Press Releases

By attaining the highest level of membership with STEP, James has earned international recognition as an expert in trusts and estates. STEP is a global professional organisation comprising more than 21,000 professionals, including lawyers, accountants, trustees, and other practitioners who, as specialists in inheritance and succession planning, draft wills and trusts, administer estates, act as trustees and advise families on how best to structure their finances ...

The 2023 ceremony, which took place on 9 November at The HAC in London, celebrated outstanding performance by firms and individuals across 70 jurisdictions over the past year. Carey Olsen was named Guernsey Firm of the Year based on detailed industry research and feedback and recommendations from private practitioners and in-house counsel ...

Carey Olsen Bermuda Limited has achieved a new Tier 1 ranking for Regulatory and Compliance and has also maintained Tier 1 rankings for its Dispute Resolution and Trusts/Private Client practices ...

Carey Olsen Bermuda is now ranked Tier 1 for Regulatory and Compliance; Dispute Resolution; and Trusts/Private Client with Tier 2 rankings for Banking, Finance and Capital Markets; Corporate and Commercial; and Insurance/Reinsurance. Bermuda managing partner, Michael Hanson, said: "We are delighted that our office continues to advance in The Legal 500 Caribbean guide, having gained another Tier 1 ranking – this time for our Regulatory and Compliance team ...

Prior to joining Carey Olsen, Max's practice included corporate, mergers and acquisitions, and capital markets law at Clayton Utz in Sydney. He was called to the Bermuda Bar in 2015 and admitted as a lawyer of New South Wales in 2020. Max obtained his LLB from the University of Southampton and his LPC from BPP Holborn ...

Carey Olsen Bermuda partner Steven Rees Davies is the only Bermuda professional to have been named amongst the Top 50 Crypto Professionals for 2023, as chosen by Citywealth.The list showcases the leading figures in the cryptocurrency and digital assets field and is compiled through independent and extensive research. Citywealth has recognised Steven for his work on licensing, regulatory permissions and token redeeming and issuing ...

Tokenisation: The blockchain revolution for funds Although this is a developing area, many billions of assets under management have already been tokenised. High profile managers such as Franklin Templeton, Abrdn, KKR, Mitsui and Hamilton Lane have already launched tokenised products. Tokenised assets nonetheless still represent a tiny percentage of the funds industry. We expect this area to grow exponentially in the coming years ...

Where to relocate virtual asset series - spotlight on Cayman Islands In the second instalment of The Fintech Times' ‘Where to Relocate’ series, we turn the spotlight to the Cayman Islands as a VASP-friendly jurisdiction. Situated in the Caribbean, the Cayman Islands offer a unique blend of regulatory excellence, technological innovation, and a commitment to fostering the growth of digital assets ...

Of the 42 offshore law firms to feature across three tiers, Carey Olsen has been placed in Tier 1 alongside seven other multi-jurisdictional law firms. The rankings are based on a survey of over 50 private client offshore law firms across the globe which takes into account the number of private client partners, fee earners and staff ...

AJG is a Guernsey-based investment firm focused on long-term capital growth from listed Japanese equities of varying market caps. NAVF is a UK-based investment company which aims to target attractive levels of capital growth from investing in small and mid-capitalisation Japanese companies.AJG's assets have rolled over into NAVF in exchange for the issue of new NAVF shares to AJG's shareholders, or an option of a cash exit for up to 25% of AJG's issued share capital ...

The Notes are guaranteed by Transocean Ltd., Transocean Inc. and a wholly owned indirect subsidiary that initially will own the Deepwater Aquila and will be secured by a lien on the Deepwater Aquila and certain other assets related to the rig.The Notes bear interest at the rate of 8.000% per annum and are callable after 30 September 2025 ...

53 lawyers from across the firm's Guernsey, Jersey and London offices have also been recognised, with eight individuals achieving an improved ranking and two lawyers attaining new rankings.  Chambers & Partners identifies, ranks and differentiates the best talent in the legal industry across the globe. Chambers references extensive client feedback, noting that the Carey Olsen team "are first-rate at handling complex, cross-border mandates in tight timeframes ...

