Press Releases

The annual awards, which took place yesterday evening at The Grand in London, recognise a law firm's pre-eminence in key jurisdictions and reflect achievements over the past 12 months. National and international law firms across the world were awarded across 11 categories for their outstanding work, impressive strategic growth, and excellence in client service ...

Kelvin Re is a Guernsey domiciled and regulated international reinsurer that writes short tail, mainly natural catastrophe, property and specialty lines reinsurance. Kelvin Re is being acquired by Marco’s Guernsey subsidiary, Humboldt Re. Carey Olsen also advised on the sale of Humboldt Re to Marco in 2021.The specialist Carey Olsen Insurance M&A team advising Marco comprised partner Christopher Anderson, senior associate Arya Hashemi and associate Laura Toland ...

Following a selection process involving over 250 applicants across 40 jurisdictions, Kate will sit as the first and only offshore lawyer on the APAC Council alongside 55 new members due to serve a two-year term.Now totalling more than 7,000 members from across the world, the recently restructured YSIAC Council provides a global platform for leading arbitration practitioners to develop international connections and share knowledge and expertise amongst arbitration communities ...

Privy Council clarifies proper purpose rule to Bermuda trustee's powers The key issue before the formal body of advisers to the UK sovereign was whether the trustee of a settlement “exercised for a proper purpose” an express power contained in the trust deed to add and exclude discretionary objects, having added a purpose trust as an object and removed all family members comprising the entire class of objects ...

How legal service providers contribute to legislative reform Legal service providers (LSPs) in Bermuda are encouraged to contribute to the development and implementation of new and existing legislation in response to the ever-evolving needs of their clients ...

The new licence allows Elwood to trade security tokens and crypto derivatives for its institutional clients, and builds on Elwood's previous AML/CFT registration with the JFSC as a virtual asset service provider.The Carey Olsen team advising was led by partner and Jersey head of digital assets Chris Griffin, with assistance from senior associate Holly Brown and associate Tshogofatso Dhlamini ...

Asset tracing and recovery: how tools in the Caribbean can help trace and recover assets in Asia IntroductionThe sphere of asset tracing and recovery, particularly the extent of tools available around the world, is rightly attracting more attention in cross-border fraud and investigations ...

Those promoted to counsel are:Bermuda: Honor Desmond-Tetlow (dispute resolution and litigation)Guernsey: Elliot Aron, Robin Gist (both dispute resolution and litigation)Hong Kong: Kimberley Leng (dispute resolution and litigation)Jersey: Tarina Le Boutillier (trusts and private wealth), Katherine Tresca (corporate)London: Bryony Bird (corporate)Singapore: Amelia Tan (dispute resolution and litigation)

Founded in Sao Paolo in 2016, Pismo provides an all-in-one cloud-based processing platform for banking and payments that is already used by a fast-growing number of large banks, marketplaces and fintechs.This acquisition will enable Visa to provide support and connectivity for emerging payment rails for financial institutions ...

The four promotions bring the total number of partners across the Carey Olsen group to 74.Carey Olsen group managing partner Alex Ohlsson said: "Congratulations to Simon, Patricia, Claire and Will on their well-deserved promotions. Each has already made a significant contribution to Carey Olsen and earned excellent reputations for their commitment to our clients, and to the continued development of the business. The partnership is delighted to have them on board" ...

Among the most prestigious awards programmes in Asia for Chinese and international law firms, the China Business Law Awards are based on thousands of nominations received from Chinese and international legal professionals and other leading industry decision-makers ...

Tom Carey joined Carey Olsen in Guernsey in 2004 and is an established member of the firm's Executive Board and Strategy Committee. Tom takes over from incumbent managing partner Russell Clark who, after 17 successful years on the local management team, will continue to be a partner and active member of several of the firm's management committees ...

Asda, which is owned by the Issa brothers and has its investment funds managed by TDR Capital LLP and Walmart, is acquiring most of the EG UK and Ireland business consisting of c. 350 petrol filling station sites and over 1,000 food-to-go locations. EG Group plan to use proceeds from the sale to reduce the group's net leverage, in line with the recently announced financial policy and deleveraging strategy ...

