Carey Olsen > Grand Cayman, Cayman Islands > Firm Profile

Carey Olsen
Cayman Islands

Cayman Islands > Dispute resolution Tier 2

Carey Olsen’s global litigation team routinely handles multi-jurisdictional disputes spanning general commercial litigation, contentious trust and estate disputes, fraud claims and big-ticket liquidations. The practice is led by insolvency and restructuring specialist Sam Dawson, who is particularly noted for his experience in financial services litigation, while Peter Sherwood is a ‘formidable’ adviser with a keen focus on insolvency litigation. Denis Olarou is noted for his broad experience in insolvency proceedings, fraud litigation and international arbitrations, while Bernadette Carey frequently appears before the Grand Court in multi-party trust disputes, estate litigation and other cross-border private client disputes.

Practice head(s):

Sam Dawson


‘This is a very well run, dynamic litigation team. They are market leaders in dispute resolution in the Cayman Islands. This is because the team is knowledgeable, efficient and pragmatic, and client-focused in everything they do.’

‘Sam Dawson leads the practice. Immensely experienced, calm and collaborative. He is the safest pair of dispute resolution hands on the island.’

‘Bernadette Carey displays a depth of understanding of what makes a first-class trust and estate litigator that is rare to find. She displays the sensitivity and charm that makes her the very best in the field. She is very much liked and admired in the trust world both in Cayman and internationally.’

‘Sam Dawson and Denis Olarou – Excellent lawyers and strategists.’

‘Sam Dawson is great at overseeing a team to deal with substantial and complex cases and brilliant with clients. He is held in high regard by his colleagues in many firms. Peter Sherwood is a formidable lawyer and also good at managing substantial and complex litigation.’

‘Carey Olsen has risen in the list of Cayman attorneys you would want to instruct if involved in a trust or estate dispute. The rise has been largely attributable to the drive and enthusiasm of partner Bernadette Carey.’

‘Peter Sherwood – very hardworking with an excellent legal mind. Peter is great to work with, forms part of the team and gets stuck in on matters, always adding value and providing clear guidance.’

Key clients

China Shansui Cement Group Limited

Babel Holding Limited

ECM Straits Fund I, LP

Ad Hoc Group of Holders of Notes issued by Logan Group Company Limited

Al Nahla Group

Savanah Energy Investments Limited



MBC Group Holdings Limited

San Miguel Holdings Corp.


Grant Thornton

Alvarez and Marsal


Burlington Loan Management / Davidson Kemper


FTI Consulting

Catalyst Investment Management Company

EFG Bank

Daiwa Capital Markets

Rawlinson & Hunter

Genesis Trust & Corporate Services Ltd

Ritchie Capital Management LLC

Oasis Capital Management

T.Rowe Price

Work highlights

  • Advised the Joint Official Liquidators of Abraaj Holdings (PwC) in proceedings concerning payments totalling $300m made prior to the appointment of JOLs in June 2018, at a time when Abraaj Holdings was already insolvent.
  • Acting for China Shanshui Cement Group Limited in the long-running and high-profile just and equitable winding up proceedings in the Grand Court of the Cayman Islands.
  • Acted for a group of dissenters in the management buyout of 51job, Inc., in a merger valued at approximately $4.3bn.

Cayman Islands > Trusts/private client Tier 2

Carey Olsen’s team is equipped to advise a varied client base including high-net-worth and ultra-high-net-worth clients on trust structuring and restructuring issues, wealth management arrangements, contentious trusts matters and court applications. Praised as a ‘shining light within the industry’, Bernadette Carey leads the practice and routinely advises on both non-contentious and contentious matters, including cross-border, multi-party litigation and high-profile trust disputes before the Grand Court of the Cayman Islands. On the non-contentious side, Cayman and BVI-qualified Graham Stoute is noted for his knowledge of STAR and VISTA trusts, private trust companies, commercial trust arrangements and charitable trusts; and with expertise in advising founders in the fintech and crypto space using trusts and foundation companies on digital assets, Chris Duncan is also highly recommended.

Practice head(s):

Bernadette Carey

Other key lawyers:


‘Carey Olsen are market disrupters, looking to do things differently. This has helped them attract and keep the best talent. Fantastically innovative and a pleasure to work with.’

