Guernsey Press

Carey Olsen team in major fund migration

GUERNSEY has secured another migration of a major fund from another jurisdiction.

Published
Ben Morgan. (24132099)

Corporate, fund and private wealth specialist Carey, and the funds team at law firm Carey Olsen, advised Vietnam Holding Limited on its migration from Cayman to Guernsey as part of the fund’s progression from the alternative investment market to the main market of the London Stock Exchange.

In conjunction with the fund company migration, fund manager Dynam Capital Ltd also migrated to Guernsey, assisted by Carey and Carey Olsen.

Carey acted as administrator, company secretary and sponsor to The International Stock Exchange for the fund’s migration, main market listing and TISE listing as well as ongoing administration services to the fund. Carey’s head of funds services, Mark Vidamour, was appointed as local director to Dynam.

Carey Olsen partner Ben Morgan led the Guernsey legal team advising the fund and was assisted by James Cooke.

‘We are very pleased to have worked on this project. Carey Olsen continues to advise more LSE-listed clients than any other offshore law firm, making us very well placed to assist Vietnam Holding Limited on both the migration to Guernsey and the move to the Main Market.

‘Guernsey is particularly well placed to support the governance needs of LSE-listed entities,’ said Mr Morgan.

Client director Rebecca Booth, who led the Carey team, said: ‘Carey’s combined funds and corporate capabilities enabled us to manage the migration project, corporate governance requirements and provide ongoing administration and compliance solutions that support the fund and Dynam’s fund management services to Vietnam Holding Limited.’