The awards, which took place yesterday evening at the Sheraton Grand London Park Lane, recognise and celebrate the outstanding achievements of firms across the UK and offshore legal, tax, fiduciary and advisory professions over the past year. Alexa Saunders, partner and head of the firm's Jersey trusts and private wealth group, accepted the award on behalf of Carey Olsen ...

AIG's treaty reinsurance business includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd and its managed funds, and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot.A multi-practice Carey Olsen team advised on all Bermuda law elements of the acquisition, from the share purchase to the raising of capital to fund a portion of the cash consideration though a public offering of 6 ...

The selling shareholders, which included BC Partners, GIC, OTPP Environmental Services Trust, and Poole Private Capital, LLC, collectively agreed to sell 18,176,073 subordinate voting shares at the public offering price of US$36.20 per share in a fully underwritten secondary transaction. Goldman Sachs acted as the underwriters for the offering.Carey Olsen acted for BC Partners and GIC alongside onshore counsel Simpson Thacher & Bartlett LLP ...

INSOL is a world-wide federation of national associations of accountants and lawyers who specialise in turnaround and insolvency. The Federation organises a number of conferences across the globe and is hosting INSOL Bermuda on 1 June 2023 at the Hamilton Princess Hotel, in association with RISA Bermuda, an INSOL member association ...

Sarnia Yachts services include yacht ownership and management, as well as crew employment, management and payroll. The firm has advised yacht owners, trustees, family offices, yacht brokers and lawyers on specialist yacht related matters for more than 50 years. Praxis is an independent provider of private wealth and corporate administration services to companies, individuals and families across the globe ...

SmarterMicro, the PRC entity of radio frequency front-end chip manufacturer Smarter Microelectronics, was listed on the STAR Market on 16 May 2023 following its IPO that raised RMB ¥1.504 billion gross. The funds are intended to support SmarterMicro's plans to build a chip testing centre, its global headquarters and a research and development centre ...

SmarterMicro, the radio frequency front-end chip manufacturer, was listed on the STAR Market on 16 May 2023 following its IPO. The funds are intended to support SmarterMicro's plans to build a chip testing centre, its global headquarters and a research and development centre ...

Matthew, who has been based at other leading offshore law firms in Bermuda since 2015, has relocated to Hong Kong with Carey Olsen. Whilst in Bermuda, Matthew regularly advised on many complex contentious cases, often of a cross-border nature. Matthew's practice primarily focusses on acting for high-net-worth clients and major corporations in insolvency and restructuring contexts, and trust and estate litigation ...

The annual awards recognise and celebrate the achievements of law firms over the past year, in particular outstanding work, impressive strategic growth and excellence in client service. The results were announced at a ceremony at Hotel Principe di Savoia in Milan yesterday evening. Winners across the 26 categories were selected based on extensive research and client interviews conducted by a team of more than 200 research analysts ...

Suntera is a Jersey headquartered provider of fund, corporate and private wealth services including administration, accounting and governance. The firm has operations in the Bahamas, the Cayman Islands, Guernsey, Hong Kong, the Isle of Man, Jersey, Luxembourg, Malta and the US. Guernsey based Carey is a locally owned boutique provider of private wealth, corporate and fund services with more than £75 billion assets under administration ...

The list identifies the most distinguished offshore practitioners with the best reputations in the Asian market. Lawyers are selected based on client feedback and praise, from more than 200 nominations, for their high-quality service and support. James, Helen and Kate feature alongside just 12 other practitioners. James is head of Carey Olsen's litigation, insolvency and restructuring practice in Asia and has been recognised on the ALB list since 2021 ...

The decision ensures certainty for businesses in each of the jurisdictions.  Guernsey, Jersey and the Isle of Man each intends to implement an "Income Inclusion Rule" (IIR) and a domestic minimum tax to provide for a 15% effective tax rate for large in-scope multi-national organisations (defined as those with annual global revenue above €750 million) from 2025 ...