‘Bernadette Carey is a shining light within the industry. One of the stand-outs, remarkably impressive. Hard working, engaged, responsive, available, motivated. Truly a fantastic lawyer.’

‘Chris Duncan has an excellent reputation, and is a pleasure to deal with. He has forged a niche within the crypto sphere. He is a future leader. Responsive, available, helpful.’

‘Bernadette Carey – outstanding private client litigator.’

Cayman Islands > Banking, finance and capital markets Tier 3

Carey Olsen‘s proficiency lies in representing a wide spectrum of entities, including banks, lessors, airlines and funds across a range of work spanning acquisition, aviation and fund financing mandates. The specialist team of practitioners includes Cayman managing partner Nick Bullmore and investment fund specialist Jarrod Farley. Richard Munden‘s expertise is in aviation finance work and asset-backed securitisations, while Alistair Russell routinely advises clients on financings, private equity issues and debt and equity capital markets matters; the latter is an area in which counsel Dylan Wiltermuth is also notably active.

Practice head(s):

Nick Bullmore; Jarrod Farley; Richard Munden; Alistair Russell

Other key lawyers:

Key clients


Work highlights

  • Handled multiple transactions for Transocean related to $1.2bn senior secured notes offerings and joint venture.

Cayman Islands > Corporate and commercial Tier 3

Carey Olsen‘s Cayman corporate practice provides comprehensive advice on complex private and public M&A transactions, as well as general commercial and corporate matters. Nick Bullmore is particularly active in structured finance work (including CLOs) and joint ventures, while Jarrod Farley focuses on a broad range of corporate and commercial matters and regulatory issues, particularly investment fund-related work. Richard Munden‘s expertise spans joint ventures, shareholder arrangements, and aviation and other asset financings. Alistair Russell advises on all aspects of commercial and corporate law, while counsel Dylan Wiltermuth‘s focus is on corporate restructurings, especially involving structured finance, private equity and financial services elements.

Practice head(s):

Nick Bullmore; Jarrod Farley; Richard Munden; Alistair Russell

Other key lawyers:

Key clients

Alcazar Energy Partners (now CTGI Renewable Energy Partners)

Ambipar Participações e Empreendimentos S.A.

Arco Platform Limited

BC Partners


Clara Holdings Limited

Geopagos Holdings, Ltd.

Government Investment Corporation of Singapore (GIC)

Kanastra Holdings

Mattilda Holdings

Nuvini Holdings Limited / Nvni Group Limited

Starwood Capital

Tractian Ltd



Work highlights

  • Advised Ambipar Participações e Empreendimentos S.A. on drafting the business combination agreement, merger formalities, and associated securities filings for the merger for a $581m cross-border de-SPAC transaction.
  • Advised Biolog-id on drafting the business combination agreement, merger formalities, and associated securities filings for the merger and subsequent ADS issuance.
  • Advised Transocean on multiple transactions related to senior secured notes offerings and joint ventures.

Cayman Islands > Investment funds Tier 3

At Carey Olsen, a trio of senior corporate and commercial specialists comprising managing partner Nick Bullmore, and Jarrod Farley and Alistair Russell, focuses on mandates relating to both regulated and unregulated investment funds in Cayman. The team’s workload ranges from assistance with fund establishments, to transactional, financing and compliance matters, including local business licensing issues.

Practice head(s):

Nick Bullmore; Jarrod Farley

Other key lawyers:


‘Jarrod Farley’s practice is distinguished by exceptional professionalism and responsiveness. The team’s expertise in navigating the complexities of fund formation, combined with proactive problem-solving, empowers clients to make informed decisions.’

‘Jarrod Farley’s deep understanding of fund formation intricacies make him an exceptional partner.’

Key clients

Israel Secondary Fund III, L.P.

Work highlights

  • Advised on the formation and launch of the Israel Secondary Fund III, which included co-ordinating registration with Cayman Islands Monetary Authority.

