This has been driven by a rise in flexible working arrangements and the so-called 'gig economy' as well as by employers seeking creative ways to reduce costs in a restrained economic environment. With this in mind, the Employment Act 2000 was amended in 2021 to allow the Ministry of Economy and Labour to publish guidance to assist in determining whether a person is an employee or an independent contractor. The Ministry recently published 'Independent Contractor Guidance' to explain the key features of the employee-employer relationship and how this differs from an independent contractor relationship...
Carey Olsen News
Carey Olsen is a leading offshore law firm. We advise on Bermuda, British Virgin Islands, Cayman Islands, Guernsey and Jersey law across a global network of nine international offices. We are a full-service law firm working across banking and finance, corporate and M&A, investment funds and private equity, trusts and private wealth, dispute resolution, insolvency and property law. Our clients include global financial institutions, investment funds, private equity houses, multi-national corporations, public organizations, sovereign wealth funds, ultra-high net worth individuals, family offices, directors, trustees and private clients. We work alongside all of the major onshore law firms, accountancy firms and insolvency practitioners on corporate transactions and matters involving our jurisdictions.
Our advice is delivered by an approachable and experienced team of globally-minded lawyers who work in partnership with our clients to help them achieve their objectives. We have the expertise and resources to handle the most complex international transactions combined with a personal approach to business. In the face of opportunities or challenges, our clients know that the advice and guidance they receive from us will be based on a complete understanding of their goals and objectives combined with outstanding client service, technical excellence and commercial insight. Whether playing a lead or a supporting role, we always look at the bigger picture.
Areas of Practice
Guernsey Funds: registered or authorised - which to choose?
The registered fund regime offers a significantly faster approval process than that of authorised funds (other than QIFs): three days for RCIS Funds and one day for PIFs, relying in each case upon increased due diligence obligations on the part of the fund’s administrator. Authorised Funds which do not satisfy the QIF criteria will be subject to GFSC scrutiny at the outset and, consequently, the authorisation process will take significantly longer than the registration process (typically somewhere between four to six weeks). Authorised funds which do satisfy the QIF criteria can access the same fast-track (3 day) approval process as RCIS Funds...
Carey Olsen marks International Women's Day 2023 with the launch of Women's Network
Led by the firm's female partners, the Carey Olsen Women's Network will facilitate meaningful collaboration and support amongst women across the firm and provide a framework to help women at Carey Olsen build on their talents and achieve their potential. Among other things, Network members will benefit from access to mentoring from female partners and other senior women, support with career planning and business development, and skills and leadership training. The Network will also provide the opportunity to share experiences, advice and accomplishments and engage on policies and initiatives that encourage increased gender inclusivity in the workplace...
Carey Olsen advises Brydell Partners on latest real estate fund
The Fund, which achieved a final close of £267 million, has been structured as a Jersey Private Fund (JPF) and has a focus on UK real estate investments. Brydell Partners invests its own capital alongside managed discretionary funds, raised from global institutional LPs.The Carey Olsen team advising Brydell Partners on the Jersey law aspects of the fund launch was led by partner James Mulholland and assisted by senior associate Arindam Madhuryya and associate Niamh Murphy...