Nothing lasts forever... or does it? New perpetuities legislation introduced in the Cayman Islands The "old" rule The rule against perpetuities currently applicable in the Cayman Islands is derived from English law and is aimed at preventing individuals from 'tying up' their assets in trust indefinitely. Broadly speaking, the rule prescribes a set period – the perpetuity period – within which time the interest of each beneficiary must vest (i.e. each beneficiary must become absolutely entitled to the relevant property within a specified period). Where the rule is not adhered to, the trust will be void...
Carey Olsen
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Overview
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.
Year this Office was Established: 1898
Lawyers Worldwide: 250
Areas of Practice
Professionals
Partners
Matthew Grigg
PartnerMichael Hanson JP
PartnerJeremy Lightfoot
PartnerKyle Masters
PartnerMichael Padarin
PartnerSteven Rees Davies
PartnerKeith Robinson
PartnerSam Stevens
PartnerMatthew Watson
PartnerJames Webb
PartnerJay Webster
PartnerGavin Woods
PartnerOf Counsel
Charissa Ball
CounselStephanie Bernard
CounselAlexander Collis
CounselHonor Desmond-Tetlow
CounselMichelle Falcucci
CounselAshley Fife
CounselMichael Frith
Chairman - Senior CounselXia Li
CounselOliver MacKay
CounselMax Tetlow
CounselClaire van Overdijk KC
CounselDhanshuklal Vekaria
CounselTiffy Wan
CounselAssociates
Mahogany Bean
AssociateAdam Collieson
Senior AssociateEleanor Davies
Senior AssociateKalyani Dixit
AssociateCharlotte Donnelly
AssociateMatthew Dulaney
AssociateStewart Forrest
AssociateAlexandra Fox
Senior AssociateAnna Goodman-Jones
AssociateBradley Houlston
Senior AssociateLaura Kearns
Senior AssociateSteven Khong
Senior AssociateNicholas Lee
AssociateWinnie Lo
AssociateJonathan Marion
AssociateGeorge McCallum
AssociateChristopher McCarthy
Senior AssociateMichelle Meyer
AssociateCheri Minors
Senior AssociateMarcus Symonds
AssociateHeather Taylor
AssociateKatie Turney
Senior AssociateYi Yang
AssociateOther
Celine Chan
Business Development Manager - AsiaDilys Hung
Legal ManagerElla Nicholls
Communications ProfessionalArticles
Carey Olsen advises USA Rare Earth on its US$870 million business combination with Inflection Point Acquisition Corp. II
Carey Olsen advises USA Rare Earth on its US$870 million business combination with Inflection Point Acquisition Corp. II The proposed transaction values USARE at a pro-forma enterprise value of US$870 million and includes an initial circa US$35 million PIPE investment, of which US$25 million funded in connection with the signing of the business combination agreement. USARE is developing a vertically integrated US rare earth element magnet supply chain, with an early-mover advantage to become a significant ex-China producer. Founded in 2019, USARE has permanent magnet production equipment on site at its Stillwater, Oklahoma location...
Press
Guernsey: the choice for venture capital funds
Guernsey: the choice for venture capital funds
An original version of this article was first published by IFC Review, Tuesday 20 August, 2024
With respect to venture capital (VC) funds in particular, recent research conducted by global law firm Proskauer Rose LLP has revealed that Guernsey remains the most prevalent jurisdiction for European VC funds, with twice as many funds raised in Guernsey during 2022-2023 as compared to the next most popular jurisdiction.[1]
As the leading legal adviser to Guernsey’s investment funds sector by both number of funds advised and by assets
Energy performance certificates: a step towards sustainability
An original version of this article was first published by Business Brief, August 2024.
As part of its Climate Change Policy and Action Plan approved in 2020, the States of Guernsey has set a target of achieving ‘net zero’ greenhouse gas emissions by 2050. One measure under consideration to meet that goal is the introduction of an energy performance rating and certification system for buildings, known as Energy Performance Certificates (EPCs)...
Energy performance certificates: a step towards sustainability