Cayman Islands > Real estate Tier 3

Carey Olsen‘s real estate practice is sought out by major developers and lenders, landlords, vendors, investors and purchasers for its in-depth knowledge of commercial and residential real estate and development projects. The team includes practice head Richard Sykes, who focuses on complex real estate transactions and structuring work; Richard Munden, who handles real estate financing, hotel issues and other M&A transactions; and hospitality project expert Nick Bullmore. Alistair Russell concentrates on development work and issues involving ultra-high-net-worth individuals, while Kristina Ostertag is a key contact at associate level.

Practice head(s):

Nick Bullmore; Jarrod Farley

Key clients


NBC Group

Butterfield Bank (Cayman) Limited

Cayman National Bank

The Grove

Royal Bank of Canada

Grand Hyatt Hotel and Residences/Pageant Beach Hotel Ltd

London and Regional

Work highlights

  • Advised Regen (Waste Solutions Cayman Ltd and related companies) as Cayman’s first public private partnership established to design, build, finance and operate critical solid waste infrastructure in Cayman.
  • Advised NCB Group on real estate development project work for several NCB developments – Aura, The Waves, and Sundance.
  • Advised Grand Hyatt Hotel and Residences (Pageant Beach Hotel Ltd) on the development of the Grand Hyatt Hotel and Residences, Grand Cayman.

Cayman Islands > Regulatory and compliance Tier 3

Carey Olsen provides comprehensive advice to global financial institutions, investment funds, fund administrators and fintech companies on a wide range of regulatory and compliance issues. The practice houses a team of experienced lawyers including Richard Munden, who focuses on the tech sector and virtual assets; Jarrod Farley, who is noted for advising on the establishment of both regulated and unregulated investment funds; and ‘phenomenal’ counsel Chris Duncan, who has recently been involved in several registration applications under the VASP Act.

Practice head(s):

Jarrod Farley

Other key lawyers:


‘Team is composed of experts on Cayman blockchain and financial law. This allows them to immediately engage with innovative solutions that have novel issues.’

‘Chris Duncan is phenomenal as the key lawyer on our matters. He gives tailored, business-oriented advice without compromising on what the law actually says or requires. Rare to get business executable advice from external counsel, but Chris always provides it.’

Key clients

Mauve Limited

Work highlights

  • Advised Mauve on its novel application for registration under the Virtual Asset Service Providers Act (VASP) to operate a permissioned, decentralised exchange for trading of crypto assets.

Hong Kong > Offshore law firms

Foreign-based expertise > Leading firms

Overview Leveraging the expertise throughout its UK and Asia offices, Carey Olsen’s ‘incredibly responsive and effective’ global Caribbean-focused practice draws on ‘deep reservoirs of expertise and experience’ to field ‘the A-Team of all offshore practices operating today’. The firm’s team is spread across its London, Hong Kong and Singapore offices, covering Bermuda, BVI and Cayman law with particular experience in corporate, finance, funds and insolvency work, and litigation. For more information on specific regions, please click on the tabs below.
Acting for ‘a stellar array of clients drawn from across the Asia Pacific region and beyond, which underscores the firm’s status as the best of the best’, Carey Olsen Hong Kong LLP utilises the expertise of managing partner Michael Padarin as a go-to name for fund issues, including the formation, operation and restructuring of funds, particularly those with Cayman law elements. Jeremy Lightfoot leads the litigation practice in Hong Kong and is praised as ‘an outstanding litigation lawyer and an impressive critical thinker’; the litigation team was further bolstered in mid-2023 with the recruitments of Tim Haynes and Matthew Watson, who focus on Cayman and Bermuda issues, respectively. In Carey Olsen Singapore LLP, managing partner Anthony McKenzie also leads the corporate practice, while James Noble, who is praised as ‘quite simply the best of the best’, heads up the litigation, insolvency and restructuring practice. Tom Katsaros is the primary contact in the jurisdiction for investment fund work, and litigator Helen Wang is singled out as ‘very experienced with great cross-jurisdictional knowledge and analysis’.
Key names in Carey Olsen LLP’s London office include managing partner Jasmine Amaria, who focuses on corporate, fund and finance work with a Cayman or BVI aspect, acting for clients in the UK, Europe and the Middle East. Richard Brown is singled out by clients as ‘superb as a lawyer, as a litigator and as a strategist’, and provides ‘a seamless service that is second to none’; he is the primary contact for dispute resolution advice and insolvency issues involving BVI law and was further admitted as a registered associate of the Bermuda Bar in 2023. Counsel Sheba Raza is also a key name to note and ‘always feels part of the team she is working with’.

