30 November 2020
Carey Olsen (BVI) L.P.
On 30 November 2020 Carey Olsen BVI converted to a limited partnership, having registered under the Limited Partnership Act, 2017 (the "Law") with the name Carey Olsen (BVI) L.P. ("CO BVI L.P.").
CO BVI L.P. holds a trade licence issued by the Government of the British Virgin Islands and, as such, is permitted to provide legal services in and from the British Virgin Islands.
CO BVI L.P. has the benefit of all existing client contracts entered into by Carey Olsen BVI prior to 30 November 2020, including the right to payment of fees and disbursements. All invoices will now be issued in the name of CO BVI L.P.
Following registration and in accordance with the Law, the partners of CO BVI L.P. will have limited liability and, generally, are not liable for CO BVI L.P.’s debts or losses.
Our existing terms of business have been amended and updated. Any client of Carey Olsen BVI receiving legal services following 30 November 2020 is doing so as a client of CO BVI L.P. and, save to the extent otherwise agreed, is deemed to have accepted the amended terms of business.
Should you have any questions, please do not hesitate to contact Clinton Hempel.