Chris Duncan > Carey Olsen > Grand Cayman, Cayman Islands > Lawyer Profile

Carey Olsen
WILLOW HOUSE, PO BOX 10008
CRICKET SQUARE
GRAND CAYMAN, KY1-1001
Cayman Islands

Work Department

Trusts and Private Wealth; Private Client; Dispute Resolution and Litigation; Regulatory; Family Office

Position

Chris Duncan is counsel in our trusts and private wealth practice in the Cayman Islands. Chris is also a key member of our Crypto and Blockchain group across both the Cayman Islands and the British Virgin Islands.

Chris advises on a broad range of contentious and non-contentious trusts and private client matters, with a particular focus on complex and high value advisory and restructuring matters, many of which have required court sanction or intervention, and has significant experience in hostile trust and estate litigation. Chris has also advised trustees, family offices and institutional clients in relation to regulatory matters and tax investigations. In addition, Chris advises clients on the full spectrum of crypto and digital assets matters, including wealth protection structures for estate and succession planning, structuring and regulatory advice in connection with token issuances and early stage fundraising, centralised and decentralised exchanges and VC funds, NFT platforms and mining/staking operations. Chris has published numerous articles and regularly speaks on panels and webinars on private wealth and crypto.

Chris is a registered Trusts and Estates practitioner, and has been recognised as a leading private client lawyer by eprivateclient making the Top 35 under 35 lists for both the UK and the Channel Islands in 2018 and 2019. He also featured in the Citywealth Future Leaders List in 2021, the Top 100 Private Client Lawyers in 2020 and was shortlisted for the Citywealth Lawyer of the Year (IFC) – Senior/Managing Associate category for 2020. Chris is ranked in the Chambers and Partners High Net Worth Guide with sources noting “he can navigate through matters seamlessly” and that he is “very commercial in his thinking“.  Chris was also recently recognised in the Citywealth Top 100 Crypto Advisors for 2022 as a highly accredited advisor.

His recent experience includes:

  • Advising on a significant pre-IPO restructuring of various Cayman Islands trusts and BVI companies in advance of multi-billion dollar IPO.
  • The creation of a variety of private wealth structures to hold and invest crypto and digital assets.
  • Assisting a well-known crypto project on their significant Series A financing round.
  • The formation of Cayman Islands foundation companies used in conjunction with decentralised autonomous organisations (DAOs) and decentralised finance (defi) projects.
  • Providing structuring and regulatory advice to various NFT platforms across the Cayman Islands and the BVI in relation to private and public token sales and issuances.
  • Advising clients on the implications of the Cayman Islands Virtual Assets (Service Providers) Act and providing assistance with applications for registration under the same
  • Advising the trustee of a Cayman Islands STAR trust in connection with a multi-jurisdictional family dispute.
  • Advising the trustee of a Cayman Islands trust in connection with contentious US divorce proceedings.
  • Advising the trustee of a billion dollar Cayman Islands structure in relation to breach of trust claims and a proposed global restructuring exercise.
  • Acting for the primary beneficiary of a Cayman Islands STAR trust in connection with a successful reformation by the Cayman Islands Grand Court.
  • Acting for the protector of a Cayman Islands trust in connection with challenges to its validity in European courts.
  • Forming and restructuring employee benefit, employee retention and pension trusts for significant businesses and hedge funds.
  • Advising the taxpayer in judicial review proceedings in relation to a tax information exchange agreement notice.
  • Advising trustees and beneficiaries in relation to international tax disclosures in France and Switzerland and the subsequent Public Trustee v Cooper ‘blessing’ applications in respect of the payment of foreign taxes.

Career

Prior to joining Carey Olsen, Chris was with Mourant in Guernsey from 2012 to 2019, working in both the Litigation and International Trusts and Private Client teams. Before that Chris worked at AWS Legal in New Zealand focusing on commercial and transactional matters.

Chris was admitted as a barrister and solicitor of the High Court of New Zealand in 2008, as a solicitor in England and Wales in 2019, as a Cayman Islands attorney in 2019 and as a British Virgin Islands attorney in 2021. Chris is also a full member of STEP, holding the official TEP designation.

Education

Chris graduated from the University of Otago, obtaining degrees in both Law and Chemistry.

Lawyer Rankings

Cayman Islands > Trusts/private client

A diverse roster of ultra-high-net-worth individuals, wealth management companies and financial services providers turn to the team at Carey Olsen for assistance with big-ticket mandates, including trusteeship transfers, family office formations, and wealth structuring issues. ‘Superb‘ practice head Bernadette Carey is well-versed in both contentious and non-contentious matters, appearing before the Grand Court in respect of private client disputes, and advising on succession planning and wealth structuring. Counsel Graham Stoute is noted for his capabilities in estate administration and advisory work, while fellow counsel Chris Duncan regularly handles restructuring projects for the firm’s trustee client base.

Comparative Guides

Cayman Islands: Private Client January 2023 This country-specific Q&A provides an overview to Private Client laws and regulations that may occur in Cayman Islands.
British Virgin Islands: Private Client January 2023 This country-specific Q&A provides an overview to Private Client laws and regulations that may occur in British Virgin Islands.