Trust law specialists from Carey Olsen have contributed the Bermuda, Cayman Islands and Guernsey chapters to the fifth edition of Trusts in Prime Jurisdictions.
The book, which is produced in association with the Society of Trust and Estate Practitioners (STEP), provides an essential resource in the use of trusts across more than 20 jurisdictions and in a wide range of contexts. Sourcing contributions from leading professionals and recognised academics connected with the global trusts and private wealth sector, it also examines related topics such as trust taxation, anti-money laundering laws, the Common Reporting Standard, exchange of information and the transparency of registers.
Keith Robinson, partner and head of the firm's Bermuda trusts and private wealth practice, penned the book's Bermuda chapter, while Bernadette Carey, partner and head of the trusts and private wealth teams across the British Virgin Islands and Cayman Islands, has written the Cayman Islands section. Guernsey trusts and private wealth partner Natasha Kapp and senior associate Nina Clift co-authored the Guernsey chapter.
Mr Robinson said: "The book is an incredibly useful reference tool to the global trusts and private wealth sector, while also providing a fascinating insight into some of the latest trends, developments and legislative changes affecting the industry. The fact that Carey Olsen was selected to submit chapters for Bermuda, Guernsey and the Cayman Islands underlines our leading position among offshore law firms in this practice area."
In October, Carey Olsen was named Offshore Firm of the Year at the Chambers High Net Worth Awards in London. The success followed the publication of the 2019 edition of the Chambers and Partners High Net Worth guide, which saw Carey Olsen secure a series of top tier rankings and described by sources as the 'the first name we think of for trust and fiduciary providers from the private client side'.
The firm has one of the largest trusts and private wealth teams in the offshore world with 50 partners and associates providing advice on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey and Jersey to local and international clients and their advisers.