Press Releases

Legal proceedings by or against an Exempted Limited Partnership in the Cayman Islands: the debate about the correct party Kuwait Ports Authority & Ors v. Port Link GP Ltd & Ors (CICA (Civil) Appeal Nos. 002 & 003 of 2022, 20 January 2023) was the first decision by the Cayman Islands Court of Appeal considering section 33(3) of the ELPA on derivative claims brought by a limited partner on behalf of an ELP. Re Formation Group (Cayman) Fund I, L.P ...

The prestigious awards ceremony, which is in its 26th year, celebrates the best in the legal profession in the UK. The Regional/ Offshore Firm of the Year award will be presented to either a UK-based regional firm or an offshore law firm that is headquartered outside of London.The category winner will be selected on the basis of strong performance and significant strategy progress over the past year, as well as noteworthy leadership, impressive financial performance and increased market share ...

Island Development Plan review The IDP is valid for 10 years (unless extended) and the States are required by law to keep it under review. The DPA was about to embark on a review in 2020 but this was put on hold due to the COVID-19 pandemic. Last year, the States approved an action to carry out a targeted review of the IDP between 2023 and 2025.The reviewThe review commenced on 25 January 2023, and it focuses on amending certain policies to meet government priorities ...

This year marks the 46th annual TIAETL members meeting, and Bernadette will be speaking about trust powers alongside other academy members from England, the United States, Australia and Liechtenstein.Bernadette was recently elected to TIAETL making her one of only three Cayman Islands private practice lawyers in the roster ...

Amelia, who is a member of Carey Olsen's litigation, insolvency and restructuring practice in Singapore, has been welcomed to IWIRC's Singapore Board as co-chair alongside 14 other Board members. IWIRC advocates for the promotion and success of women in the insolvency and restructuring profession and has more than 2,100 members worldwide. Amelia is also one of the few professionals globally who has been accepted into III's Class XII NextGen Leadership Program ...

Erica has competed professionally for five years and became a full-time professional athlete in 2022 with the support of the Bermuda Olympic Association, the Bermuda Triathlon Association, the International Olympic Committee, and the Department of Youth and Sport. Carey Olsen's additional funding will allow Erica to take part in the international races necessary to garner enough points for qualification ...

Tim has over 20 years' experience representing a wide range of Asia Pacific-based clients in all aspects of commercial dispute resolution under the laws of Bermuda, the British Virgin Islands (BVI), and the Cayman Islands. He advises on high value, cross-border management, shareholder, commercial, insolvency and corporate restructuring disputes, often with a connection to the PRC and Hong Kong ...

The Fund will invest primarily in companies dedicated to decarbonisation through the development of climate technology. As of its initial closing, the Fund raised US$400 million in capital commitments from investors and MIP plans to increase capital commitments to US$800 million - US$1 billion by its final closing ...

The ETPs programme will provide investors with access to a wide variety of cryptocurrencies and other digital assets (including indices and crypto 'baskets') via a regulated stock exchange. Issued by Valour Digital Securities Limited, the ETPs will initially be listed on the German trading platform Deutsche Borse Xetra, with further listings anticipated on major European stock exchanges ...

To access the private client guides, please click on the relevant jurisdictions below:Bermuda Private Client Guide, 2023British Virgin Islands Private Client Guide, 2023Cayman Islands Private Client Guide, 2023Guernsey Private Client Guide, 2023Jersey Private Client Guide, 2023

Eleanor advises on all aspects of Jersey commercial and trusts litigation, including complex fraud and unfair prejudice claims as well as acting for beneficiaries and trustees in trust disputes. Eleanor is also experienced in asset recovery, insolvency, and sanctions matters. In 2022, she was ranked in ePrivateClient's Top 35 Under 35. Eleanor qualified as an English solicitor in 2019 and was admitted as an Advocate of the Royal Court of Jersey in 2021 ...

The awards, which are now in their second year, recognise excellence among fund managers and service providers in the digital assets space. The nominated service providers have been selected based on a survey of more than 100 digital assets fund managers. Carey Olsen advises digital asset businesses in all areas of law and regulation in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey and Jersey ...

Nicola specialises in all aspects of family and private client law including matrimonial matters such as divorce, judicial separation, division of family assets, adoption and issues pertaining to children. Nicola is also an experienced family mediator and regularly assists separating couples and wider families in seeking amicable solutions through the forum of mediation. Prior to joining Carey Olsen Nicola worked at another specialist litigation, private client, and family law firm in Guernsey ...

