Steven's practice covers a broad spectrum of corporate, commercial and regulatory law with specific depth and experience in corporate governance and regulation, mergers and acquisitions (M&A), finance, securities and restructuring.

A recognised specialist in the fintech and digital asset sector, Steven worked with the Bermuda government in the introduction and development of its digital asset legal and regulatory regime, and represents a significant number of digital asset companies headquartered, or with operations, in Bermuda. He also has particular expertise in infrastructure projects and the wider technology, telecommunications and energy sectors.

Steven regularly represents clients on a wide variety of local and cross-jurisdictional corporate and regulatory transactions and restructurings as well as public offerings (IPOs), private placements and listings on the Bermuda, New York and London stock exchanges. He also advises on complex multinational joint ventures and private equity projects.

Steven has acted as a director on the boards of US and European listed companies as well as smaller entrepreneurial private companies and has advised on all aspects of business law that affect such entities. He is as comfortable advising technology start-ups as he is with the boards of international conglomerates.

Steven is frequently asked to speak and present on Bermuda legal and regulatory matters at conferences around the world with recent speaking engagements including:

Panelist at the CPCU Society Riskathon in Bermuda, an event for risk professionals Carey Olsen sponsors the Bermuda Riskathon 2023 | Carey Olsen.
A seaside chat with David Robles of Google during the Bermuda Tech Summit about ‘Nuvem,’ Google's new transatlantic subsea cable system connecting Portugal, Bermuda, and the United States.
Panelist at International Bar Association Annual Conference on the Globalisation of Investment Funds in New York, joining a panel of speakers to discuss the future of digital/virtual assets in asset management.
Panel moderator at International Tech Summit in Bermuda, on the evolution of the regulation of DeFi Carey Olsen attending International Tech Summit 2023 | Carey Olsen
Panelist at webinar: Global Offshore Fintech Focus on Crypto: Laws, Regulations and Trends in partnership with Mondaq Webinar: Global Offshore Fintech Focus on Crypto | Carey Olsen
Panelist at the CPCU In2Risk22 to discuss the metaverse, blockchain and insurance Carey Olsen to speak at In2Risk 2022 | Carey Olsen
Panelist at the Bermuda Tech Summit, looking at how regulators promote resilience and innovation during turbulent times

Career

Steven joined Carey Olsen Bermuda after 13 years at another international offshore law firm where he was Joint Global Head of Technology and Innovation.

Prior to his arrival in Bermuda he worked for the London offices of international law firms Norton Rose Fulbright and Hill Dickinson LLP.

In addition to being called to the Bar in Bermuda, Steven has been called to the Bar of New York (US Southern District) and admitted as a solicitor in England and Wales (non-practising). He is also a member of the Bermuda Bar Association, the Law Society of England and Wales and the New York Bar Association.

Carey Olsen Bermuda Limited is a company limited by shares incorporated in Bermuda and approved and recognised under the Bermuda Bar (Professional Companies) Rules 2009. The use of the title “Partner” is merely to denote seniority. Services are provided on the basis of our current terms of business, which can be viewed at: www.careyolsen.com/terms-business.

Advises on

业务领域

Relevant experience

Advising Gold Reserve Ltd (TSXV: GRZ), a Toronto Stock Exchange Venture Exchange listed mining company, on its migration from Canada to Bermuda.
Advising on the successful admission of Heather Venture Holdings Ltd. and Tapir Holdings Ltd. to list their respective shares on the Mezzanine Market of the Bermuda Stock Exchange.
Advising Mountain Holdings Limited, a holding entity for Mountain Protocol Limited, on ongoing regulatory and corporate governance obligations pursuant to obtaining Class M license under the Bermuda digital asset business regime.
Advising Ocean Wilsons Holdings Limited in respect of a tender offer related to a repurchase of shares following its disposal of its indirect majority interest in Wilsons Sons S.A.
Advising OpenEden Digital Limited to obtain a Class M license under the Bermuda digital asset business regime to issue stablecoins and other digital assets representing traditional financial instruments and real-world assets. The licence obtained permitted the issuance of a yield bearing token designed to provide a stable yield to token holders by being backed by fully collateralised stablecoins.
Advising Paratus Energy Services Limited, a leading energy services holding company incorporated in Bermuda, on the successful private placement of US$500 million in new five-year senior secured bonds with a 9.5% coupon rate.
Advising Penrose Partners Ltd regarding a legal opinion on USDC airdrop, public download of self-custodial wallets and use of USDC in local vendor market as part of a conference activation in Bermuda.
Advising Sega Sammy Creation Inc., a wholly owned subsidiary of Sega Sammy Holdings, Inc., on its acquisition of Nasdaq-listed GAN Limited.
Advising HashKey Group on obtaining a digital asset business license from the Bermuda Monetary Authority under the Digital Asset Business Act.
Advising Soter Insure, a pioneering provider of specialised insurance solutions for the digital asset economy, on achieving full Class IIGB license approval from the Bermuda Monetary Authority.
Advising Tapir Holdings Ltd. (BSX: TPH.BH) on its US$87 million acquisition of shares in Rendeavour Holding Limited, an exempted company organised and existing under the laws of Bermuda.
Advising digital assets investment solutions group XBTO Global on its dual acquisition of Bermuda licensed digital asset businesses Stablehouse Ltd and XBTO International Ltd.

Awards and accolades

奖项和荣誉

Steven is recognised by Legal 500 as a 'Leading Individual', ranked by IFLR1000 as a 'Rising Star Partner' and has consistently been ranked by Chambers and Partners since 2017. Steven has also been named amongst the Citywealth Top 50 Crypto Professionals for 2023 for his work on licensing, regulatory permissions and token redeeming and issuing.