Practice head(s):

Jasmine Amaria; Michael Padarin; Anthony McKenzie


‘Carey Olsen’s dispute resolution team is in my view the A-Team of all offshore practices operating today. They would be my go-to team for complex, multi-jurisdictional work involving any corporate or commercial dispute in the BVI or Cayman Islands, or arbitration in Singapore, and they have a stellar array of clients drawn from across the Asia Pacific region and beyond, which underscores their status as the best of the best.’

‘James Noble – Quite simply the best of the best – James possesses that rare combination in a team leader of great legal insight, great leadership skills and a frightening eye for detail. He also makes things happen – getting his clients from where they are to where they want to be.’

‘We work closely with Sheba Raza. The difference is that Sheba always feels part of the team she is working with as she takes the trouble to identify what is needed and when to play her role in any transactions that she is involved in.’

‘Richard Brown is superb as a lawyer, as a litigator and as a strategist. I cannot recommend him too highly.’

‘Matthew Watson is very experienced in heavy trust and commercial litigation, he is a sound lawyer, has superb tactical sense, excellent client skills and is phenomenally hardworking: a great guy!’

‘Deep reservoirs of expertise and experience in dealing with complex, high-value international trust and estate disputes.’

‘Helen Wang is very experienced with great cross-jurisdictional knowledge and analysis. Reassuring to work with, and someone who is easy to trust.’

‘Jeremy Lightfoot is an outstanding litigation lawyer and an impressive critical thinker, always thinking steps ahead of the game. Since he is so good at what he does, we can easily build trust with him and his legal team and always feel we are in good hands. He is also very professional, patient and incredibly helpful throughout the course of the engagement. We would definitely recommend him.’

Key clients

Arrowcrest Limited

Attestor Value Master Fund LP

Babel Holding Limited

Bank of China


Caldicott Worldwide Ltd

Carbon Growth Partners



Fulham Company Limited

Fullgoal Asset Management (HK) Limited

G Medical Innovations Holdings Ltd.

Huaxing Growth Capital

IDEG Investment Management Limited

InterEnergy Holdings Limited

JD Sports Gym Ltd

Leapfrog Investments Group Ltd

Marunouchi Innovation Partners Co., Ltd.

Mitsubishi UFJ Financial Group

Mubadala Petroleum (Thailand) Holdings Limited

Oasis Investments II Master Fund Limited

OCBC Wing Hang Bank



Smarter Microelectronics

Spathiphy Capital Management Limited

Stoneway Capital Corporation

Sumitomo Mitsui Banking Corp

Sumitomo Mitsui Banking Corp, (Hong Kong branch)

The Federal Republic of Nigeria

United Overseas Bank


Work highlights

  • Acted as BVI and Cayman corporate and regulatory counsel in connection with the combination of EQT AB with Baring Private Equity Asia.
  • Advised Marunouchi Innovation Partners Co., Ltd. on the successful launch of the Marunouchi Climate Tech Growth Fund L.P.
  • Acting for Babel Holding Limited, a Cayman company, with respect to the restructuring of its debts.

Bermuda > Banking, finance and capital markets

Praised for its ‘depth of knowledge,’ the multidisciplinary team at Carey Olsen Bermuda Limited advises on a wide range of high-profile matters encompassing leveraged financings, restructurings, asset issues and bilateral and syndicated lending mandates. Gavin Woods, who has extensive experience in insurance and investment fund matters, co-heads the practice alongside Steven Rees Davies, a renowned specialist in the fintech and digital asset sector, and Matthew Grigg, who advises on all forms of corporate and finance transactions. The firm’s roster of key contacts also includes counsel Charissa Ball, who has particular expertise in corporate reorganisations, redomiciling issues and debt and equity offerings; senior associate Michelle Falcucci, whose focus lies on insurance and investment fund law; and counsel Max Tetlow, who possesses experience in the (re)insurance investment fund, financial services and private equity sectors.

Practice head(s):

Gavin Woods; Steven Rees Davies; Matthew Grigg


‘We use the Carey Olsen Bermuda team as they know their stuff and are very user-friendly.’

