equity funds on launches reaching into the multibillion-pound strata. The firm attracts mandates from high-calibre clients such as Blackstone Group and Nordic Capital. World-leading real estate funds are also present on the client roster, for which counsel Claire Le Quesne acts on the full spectrum of engagements. Griffin also assists with cutting-edge crypto funds, token offerings and ICOs.
James Mulholland; Robert Milner
‘Great commercial understanding, high availability.’
‘The best funds team in Jersey. Excellent advice and delivered in a smooth manner.’
‘James Mulholland is a great operator. Very calm under pressure and he gives us great confidence. He has his finger on the pulse and is very good at resolving complex legal questions.’
‘Practical, user-friendly, commercial and responsive.’
Apollo Global Management
Appian Natural Resources Fund GP II
Capital & Counties
CBRE Global Investment Partners
Centricus Partners LP (formerly F.A.B. Partners LP)
Davidson Kempner European Partners
Delancey Real Estate Asset Management
ED Group Holding
EPIC Private Equity
Epiris Managers (formerly Electra Partners)
FSN Capital Partners
Gramercy Europe (Jersey)
Gulf Islamic Investments
Insight Venture Partners
Janus Henderson Group
Kennedy Wilson Europe Real Estate
Lothbury Investment Management
M7 Real Estate Financial Services
Mondrian Investment Partners
Oaktree Capital Management (UK)
Patron Capital Advisers
Quinbrook Infrastructure Partners
Realty Income Corporation
RK Investment Management
Schroder Real Estate Managers (Jersey)
Softbank Group Corp
The Blackstone Group
- Advised Singapore-based Sun Venture on a Jersey private fund facilitating the £552m acquisition of 1&2 New Ludgate, London.
- Advised Blackstone Group on the Jersey aspects of its acquisition of IQ Student Accommodation, which included two Jersey Property Unit Trusts, from Goldman Sachs for $4.7bn.
- Advised Nordic Capital on all aspects of Jersey regulatory, corporate and financing aspects of the launch of Nordic Capital Fund X, which held a €6.1bn close in less than six months in wholly remote capital raise.
Carey Olsen’s 'cutting-edge' trusts and private wealth practice is stacked with seasoned professionals fielding expertise across the entire breadth of non-contentious matters. The practice is led by the 'responsive, solutions-driven and commercial' Siobhan Riley, who regularly advises on the structuring of private and commercial trust structures for clients across the globe. Keith Dixon and the 'highly intelligent and knowledgeable' Alexa Saunders have robust knowledge of foundation and charities law respectively, while counsels Stephen Fitzgerald and Victoria Connolly advise on structures holding pensions and employee incentives. Andreas Kistler takes on mandates with semi-contentious elements, including relief applications before the Royal Court.
Other key lawyers:
‘I find the Carey Olsen team to be very expert and responsive, they are willing to work outside normal hours and always seem keen to help.’
‘Alexa Saunders is highly intelligent and knowledgeable, and someone who applies that knowledge and experience practically and commercially.’
‘Siobhan Riley – responsive, solutions driven and commercial.’
‘They are always available for whatever we need. They take the time to understand the brief and work is completed in good time and at a reasonable fee. The team are friendly, and the best I have worked with in Jersey.’
‘We work primarily with Keith Dixon and he is extremely helpful, considered and always available. We really value his expertise and assistance.’
‘The Carey Olsen team provides cutting-edge legal advice and is always available at the shortest of notice to assist on the most complicated of matters. A pleasure to work with and they have the ability to handle any issue.’
‘I work with Alexa Saunders and Victoria Connolly, both of whom are excellent and who have provided robust and commercial advice on difficult trust issues. Their drive, enthusiasm and speed of response certainly put them amongst the very best advisers in Jersey.’
Jersey > Family Tier 2
At Carey Olsen, the key contact for family law advice is 'extremely impressive' senior associate Lauren Glynn, who is knowledgeable about cross-border pre-nuptial agreements and partnership dissolutions that involve assets of high value. Marcus Pallot provides partner-level litigation support, and together with Glynn, handles children’s law cases, including highly sensitive matters involving abuse allegations.
Other key lawyers:
‘They were honest and truthful even if they knew it wasn’t what I wanted to hear. They were incredibly patient in my case and listened and advised appropriately.’
‘Lauren Glynn: Very approachable and practical. Her knowledge on family law was excellent, even though it is constantly changing. I was never misled or given false hope. Toward the end of our case, the trust I had in Carey Olsen, in particular Lauren, made difficult decisions easier.’
‘Having used this firm for over 10 years in both a personal and business capacity, I must say that not only is the knowledge base second to none but just as important is the practical way solutions are found.’
‘Not only is there a passion to get the correct result, but it’s undertaken in a collaborative approach with the client, keeping them appraised at each stage.’
‘Both Marcus Pallot and Lauren Glynn are brilliant in explaining the action being taken at any one time while considering the bigger picture. I would also commend them for their lateral thought process, which has in the past saved hours of work and in turn money.’
