Carey Olsen has been recognised as Offshore Firm of the Year by The Lawyer Magazine.
Held at the Grosvenor House Hotel London, and hosted this year by Joanna Lumley, The Lawyer Awards is an annual ceremony that celebrates excellence in the legal profession across private practice, the public sector, commerce and industry.
Selected by The Lawyer's editorial team, Carey Olsen was presented with the Offshore Firm of the Year title for its overall offering, but specifially in acting for the winning parties in a ground-breaking decision issued by Guernsey's Royal Court. This landmark case involved UK non-domiciliary, wealthy entrepreneur Robert Tchenguiz and one of the offshore trust structures in which his assets are held.
The court’s judgment broke new ground in the Channel Islands which led to Carey Olsen persuading the Royal Court to grant what is believed to be the world's first-ever order subrogating the creditors to the trustees' rights in the trust assets and an order appointing receivers over the dynamic trust assets (with the exception of one UK property) pending determination of any appeal.
One of The Lawyer Awards judges commented: "The Tchenguiz case really was landmark and makes their submission surpass that of their peers.”
Pictured (L-R): Chris Saul, Senior partner at Slaughter & May, who presented the trophy on behalf of The Lawyer, Carey Olsen partners Emma Russell, Ben Morgan, Guy Coltman, Robert Milner, and Joanna Lumley, who hosted the awards ceremony.