‘Depth of knowledge and responsiveness.’

‘CO Bermuda has unique knowledge of Digital Assets regulation and has proven to be a trusted partner for the purposes of our business. CO is clearly the firm to go to in Bermuda and the Caribbean for Digital Asset business and I can recommend them without hesitation.’ 

‘Specific knowledge of digital asset regulation and business models, challenges and opportunities for the jurisdiction and unique insight in how to present information to the regulator.’ 

‘Direct exposure to relevant but sometimes niche areas of law, e.g. Economic Substance legislation.’

Key clients

Renaissance Reinsurance


Waterloo Investment Holdings Limited

Work highlights

  • Advised RennaissanceRe Holdings Ltd. in connection with its underwritten public offering of $750m aggregate principal amount of 5.750% senior notes due 2023.
  • Advised Hiscox on its £250m investment grade bond issuance.
  • Advised Waterloo Investment Holdings Limited and Caribbean Investment Holdings Limited on Bermuda listing rules and relevant Bermuda Stock Exchange procedures related to an acquisition.

Bermuda > Corporate and commercial

The expansive corporate practice at Carey Olsen Bermuda Limited provides comprehensive guidance across a diverse array of areas, encompassing restructurings, M&A, financings and digital assets-based matters, with extensive experience in high-value, cross-border commercial transactions. Gavin Woods, an expert in corporate finance and structuring work, co-leads the practice with a particular emphasis on insurance matters, including licensing and regulatory issues. Fellow co-head Steven Rees Davies lends his expertise as a fintech and digital assets specialist, having played a pivotal role alongside the Bermuda government in crafting its regulatory framework, while co-head Matthew Grigg handles the entire spectrum of corporate and finance transactions across the banking, funds, and insurance sectors. The firm also fields a cadre of other notable contacts, including Charissa Ball, Michelle Falcucci and Max Tetlow, who are all highly proficient in various aspects of commercial and corporate law.

Practice head(s):

Gavin Woods; Steven Rees Davies; Matthew Grigg

Key clients

Transocean Ltd.

Waterloo Investment Holdings Limited

Clarien Bank Limited

Bermuda Captive Network

Cactus Limited



Work highlights

  • Advised RenaissanceRe Holdings Ltd on its $3bn acquisition of American International Group Inc.’s treaty reinsurance business.
  • Advised on the establishment of a joint venture between Transocean Inc., Perestroika A.S. and funds managed by Lime Rock Management L.P.
  • Advised a client on its acquisition by amalgamation of two independent and licensed Bermuda trust and fiduciary service companies with and into the client’s two existing trust and fiduciary service companies.

The firm: With a heritage that dates back to 1898, Carey Olsen is one of the most established and distinguished offshore law firms, advising on Bermuda, British Virgin Islands, Cayman Islands, Guernsey and Jersey law across a global network of nine international offices.

The Cayman Islands practice is managed by partner Nick Bullmore, supported by senior lawyers with significant Cayman Islands and international experience. The team has been hand-picked to bring together leading specialists in investment funds, corporate and commercial, finance, insolvency, dispute resolution, real estate, trusts and local business licensing.

The office has grown rapidly since its launch in 2012, quickly establishing its credentials with leading onshore law firms and with both institutional and non-institutional clients in the Cayman Islands and internationally.

We work with an extensive range of clients including directors, global financial institutions, investment funds, multi-lateral lending agencies, private equity houses and private individuals, including entrepreneurs and trustees.

Our clients have become accustomed to a responsive, partner-led service that provides timely and high-quality legal advice, grounded in commercial reality.

We also have Cayman Islands-qualified lawyers in our Hong Kong and Singapore offices ensuring we are able to provide legal advice to our clients in Asia in their own time zones.

Areas of practice: The firm offers a comprehensive range of legal services for all aspects of corporate/transactional, dispute resolution and private client work.

The firm’s dispute resolution and litigation group represents clients on the full spectrum of contentious and advisory work. Together with commercial litigation services, its practice offers focused advice on banking and finance, corporate disputes, contentious trusts and regulatory matters.

The firm’s private clients rely upon it for services that include estate planning, residential property, relocation, wills and inheritance.

