Press Releases

Carey Olsen has been nominated for Offshore Firm of the Year at The Lawyer European Awards 2023, having won the award for the two previous years.The annual awards, which are in their 14th consecutive year, recognise legal excellence across 27 categories, including regional accolades and prizes for standout practice areas. More than 250 entries have been submitted across 120 firms and organisations ...

Lawyers from across Carey Olsen's Bermuda, British Virgin Islands (BVI), Cayman Islands, Guernsey, Hong Kong SAR, Jersey and Singapore practices have been recognised in the 2023 edition of IFLR1000.In total, 46 Carey Olsen lawyers are featured in the latest set of rankings, which serves as the only legal directory solely focused on recognising law firms and individuals based on financial and corporate transactional work ...

As Guernsey advocates, Andrew and Stevie now have the right of audience in the Royal Court and the Guernsey court of Court of Appeal. After qualifying as a solicitor in South Australia, Andrew Tually joined Carey Olsen in 2007 and was admitted as a solicitor of England and Wales in 2009 ...

Alicia is a qualified solicitor with more than 30 years of law firm experience. Prior to joining Carey Olsen, she spent 11 years as global director of professional support at White & Case LLP. In this new role, Alicia will drive innovation for Carey Olsen's international team of experienced knowledge professionals and help them to further build a cohesive, collaborative, and market-leading knowledge service ...

The NextGen Leaders list, which replaces eprivateclient's prestigious annual UK and UK Crown Dependencies Top 35 Under 35, recognises outstanding professionals working in the legal and finance sectors with up to 17 years of experience in the private client advisory sector ...

Already this year, Jayden has won Opens in Effingham, Liphook, Hayling, Paultons and Hockley. He also topped the leaderboard of Guernsey's Junior Island Championships, was the joint winner by the largest margin at the Channel Islands Junior Championships and was one of the two youngest finalists at the Guernsey Men's Island Championship ...

This is the first time a licence has been issued to a business operating with an ERC20 rebasing token, a technical standard and form of digital asset issued on the Ethereum blockchain.Mountain Protocol provides its users with a platform to purchase and redeem USDM (an ERC20 rebasing token designed to maintain a value match with the underlying fiat currency). Mountain Protocol now features on the Bermuda Monetary Authority's (BMA) online list of regulated entities ...

Carey Olsen's sponsorship supports the delivery of the BSS/Carey Olsen Development Squad, a high-performance group that runs twice a week for the most dedicated of players. From September, the Squad will double in size to enable two groups to run for Years 4 and 5, and Years 6 and 7 respectively ...

Jacksons is a premier car dealership based across Jersey, Guernsey, the Isle of Man and the Isle of Wight that employs 500 staff, all of whom are being retained to support the future growth strategy of Van Mossel.  For Van Mossel, the acquisition will facilitate an expansion into the locations listed above and include several additions to its current portfolio ...

In featuring James, Jeremy and Helen, ALB has distinguished the partners as top disputes practitioners who have consistently exceeded client expectations in even the market's most complex cases. Based in Carey Olsen's Tier 1 ranked (Legal 500) Singapore office, James leads the largest, most diverse offshore litigation team in Singapore and is the only Cayman Islands and British Virgin Islands (BVI) admitted litigation partner in Singapore ...

Both transactions were conducted by way of a Court-approved scheme of arrangement, as Carey Olsen continues its track record of being instructed on the majority of such transactions in Guernsey.First, Carey Olsen acted for its long-standing client Industrials REIT Limited, which was listed on the Main Market of the London Stock Exchange and on the Main Board of the Johannesburg Stock Exchange, and which held a portfolio of multi-let industrial property in the UK ...

Artificial intelligence: the real estate revolution Legal Property Due DiligenceIn a property transaction, whether that is buying, leasing, or financing, a legal property due diligence exercise may be required to assess the potential risk to a client before committing to the transaction. The potential for AI to be used to review and digest legal property DD documentation with speed and accuracy is clear ...

FinTech and Blockchain in the Caribbean Current Regulatory RegimesBermuda was one of the first jurisdictions to introduce sector specific laws and regulations relating to the issuance of ‘digital assets’ and the provision of ’digital asset business’ services.  Bermuda's regime regulates the activities of issuers and services providers rather than the technology or digital assets themselves ...

As part of an initial public consultation period, the Government has issued a public consultation paper to get public feedback on its current considerations in response to the OECD Pillar Two initiative, based on all of the advice received to date. This first consultation period is due to end on 8th September 2023. Further details on the Government's announcement and the consultation paper can be found on the Government of Bermuda website here ...

As part of the transaction, investment entities affiliated with General Atlantic L.P. and Dragoneer Investment Group, LLC have agreed to acquire all of the outstanding Class A common shares of Arco (that are not held by such parties or Oto Brasil de Sá Cavalcante and Ari de Sá Cavalcante Neto or their respective affiliates or the rollover shareholders) for a purchase price of US$14.00 per share in cash without interest ...

Carey Olsen has provided scholarships for each of the past three years to exceptional Bermudian law students who aspire to obtain a Commonwealth qualification overseas before returning home to join the Bermuda Bar.Commenting on the scholarship, Kaliyah said: "I will be attending Manchester Metropolitan University in the fall to begin my law undergraduate degree and hope to receive my LLB at the end of the three years. I am determined to become a great lawyer one day ...

Founded in 2019, Tractian offers clients streamlined hardware-software solutions that monitor operations and use AI to predict and prevent mechanical failures. The company is now valued at US$205 million. Tractian's founders Igor Marinelli, Gabriel Lameirinhas and Leonardo Vieira will be leading the company to use the newly raised capital to grow operations in Mexico and to drive its expansion to the US ...

Among the 14 lawyers ranked, Keith Robinson (Bermuda) has been promoted to Star Individual, and Bernadette Carey (Cayman Islands) and Alexa Saunders (Jersey) have been promoted to Band 1. Russell Clark (Guernsey) has retained his Band 1 position and Andreas Kistler (Jersey) has been promoted to Band 2. New entries in the rankings include Robert Dobbyn (Band 2, Jersey) and Sarah Farrow (Associate to Watch, Jersey) ...

As a Full Member, or TEP (Trust and Estate Practitioner), Helen has achieved the highest level of STEP membership and is internationally recognised as an expert in trusts and estates.STEP is a global professional body encompassing over 21,000 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 ...

The awards, which will take place on Wednesday 6 September 2023 at Renaissance Harbour View, Hong Kong, recognise Asian hedge fund service providers who have demonstrated innovation, exceptional customer service, and sustainable business growth over the past year.The offshore category sits amongst 35 awards to be judged by a panel of COOs, CFOs, CCOs, CTOs and General Counsel from leading hedge funds ...

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 ...