Press Releases

Hollyport is a leading asset manager that acquires portfolios in the secondary market, with a focus on mature funds. The Fund which is structured as a Jersey Expert Fund has closed with commitments of USD$2.2 billion across the main fund and the overage scheme.The Fund made its first investment in March 2022 and has, to date, entered into acquisition agreements with approximately 15% of its target investment programme ...

Key methods to trace and recover digital assets under Bermuda law What are Digital Assets? The Official Bermuda Definition The definition of "digital asset" under Bermuda's Digital Asset Business Act 2018 ("DABA") is: "anything that exists in binary format and comes with the right to use it and includes a digital representation of value that – (a) is used as a medium of exchange, unit of account, or store of value and is not legal tender…                                       

The two promotions bring the total number of partners across the Carey Olsen group to 69. Carey Olsen group managing partner Alex Ohlsson said: "I would like to congratulate Huw and Helen on joining the partnership. Both bring a broad range of experience to our firm and fantastic technical skill which has enabled them to deliver a market leading service to our clients. I am proud that our firm is continuing to grow with these senior appointments spread across two of our global offices ...

The latest edition of the highly respected international legal directory has seen the firm's Hong Kong managing partner, Michael Padarin join Carey Olsen's Singapore managing partner, Anthony McKenzie in being ranked in the region for Asia Pacific offshore corporate and finance advice. James Noble and Jeremy Lightfoot are again listed in the rankings for dispute resolution ...

[[{"type":"media","view_mode":"media_large","fid":"13237","attributes":{"alt":"","class":"media-image","height":"251","typeof":"foaf:Image","width":"480"}}]]These 809 funds comprise US$323 billion of assets, which represent 81% of the entire Guernsey domiciled funds market by assets under management (AUM) ...

Guernsey's corporate insolvency regime is predominantly contained within the Companies (Guernsey) Law 2008, as amended (the Companies Law). The regime contained in it has remained largely unchanged since its inception but has been put to very successful use in a wide variety of restructuring and insolvency scenarios ...

In Jersey, Carey Olsen was ranked Band 1, the only firm to achieve a top tier ranking in Jersey, with partner Chris Griffin being recognised as a leading lawyer in Jersey. Carey Olsen was also ranked Band 2 in the Cayman Islands, a leading offshore jurisdiction for FinTech, and counsel Chris Duncan was recognised in Band 2 for his expertise in the sector ...

Eason Huang joined the firm in 2020 and specialises in fund formation as well as advising on investments in both private equity and hedge funds. He has worked in the funds industry in Hong Kong for more than eight years and is fluent in Mandarin, Cantonese and English.Yi Yang, has a wide range of experience in cross-border commercial litigation including shareholder disputes, derivative actions, contentious insolvency and appraisal actions involving offshore companies ...

The Lawyer European Awards ceremony was held at the Hilton Bankside Hotel last night and celebrated the very best of the international legal market. Carey Olsen faced strong competition from 5 other offshore law firms and won the award for legal excellence, depth and bread of expertise, commercial strength, market share and market-leading strategy ...

The Fund, which reached its hard cap of US$ 2.5 billion, was launched earlier this year and had a 100% limited partner participation rate. The Fund's investor base comprised institutional investors with long-term commitments to private equity, including leading endowments, pension funds, large family office investors, and key consultant relationships ...

The awards, which are in their third year, recognise 100 of the most highly regarded law firms in Singapore. The findings are based on more than 12,000 lawyer, colleague and client recommendations across 18 fields of law. These range from inheritance & succession to commercial and employment law. The Singapore Corporate Counsel Association also invited its members to take part in the survey ...

Fund XI attracted investors from across the globe, with investors from every continent including 34% from North America, 31% Europe, 23% from Asia and 10% from the Middle East. The investor base comprises a well-diversified mix of institutional investors: public and private pension funds; sovereign wealth funds; fund of funds; endowments and family offices and financial institutions ...

Feedback from The Legal 500 Caribbean rankings praised the firm for "standing out as a hallmark of quality in every jurisdiction in which it operates" and commended for its "global network" that provides clients with a "24/7 service which is second to none". Carey Olsen was also described in the commentary as a "first rate firm" that "attracts lawyers of the highest calibre" and has "absolutely amazing global coverage" ...

