Chelsea McVay

Full Profile

Chelsea began her career at Clyde & Co as a Paralegal in 2022, rotating through various teams in the firm before completing her clerkship and Law Graduate program in the Corporate Insurance & Regulatory team, gaining exposure to a wide range of corporate advisory matters, as well as experience in the employment and WHS space. 

She was admitted in December 2024 and is now an Associate in the Corporate Insurance & Regulatory team, with experience in advisory, litigation and transactional work. Chelsea has a particular interest in financial services regulations and regulatory compliance, in areas such as AML/CTF, anti-bribery and corruption, whistleblowing, sanctions and modern slavery. 

Experience

• Regulatory compliance - presenting on AML/CTF compliance, reviewing AML/CTF policies and risk assessments, modern slavery statements and whistleblowing policies, advising on Australian sanctions regimes
• Transactions - assisting in advising the buyer in a cross-jurisdictional acquisition of an MGA, assisting with other aspects of a transaction such as drafting amendments to key documentation
• Incorporation and establishment – assisting with the incorporation of subsidiary entities, assisting in advising on the establishment of a law firm in Australia and associated compliance obligations
• Policy and contract review – reviewing policy and contract wording and identifying material issues, particularly with respect to the Unfair Contract Terms (UCT) regime 
• Commercial dispute resolution - assisting in advising clients in relation to commercial disputes, subrogated recovery and debt recovery
• Claims - assisting insurance clients with settlement of claims, drafting AFCA submissions and declinatures, and COVID Business Interruption claims
• ASIC/APRA/ACCC regulatory compliance - assisting clients in preparation for the Financial Accountability Regime (FAR), advising on compliance with Australian Financial Services Licence requirements, assisting clients with ASIC updates and filings, advising on the upcoming ACCC merger control regime
• Litigation - assisting client throughout the litigation process on a complex employment dispute in the Federal Circuit and Family Court of Australia in Melbourne
• Insurance/reinsurance advice – assisting in advising insurers and reinsurers on carrying on business in Australia and associated authorisations (including unauthorised foreign insurer exemptions, Australian financial services licences, authorised representatives), assisting in advising on feasibility of establishing products in Australia from a legal and regulatory perspective
• Employment – assisting clients with respect to drafting employment contracts, deeds of termination and release, and settlement agreements, assisting in an employment investigation