‘I have worked with Lauren Glynn on a matter recently. She was extremely impressive, able to process and address all the complexities in the matter swiftly and succinctly. She also had an ever-courteous and constructive manner. In consequence I have just recommended her for another matter and would not hesitate to continue to do so in future.’
‘Lauren Glynn in the family team is extremely knowledgeable, approachable, and detailed. She works really well alongside the team’s trust practice and the overlapping aspects of legal work that this presents.’
Offshore firms in London Tier 2Carey Olsen LLP has a growing London-based practice led by Jasmine Amaria and Richard Brown. The corporate Caribbean section in particular has expanded greatly since the 2019 arrival of Amaria, who brought extensive Virgin Islands and Cayman law experience to the team, especially in relation to corporate, finance and funds matters. Recently, her team has been busy with a number of contentious matters relating to restructurings, real estate deals, negotiations and de-investments. ‘Superb litigator‘ Brown is in charge of the ‘top-notch‘ Virgin Islands litigation practice, and his caseload focuses on fraud-related instructions. ‘Excellent’ counsel Sheba Raza, who has experience in Bermuda and BVI corporate and finance transactions, and senior associate Nina Clift, an offshore trusts specialist, are also noted. The office was recently boosted by the relocation of disputes and insolvency specialist Jan Golaszewski from the Cayman Islands.
Jasmine Amaria; Richard Brown
Other key lawyers:
‘The team is staffed with lawyers with significant offshore and onshore private practice experience. They have the knowledge and depth of the larger offshore firms, combined with the client service levels and senior attention typically only achieved with smaller offices. They are responsive and hungry to build the practice, which translates into excellent service for clients.’
‘Sheba Raza has been an excellent hire for an ambitious team – she gives them credibility and a long list of contacts in London. Sheba is great at maintaining relationships outside the deal – she is a trusted counsel who is committed to the long term.’
‘The BVI litigation team in London is a top-notch group with the advantage of being in our time zone. Very responsive and pragmatic.’
‘Richard Brown is down to earth, pragmatic and extremely helpful.’
‘Sheba Raza is very responsive, capable and has great attention to detail. She is a pleasure to work with on challenging transactions.’
‘Richard Brown is a superb litigator, strategist and consummate professional. Calm, cool and collected but with excellent legal, technical and commercial skills. He is our first point of call for any Caribbean or Channel Island advice.’
‘You can feel that they work as a team very closely together and always respond to emails in a timely manner. Jasmine Amaria is always there and very responsive, almost round the clock. It is assuring that she will take care of the client’s matters closely.’
M7 Real Estate
Grant Thornton LLP
FRP Advisory LLP
DLA Piper LLP
- Advised M7 Real Estate on the acquisition of a £156.9m retail parks portfolio from RDI REIT, and on the £85m acquisition finance with respect to the portfolio assets.
- Acting for the two claimants in a dispute following the sale by the claimants of their interest in a major energy consortium to the defendants.
- Advised Avianca Holdings on the Bermudan aspects of its $2bn debtor-in-possession financing to support its go-forward operating plan to emerge from Chapter 11 protection.
Carey Olsen > Firm Profile
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.
|Listing services||Annette Alexanderemail@example.com|
|Investment funds||Annette Alexanderfirstname.lastname@example.org|
|Investment funds||Christopher Andersonemail@example.com|
|Banking and finance||Andrew Boycefirstname.lastname@example.org|
|Investment funds||Andrew Boyceemail@example.com|
|Investment funds||Tom Careyfirstname.lastname@example.org|
|Banking and finance||Tom Careyemail@example.com|
|Trusts and private wealth||Russell Clarkfirstname.lastname@example.org|
|Dispute resolution and litigation||Tim Corfieldemail@example.com|
|Listing services||David Croslandfirstname.lastname@example.org|
|Investment funds||David Croslandemail@example.com|
|Dispute resolution and litigation||Mark Dunsterfirstname.lastname@example.org|
|Trusts and private wealth||Konrad Friedlaenderemail@example.com|
|Employment, pensions and incentives||Elaine Grayfirstname.lastname@example.org|
|Dispute resolution and litigation||Elaine Grayemail@example.com|
|Restructuring and insolvency||David Jonesfirstname.lastname@example.org|
|Dispute resolution and litigation||David Jonesemail@example.com|
|Trusts and private wealth||Natasha Kappfirstname.lastname@example.org|
|Listing services||Tony Laneemail@example.com|
|Property law||Davey Le Marquandfirstname.lastname@example.org|
|Property law||Jason Morganemail@example.com|
|Banking and finance||Ben Morganfirstname.lastname@example.org|
|Investment funds||Ben Morganemail@example.com|
|Taxation and Economic Substance||Elaine Grayfirstname.lastname@example.org|
|Private Client||Russell Clarkemail@example.com|
|Annette Alexander||Annette advises on a broad range of corporate matters with a particular…||View Profile|