The list identifies the 40 most accomplished lawyers in Asia under the age of 40. Lawyers are selected based on their quality of work including advising on important deals, acting in key disputes, as well as recommendations from their clients and colleagues and potential for future growth. Helen joined Carey Olsen partnership in January this year and specialises in commercial litigation, shareholders disputes, fraud and investigatory cases and insolvency and restructuring matters ...

Cayman trusts: A toolbox for tough times Risky or speculative assets As part of their remit, trustees of Cayman discretionary trusts can hold a range of assets on behalf of the beneficiaries of the trust. However, where those assets are more speculative or subject to greater volatility, the risk of claims against the trustee can become very real ...

Founded in 1774, Birkenstock is a German shoe manufacturer and one of the top five footwear brands in the world. Renowned for the comfort, functionality and high quality of its products, it is the German footwear industry's largest employer and sells products in 90 countries spanning each continent.The Carey Olsen team advising was led by partner Guy Coltman, assisted by senior associate Steven Khan and trainee Zoe Salisbury. Kirkland & Ellis acted as lead counsel ...

Carey Olsen's investment funds team in Jersey has advised long-standing client and natural resources focused private equity investment advisor Appian Capital Advisory on the successful closing of its third fund, Appian Natural Resources Fund III, which has reached its hard cap of US$2.06 billion ...

Mercato retired its listing on Nasdaq as of market close on 29 September 23, and Nuvini commenced trading on Nasdaq as of market open on 2 October 2023. The merger follows Nuvini's drive for expansion, with the newly combined company holding an enterprise value of $235 million. Under the agreement, Nuvini is set to receive around $60 million in funding for the purpose of acquiring additional start-up companies, supplementing its existing portfolio of seven start-ups ...

At the session Steven and David will discuss 'Nuvem', a new transatlantic subsea cable system which will connect Portugal, Bermuda and the United States. Nuvem will improve network resiliency across the Atlantic, add international route diversity and support the development of information and communications technology (ICT) infrastructure for the continents and countries involved ...

Mauve provides a platform for trading virtual assets in a fully AML and KYC compliant manner whilst allowing users to maintain custody over their assets. It targets institutions and sophisticated users who require assurance that their counterparties to a trade have been verified and screened for sanctions and illicit activities. The Carey Olsen team was led by partner Chris Duncan and included attorney Nicholas Vasic and articled clerk Charlotte Crang ...

Tiantu is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies. It has a successful track record in managing capital for institutional investors and high-net-worth individuals ...

Quinbrook is a specialist investment manager focused on the infrastructure needed to transition to low carbon and renewable energy. The Fund, which was marketed exclusively to UK investors, aligns with the UK Government's ambition to achieve a fully decarbonised power system by 2035 ...

Socket is a protocol aimed at connecting blockchains and allows the transfer of data and assets across these chains for decentralised applications. The funding round was led by Framework Ventures and Coinbase Ventures, the venture arm of Coinbase, and will amongst other things help Socket and Coinbase simultaneously deliver cross-chain bridging infrastructure to Coinbase products. This will result in a seamless, more efficient experience for users across different chains ...

71 of the firm's lawyers achieved individual recognition in this year's guide. 16 Carey Olsen partners are featured in The Legal 500 Hall of Fame, which identifies lawyers who have been recognised for exceptional performance and have received praise from their clients for continued excellence. In addition, 29 of the firm's lawyers are recognised as 'Leading Individuals', nine as 'Next Generation Partners' and 17 as 'Rising Stars' ...

The transaction was implemented consensually with 100% support from the first lien lenders (including the RCF lenders) and the second lien lenders, as well as the existing shareholders. A consortium of investors led by Alcentra Limited, Baring Asset Management Limited, CVC Credit and KKR Credit have taken ownership of Flint Group ...

New corporate governance framework for Cayman managers and funds This typically involves (i) the manager/advisor performing investment business activities being registered with the Cayman Islands Monetary Authority (CIMA) under the Securities Investment Business Act (as amended) of the Cayman Islands as a registered person (registered person), or (ii) the fund being registered with CIMA as a mutual fund or private fund (Registered Fund and collectively with registered persons, regulated f