Nick Williams
Partner | Legal
Jersey
Partner
Jersey
Big things are happening at Ogier. Change is embedded in everything we do. It is redefining our talent, our ways of working, our platforms of delivery, our culture.
Services
We have the expertise to handle the most demanding transactions. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies means we add real value to clients’ businesses.
Sectors
Our sector approach relies on smart collaboration between teams who have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients to see around corners.
We have the expertise to handle the most demanding transactions. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies means we add real value to clients’ businesses.
Legal
Corporate and Fiduciary
Consulting
Banking and Finance
Corporate
Dispute Resolution
Employment law
Intellectual Property
Investment Funds
Listing Services
Local Legal Services
Private Wealth
Property law
Regulatory
Relocation Services
Restructuring and Insolvency
Tax
Banking and Finance overview
Asset Finance
CAYLUX Fund Finance
Debt Capital Markets
Derivatives
Fund Finance
Islamic Finance
Leveraged Finance
Listing services
Real Estate Finance
Regulatory
Restructuring and Insolvency
Structured Finance
Sustainable Finance
Corporate overview
Economic Substance
EIIS Services in Ireland
Equity Capital Markets
Insurance and Reinsurance
Listing services
Mergers and Acquisitions
Private Equity
Real Estate Structuring, Acquisitions and Disposals
Regulatory
Technology and Web3
Dispute Resolution overview
Banking Disputes
Corporate and Financial Services Disputes
Crypto Disputes
Enforcement of Judgments and Awards
Fraud and Asset Tracing
Funds Disputes
Insurance Disputes
International Arbitration
Regulatory
Restructuring and Insolvency
Section 238 Shareholder Appraisal Rights
Shareholder and Valuation Disputes
Trusts Disputes and Applications
Investment Funds overview
Hedge Funds
Managers and Sponsors
Private Equity
Real Estate, Infrastructure and Energy Funds
Regulatory
Sustainable Investing and Impact Funds
Technology and Web3
Local Legal Services overview
Cayman Local Legal Services
Channel Islands Local Legal Services
Employment law
Estate Planning, Wills and Probate
Expat services
Family Office
Intellectual Property
Ireland Local Legal Services
Make your Guernsey will online
Make your Jersey lasting power of attorney online
Make your Jersey will online
Notary public services
Property law
Relocation Services
Private Wealth overview
Employee incentives and pensions
Estate Planning, Wills and Probate
Family Office
Make a Jersey lasting power of attorney online
Make your Guernsey will online
Make your Jersey will online
Private Wealth and ESG
Private Wealth and Jersey Private Funds
Relocation Services
Trust Advisory Group
Accounting and Financial Reporting Services - Ogier Global
Cayman Islands AML/CFT training - Ogier Global
Corporate Services - Ogier Global
Debt Capital Markets - Ogier Global
Fund Services - Ogier Global
Governance Services - Ogier Global
Investor Services - Ogier Global
Ogier Connect - Ogier Global
Private Wealth Services - Ogier Global
Real Estate Services - Ogier Global
Regulatory and Compliance Services - Ogier Global
Our sector approach relies on smart collaboration between teams who have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients to see around corners.
Ogier provides practical advice on BVI, Cayman Islands, Guernsey, Irish, Jersey and Luxembourg law through our global network of offices across the Asian, Caribbean and European timezones. Ogier is the only firm to advise on this unique combination of laws.
Keep up to date with industry insights, analysis and reviews. Find out about the work of our expert teams and subscribe to receive our newsletters straight to your inbox.
Fresh thinking, sharper opinion.
We get straight to the point, managing complexity to get to the essentials. Our global network of offices covers every time zone.
No Content Set
Exception:
Website.Models.ViewModels.Components.General.Banners.BannerComponentVm
News
08 November 2016
British Virgin Islands, Cayman Islands, Guernsey, Hong Kong, Jersey, Luxembourg Legal Services
Senior management will have to take a hands-on approach to compliance when the new UK offence of failing to prevent the facilitation of tax evasion comes into force, says Ogier's Head of Regulatory Services.
Partner Nick Williams says that the new strict liability offence, which targets companies and partnerships that do not have reasonable procedures to stop employees and other people associated with the business from assisting underlying tax evasion, will require a separate focus to existing compliance obligations, and will specifically demand that senior management take a direct role in promoting a culture of awareness and zero-tolerance in this area.
The law – currently contained in the UK's Criminal Finances Bill which was introduced to the House of Commons last month and is expected to be enacted next year - could potentially reach companies and partnerships outside of the UK, and places an onus on them to demonstrate that their culture and processes create a focused engagement on preventing the facilitation of tax evasion.
Nick said: "All firms involved in the financial services sector will have their own existing suite of compliance and regulatory obligations that they are familiar with, but it will not be enough to rely on those procedures in respect of the new law.
"This legislation specifically requires engagement from those at the top of organisations, and demands that they can demonstrate that they are integrally involved in efforts to prevent the facilitation of tax evasion.
"It will also demand specific risk assessment and due diligence processes as well as regular updates to staff training.
"From a regulatory point of view, any financial services provider which has a nexus with the UK or whose clients or customers are UK tax payers – no matter where that financial services provider is actually based - should be considering updating their procedures so that they can demonstrate an adequate approach to prevention. Whilst further guidance has been promised, existing guidance is sufficient for businesses to begin this process. Rapid implementation will be expected as and when the legislation is enacted, so early preparation is potentially very important."
Nick Williams
Partner | Legal
Jersey
Partner
Jersey
Sign up to receive updates and newsletters from us.
Sign up
No Content Set
Exception:
Website.Models.ViewModels.Blocks.SiteBlocks.CookiePolicySiteBlockVm