In total there were 124 Local Market transactions completed during Q1 of this year, down from the 208 transactions recorded in the first three months of 2022. Of those 124 transactions, 97 were Local Market house sales with a median price (realty only) of £619,125, compared to £643,500 for the same period in 2022. The median price (realty only) of the 27 Local Market flats sold in the last quarter was £382,688, an increase on the £326,625 recorded in Q1 of 2022 ...

ESG and good governance developments in the Bermuda insurance sector The development of Bermuda's insurance regime is a result of prevailing market conditions and considerations. Recent enhancements to Bermuda's insurance regime have focused on commercial insurers (particularly in the life sector) and this trend looks to continue through and beyond 2023. That said, the BMA recently updated the Insurance Code of Conduct (the Code) in September 2022 ...

The inaugural Jersey charity quiz was held in 2014 and has grown year on year, raising more than £100,000 in total for local charities. The 2023 event was hosted at the Merton Hotel and saw over 50 teams participate from 33 island-wide firms. This year, a team from Barclays named 'Where Eagles Dare' won first place following a series of challenging and interactive rounds ...

Carey Olsen's Articled Clerk Training Program launched in 2021 and provides candidates with invaluable insight, commercial experience, and the training necessary to succeed in a career as an attorney. Each clerk undertakes a minimum of three practice area placements over an eighteen-month period, after which they will be eligible to be admitted as an attorney-at-law in the Cayman Islands ...

Founded in Guernsey in 1898, the original firm was named Carey and served as a trusted legal adviser to a wide range of local clients for over 100 years. During this time the firm developed and expanded by joining forces with other practitioners and at the turn of the last century was known as Carey Langlois, one of Guernsey's largest law firms.In 2003 Carey Langlois merged with prominent Jersey law firm Olsens to become Carey Olsen ...

Litigate or arbitrate: The continuing debate Carey Olsen’s Singapore team has considered the first reported British Virgin Islands (BVI) case on the court’s jurisdiction to determine a just and equitable winding-up application when faced with an arbitration agreement between parties.The authors also examine the trend in the Cayman Islands and in Hong Kong on this issue ...

Led by the firm's female partners, the Carey Olsen Women's Network will facilitate meaningful collaboration and support amongst women across the firm and provide a framework to help women at Carey Olsen build on their talents and achieve their potential. Among other things, Network members will benefit from access to mentoring from female partners and other senior women, support with career planning and business development, and skills and leadership training ...

The Fund, which achieved a final close of £267 million, has been structured as a Jersey Private Fund (JPF) and has a focus on UK real estate investments. Brydell Partners invests its own capital alongside managed discretionary funds, raised from global institutional LPs.The Carey Olsen team advising Brydell Partners on the Jersey law aspects of the fund launch was led by partner James Mulholland and assisted by senior associate Arindam Madhuryya and associate Niamh Murphy ...

Family context is key in blessing applications (Re Z Trust (Jersey)) The application was brought under Article 51 of the Trusts (Jersey) Law 1984. Article 51(1) of the Law reads, 'A trustee may apply to the court for direction concerning the manner in which the trustee may or should act in connection with any matter concerning the trust and the court may make such order, if any, as it thinks fit' ...

Securing the future: Why Asian HNWIs are turning to offshore jurisdictions What kind of market volatility and geopolitical risks are Asian HNWI’s most concerned about today, and in what ways are they impacting their approach to growing wealth and succession planning?Rachel Yao (RY): HNWI migration in Asia was a rising trend over the past decade and has not slowed down as a result of Covid-19 border closures and lockdowns ...

The Asia Legal Awards celebrate outstanding work and leading lawyers within the jurisdiction and are open to all firms with offices in Asia. The awards cover a range of practice areas and disciplines and identify the most significant deals and transactions that took place during 2022.Carey Olsen's presence in Asia has grown significantly since launching in Singapore and Hong Kong SAR in 2016 ...

James has extensive experience of debt finance transactions in Europe and Asia and advises on all aspects of private debt, structured, leveraged and acquisition finance. In addition, James' expertise includes take-private transactions, fund finance, debt capital markets, convertible instruments, special situations, derivatives and syndicated lending ...