Kirsty is part of the firm's trusts and private wealth practice and advises on a range of fiduciary and trusts law as well as private wealth matters. She is particularly experienced in the laws of trusts, inheritance and estate planning and regularly counsels professional and private trustees, high net worth individuals and families. Managing partner Russell Clark said: "We are pleased to congratulate Kirsty as she becomes an Advocate of the Royal Court of Guernsey ...

Carey Olsen Bermuda Limited is now ranked Tier 1 for both dispute resolution and trusts/ private client. The firm has also retained its Tier 2 rankings in all other practice areas: banking, finance and capital markets; corporate and commercial; insurance/reinsurance; and regulatory and compliance. Highlights from Carey Olsen Bermuda's client feedback included praise for being an "exceptional firm" where "client service is superb at all levels ...

In addition, the Bermuda office of the firm has been awarded Tier 2 rankings for all other categories: banking, finance and capital markets; corporate and commercial; insurance/reinsurance; and regulatory and compliance ...

The event has returned after a two-year hiatus as a much-expanded international event with an impressive range of speakers and delegates. The conference was co-chaired by Vice Chairman of STEP Bermuda, Ashley Fife, counsel at Carey Olsen while Stephanie Bernard, also counsel at Carey Olsen, was a member of a panel that considered trustees investing in digital assets ...

Astra Digital aims to be at the forefront of digital innovation and well placed to benefit from the volatility of the digital assets market using a diversified, risk-adjusted approach. Asset manager ARTE Capital will be providing seed capital and its SFC-regulated platform to the fund as well as operational support. In turn, Astra Digital will be providing digital asset expertise, research and institutional business support ...

The bonds were issued by Addition Finance (Jersey) Limited, a wholly owned subsidiary of Avacta incorporated in Jersey.  The proceeds of the bond issue were on lent to Avacta.  Application will be made to list the bonds on The International Stock Exchange.  A Jersey cash box structure is a well-established financing tool for facilitating access by UK listed companies to immediate funding by way of a convertible bond issue ...

Shane advises on a range of corporate and commercial law matters, with a particular emphasis on investment funds. He has considerable experience advising on the establishment and regulation of investment funds in the Cayman Islands as well as their ongoing transactional, regulatory and compliance requirements. Shane also advises on local business licensing matters.Jenna advises on a range of banking and finance transactions as well as general corporate, commercial, and regulatory matters ...

Bradley joins from the Bermuda office of another offshore law firm, where he led the employment and immigration practice. He has over a decade of experience advising clients on the full range of contentious and non-contentious employment matters. Bradley has frequently advised on the defence of high-profile, complex and commercially sensitive employment litigation matters in the courts and tribunals, as well as in private arbitrations ...

Joanna will be joining the firm's Guernsey office and brings a depth of knowledge in both onshore and offshore corporate and private trusts and foundation structures. She has extensive experience of working in Asia, and previously held the position of Chair of the Society of Trust and Estate Practitioners in Hong Kong. Prior to joining Carey Olsen, Joanna was a partner at Herbert Smith Freehills where she led the firm's private wealth practice in China ...

London based Tim advises on all aspects of commercial, insolvency and general banking litigation, having most recently advised an ad hoc group of bondholders in relation to the Cayman Islands Grand Court's sanctioning of the scheme of arrangement proposed by Luckin Coffee Inc. in the Chinese coffee chain's ongoing restructuring. Tim has been with the firm since 2016, prior to which he trained and qualified at magic circle law firm, Freshfields Bruckhaus Deringer LLP ...

E-Vision has the controlling stake in its consortium with ADQ and is set to pay up to $130 million in cash and in-kind, including earn out payments for the majority stake in Starzplay, which is valued at $420 million. For its part, Starzplay controls 20% of the Middle Eastern and North African video streaming market and is the fastest growing streaming service in the region. Along with its parent company, Lionsgate, it will maintain commercial agreements for content licensing to the venture ...

A particular highlight from this year's research was Carey Olsen Guernsey's Dispute Resolution practice achieving promotion to Band 1 with clients citing "its technical knowledge" and "depth and experience" in relevant fields. Chambers & Partners identifies, ranks and differentiates the best talent in the legal industry across the globe ...