Firm: Carey Olsen
Region: All
Jurisdiction: All
Carey Olsen | February 2024
Bermuda

Cayman toolkit for foreign arbitration PRC arbitration injunction In Leed Education Holding Ltd and others v Minsheng Vocational Education Company Ltd (3 August 2023), the plaintiffs sought interim injunctive relief from the Cayman Islands court pursuant to section 11A of the Grand Court Act (GCA, 2015 Revision) and section 54 of the AA ...

Carey Olsen | February 2024
Bermuda

Norwich Pharmacal Applications: Contrasting Perspectives Norwich Pharmacal disclosure orders ("NPOs") are a powerful tool in the arsenal of any aggrieved party looking to discover information in its efforts to pursue the wrongdoers and recover their property.  NPOs enable the aggrieved party to obtain information from third parties who have become mixed up in the fraud, to enable the victim to prosecute claims against the wrongdoer ...

Carey Olsen | February 2024
Bermuda

"Lifting the veil of trust": factors undermining trust resilience The world of wealth planning is like a vibrant tapestry, where offshore trusts are regularly woven into patterns aimed to offer prosperity and security for international families ...

Carey Olsen | February 2024
Bermuda

Five litigation guides authored for Chambers Global Practice Guides 2024 The new guides provide the latest legal information on litigation funding, initiating a lawsuit, pre-trial proceedings, discovery, injunctive relief, trials and hearings, settlement, damages and judgment, appeals, costs, alternative dispute resolution and (ADR) arbitration. To access our guides please click on the jurisdictions below: Bermuda British Virgin Islands Cayman Islands Guernsey View More

Carey Olsen | January 2024
Bermuda

Early-stage token investments: Careful drafting needed to avoid disputes Start-up crypto companies frequently look to raise early stage capital by offering investors the right to receive tokens that will be issued by the company in the future ...

Carey Olsen | January 2024
Bermuda

Carey Olsen's Mahogany Bean seconded to Hong Kong dispute resolution team Mahogany, a Bermudian, successfully completed her pupillage with Carey Olsen and was called to the Bermuda Bar in April 2022. She has developed a broad practice within the firm's dispute resolution department, taking a keen interest in government and public law work, regulatory and general civil and commercial matters ...

Carey Olsen | December 2023
Bermuda

Bermuda Court appoints a receiver over foreign assets to aid enforcement of foreign arbitral award The decision is notable because it considers in detail the modern state of the law regarding the Court's equitable jurisdiction to appoint receivers to collect judgment debts, confirming once again that the remedy has developed incrementally into one of the most powerful and flexible tools available to judgment creditors when faced with sophisticated judgment debtors ...

Carey Olsen | December 2023
Bermuda

Emerging trends in offshore law in 2024 1. How do you foresee the evolving regulatory landscape in offshore jurisdictions impacting Asia-based clients in 2024, and what strategies is your firm considering to navigate these changes effectively? Anthony McKenzie (AM): Asia is the world's largest and most populated continent, comprised of many different economies, cultures and laws ...

Carey Olsen | December 2023
Bermuda

2024: The Offshore View 1. How do you foresee the evolving regulatory landscape in offshore jurisdictions impacting Asia-based clients in 2024, and what strategies is your firm considering to navigate these changes effectively? Anthony McKenzie (AM): Asia is the world's largest and most populated continent, comprised of many different economies, cultures and laws ...

Carey Olsen | December 2023
Bermuda

A comparison of Jersey foundations and trusts Since the enactment of the Foundations (Jersey) Law 2009, legal practitioners have diligently assessed the real-world ramifications of this legislation concerning clients. This scrutiny concerns distinctions between foundations and trusts, with the aim of determining the most suitable vehicle to address each client’s unique requirements ...

Carey Olsen | November 2023
Bermuda

The Co-op has bought four stores in Jersey (The Parade, Red Houses, Quennevais and Gorey Village), and three in Guernsey (St Sampson's, L'Aumone and Longfrie).The purchase of the stores will enable the Co-op to grow and develop its pharmacy business, whilst providing Co-op customers across the Channel Islands with greater access to its community pharmacy services ...

Carey Olsen | November 2023
Bermuda

Fission Gamma, a new Guernsey-based incorporated cell, was created to insure the longevity risk of the Fund and to reinsure this risk with leading global re-insurer Munich Re. Insuring longevity risk in this way will enable the Fund to protect itself financially against longevity risk.The Carey Olsen corporate team advising on the Guernsey aspects of the transaction included partner Christopher Anderson, senior associate Alex Mauger and associate Oliver Orton ...

Carey Olsen | November 2023
Bermuda

The fund is a collaboration between Lightspeed Venture Partners (Lightspeed) and the Faction partnership through the newly formed cryptocurrency firm, Lightspeed Faction. Lightspeed Faction will execute its blockchain investment strategy with an institutional approach that leverages Lightspeed's global investment platform and Lightspeed Faction’s crypto-native VC investing expertise and key ecosystem relationships ...

Carey Olsen | November 2023
Bermuda

Bermuda-headquartered Hamilton Insurance underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Enhanced by data and technology, the firm is focused on producing sustainable underwriting profitability to deliver shareholder value. Founded in 2013 and now with over 500 employees, Hamilton Insurance reported gross premiums written of US$1.65 billion in 2022.The initial public offering of 15,000,000 Class B common shares was priced at US$15 ...

Carey Olsen | November 2023
Bermuda

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 ...

Carey Olsen | November 2023
Bermuda

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 | November 2023
Bermuda

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 | November 2023
Bermuda

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 ...

Carey Olsen | November 2023
Bermuda

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 | November 2023
Bermuda

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 ...

Carey Olsen | October 2023
Bermuda

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 ...

Carey Olsen | October 2023
Bermuda

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 ...

Carey Olsen | October 2023
Bermuda

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 ...

Carey Olsen | October 2023
Bermuda

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 ...

Carey Olsen | October 2023
Bermuda

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 ...