Department Name Email Telephone
Banking and finance Nick Bullmore +1 345 749 2012
Corporate and commercial Nick Bullmore +1 345 749 2012
Investment funds Nick Bullmore +1 345 749 2012
Trusts and private wealth Bernadette Carey +1 345 749 2025
Dispute resolution and litigation Sam Dawson +1 345 749 2035
Restructuring and insolvency Sam Dawson +1 345 749 2035
Corporate and commercial Jarrod Farley +1 345 749 2004
Investment funds Jarrod Farley +1 345 749 2004
Banking and finance Alistair Russell +1 345 749 2013
Corporate and commercial Alistair Russell +1 345 749 2013
Investment funds Alistair Russell +1 345 749 2013
Corporate and commercial Richard Munden +1 345 749 2026
Restructuring and insolvency Peter Sherwood +1 345 749 2002
Dispute resolution and litigation Peter Sherwood +1 345 749 2002
Private Client Bernadette Carey +1 345 749 2025
Property Law Bernadette Carey +1 345 749 2025
Relocation Bernadette Carey +1 345 749 2025
Photo Name Position Profile
Nick Bullmore photo Nick Bullmore Nick is Managing Partner of Carey Olsen’s Cayman Islands office. He advises…
Bernadette Carey photo Bernadette Carey Bernadette is the head of our Cayman Islands trusts and private wealth…
Emily Cornhill photo Emily Cornhill Emily is a senior associate in Carey Olsen’s corporate team in the Cayman…
Jasmin Davies photo Jasmin Davies Jasmin is a senior associate in Carey Olsen’s dispute resolution, insolvency and trusts…
Sam Dawson photo Sam Dawson Sam is head of Carey Olsen’s dispute resolution and insolvency and restructuring…
Mark Dowds photo Mark Dowds Mark has acted in a wide range of disputes and contentious, non-contentious…
Chris Duncan photo Chris Duncan Chris Duncan is a partner in the corporate team, based in the…
James Eggleton photo James Eggleton James is counsel in the dispute resolution and litigation team in the…
Jarrod Farley photo Jarrod Farley Jarrod is a partner in Carey Olsen’s Cayman Islands office. He advises…
Sarah-Jane Hall photo Sarah-Jane Hall Sarah-Jane is a senior associate in Carey Olsen’s Trusts and Private Wealth…
Henry Harford photo Henry Harford Henry joined Carey Olsen as a consultant in January 2016. Henry is…
Jason Mbakwe photo Jason Mbakwe Jason Mbakwe is a senior associate in Carey Olsen’s dispute resolution and…
Trevor McCabe photo Trevor McCabe Trevor is a partner in the corporate group in Carey Olsen’s Cayman…
Harriet Mills photo Harriet Mills Harriet is a senior associate in the property team in the Cayman…
Richard Munden photo Richard Munden Richard is partner in the corporate department and advises on a wide…
Denis Olarou photo Denis Olarou Denis is a partner in the firm’s dispute resolution, litigation and insolvency practice.…
Kristina Ostertag photo Kristina Ostertag Kristina is an associate in Carey Olsen’s corporate team in the Cayman…
Alistair Russell photo Alistair Russell Alistair is a partner in the corporate and finance group of Carey…
Peter Sherwood photo Peter Sherwood Peter is a partner in the dispute resolution and litigation team in…
Nigel Smith photo Nigel Smith Nigel is a senior associate in the dispute resolution and litigation team…
Evan Stitt photo Evan Stitt Evan is an senior associate in the corporate group of Carey Olsen’s…
Graham Stoute photo Graham Stoute Graham is based in Carey Olsen’s Cayman Islands office and advises private…
Richard Sykes photo Richard Sykes Richard is a consultant in our corporate practice in the Cayman Islands. Richard…
Katie Turney  photo Ms Katie Turney Katie is a senior associate in Carey Olsen’s trusts and private wealth…
Shane Westin photo Shane Westin Shane is counsel in Carey Olsen’s corporate, commercial and property law groups…
Jenna Willis photo Jenna Willis Jenna is a partner in the corporate and finance group of Carey…
Dylan Wiltermuth photo Dylan Wiltermuth Dylan is a partner in Carey Olsen’s banking and finance practice. His…