Offshore law firm Carey Olsen has opened an office in Hong Kong. The move is part of a continued expansion of the firm’s network in Asia, Carey Olsen said in a press release.
The Hong Kong practice has a dispute resolution and insolvency focus with partner Michael Makridakis who recently relocated from the firm’s Cayman Islands office.
Mr. Makridakis, who will continue to work alongside Carey Olsen’s dispute resolution and insolvency practices in the British Virgin Islands and Cayman as well as Guernsey and Jersey, said: “The growth in demand for offshore legal services in Asia has created a parallel demand for offshore litigation services and we have an increasing number of clients requiring advice in relation to disputes and insolvency matters in the region.
“Our Hong Kong office provides clients and referrers with access to offshore dispute resolution and insolvency specialists who are in the same time zone and who have a thorough understanding of the Asian market.”
The establishment of the Hong Kong presence follows the launch of Carey Olsen’s Singapore office by lead Asia partner, Linda Lee, in October last year.
The Hong Kong office will advise on contentious and offshore advisory work, including domestic and international restructuring and insolvency, corporate and commercial disputes, banking and financial services litigation, trusts litigation as well as fraud, asset tracing and regulatory disputes.
Linda Lee, Carey Olsen’s head of Asia, said: “The provision of offshore dispute resolution and insolvency services in Hong Kong complements our corporate, finance and investment funds offering in Singapore and begins the next chapter of Carey Olsen’s Asia story.”
Carey Olsen’s Cayman Islands managing partner, Jarrod Farley, said the firm’s Cayman disputes and insolvency team regularly advises Asia-based clients, making a permanent presence in Hong Kong a logical step for the firm.
“This summer we were joined by partner Sam Dawson and alongside the new head of our Cayman disputes and insolvency team, Jan Golaszewski, they will ensure we retain a strong on-island offering in support of the Hong Kong venture,” Mr. Farley said.
Carey Olsen has 49 partners and 200 lawyers and provides advice on British Virgin Islands (BVI), Cayman Islands, Guernsey and Jersey law from a network of eight international offices.