|Christopher Anderson||Christopher is an advocate with an outstanding reputation both in Guernsey and…||View Profile|
|Laila Arstall||Laila has extensive experience in the formation and administration of trusts, companies…||View Profile|
|Tim Bamford||Tim is counsel and advocate in the dispute resolution and litigation group…||View Profile|
|Andrew Boyce||Andrew is a partner in the corporate and finance team and is recognised…||View Profile|
|Gemma Campbell||Gemma is a senior associate in the corporate and finance team. She…||View Profile|
|Tom Carey||Tom is a partner is the corporate and finance team. He advises…||View Profile|
|Russell Clark||Russell Clark heads up the trusts and private wealth team in Guernsey.…||View Profile|
|Tim Corfield||Tim is a partner and advocate in the dispute resolution and litigation…||View Profile|
|David Crosland||David is partner in Carey Olsen’s Corporate team. David undertakes a wide…||View Profile|
|Mark Dunster||Mark is a partner specialising in litigation, compliance and financial regulatory matters.…||View Profile|
|Mike Eades||Michael regularly advises local fiduciaries and high net worth individuals wishing to…||View Profile|
|Simon Florance||Simon is counsel to the dispute resolution and litigation team specialising…||View Profile|
|Konrad Friedlaender||Konrad is a consultant in the trusts and private wealth department and…||View Profile|
|Elaine Gray||Elaine is a partner in and head of Carey Olsen’s Guernsey dispute…||View Profile|
|John Greenfield||John is a consultant for the dispute resolution and litigation group in Guernsey where…||View Profile|
|Graham Hall||Graham is a consultant for the corporate and finance group in Guernsey where…||View Profile|
|David Jones||David is an advocate providing specialised advice in relation to business restructuring…||View Profile|
|Natasha Kapp||Natasha Kapp is a partner in Carey Olsen’s trusts and private wealth…||View Profile|
|Tony Lane||Tony advises on all aspects of corporate law in Guernsey, with a…||View Profile|
|Karen Le Cras||Karen is a partner and general counsel in the Dispute Resolution &…||View Profile|
|Davey Le Marquand||Davey is a partner in the property department and advises on private…||View Profile|
|John Le Tissier||John is a senior associate in the property team with significant experience of…||View Profile|
|Wendy Lewis||Wendy is counsel in the trusts and private wealth group and acts…||View Profile|
|Lois Madden||Lois is a senior associate in the dispute resolution and litigation team in…||View Profile|
|Patricia Montgomery||Patricia advises a variety of private clients and fiduciaries on all fiduciary law aspects,…||View Profile|
|Jason Morgan||Jason is head of the property group in Guernsey. He advises on…||View Profile|
|Ben Morgan||Ben is head of the corporate and finance group in Guernsey and…||View Profile|
|Andrew Munro||Andrew is an advocate of ten years’ standing with twenty years’ corporate…||View Profile|
|Natasha Newell||Natasha is a highly experienced litigator who has gained particular distinction in…||View Profile|
|Kieran Ogilvie||Kieran Ogilvie is a senior associate in our commercial property team in Guernsey.…||View Profile|
|John Scanlan||John is a senior associate in Carey Olsen’s Guernsey corporate and finance…||View Profile|
|Julia Schaefer||Julia is a senior associate in the dispute resolution and litigation team…||View Profile|
|Andrew Tually||Andrew is a counsel in Carey Olsen’s Guernsey office. Andrew has over…||View Profile|
British Virgin Islands: Private Client
Published: January 2022
Authors: Bernadette Carey Graham Stoute Chris Duncan Jasmin Davies
This country-specific Q&A provides an overview to Private Client laws and regulations that may occur in British Virgin Islands.
Cayman Islands: Private Client
Published: January 2022
Authors: Bernadette Carey Chris Duncan
This country-specific Q&A provides an overview to Private Client laws and regulations that may occur in Cayman Islands.
Guernsey: Private Client
Published: January 2022
Authors: Natasha Kapp Russell Clark Laila Arstall Patricia Montgomery
This country-specific Q&A provides an overview to Private Client laws and regulations that may occur in Guernsey.
Jersey: Private Client
Published: January 2022
Authors: Keith Dixon Elizabeth Le Guillou
This country-specific Q&A provides an overview to Private Client laws and regulations that may occur in Jersey.
Bermuda: Private Client
Published: January 2022
Authors: Keith Robinson Ashley Fife Stephanie Bernard Cheri Minors
This country-specific Q&A provides an overview to Private Client laws and regulations that may occur in Bermuda.
Bermuda: Banking & Finance
Published: February 2022
Authors: Steven Rees Davies Mary Ward Gavin Woods Charissa Ball Alexandra Fox
This country-specific Q&A provides an overview to Banking & Finance laws and regulations that may occur in Bermuda.
- Banking and finance
- Capital markets
- Commercial property
- Corporate and M&A
- Dispute resolution
- Investment funds
- Private client, trusts and tax
- Banking and finance
- Capital markets
- Commercial property
- Corporate and commercial
- Dispute resolution
- Dispute resolution > Regulatory and white-collar crime
- Investment funds
- Private client, trusts and tax