35 ASIAN LEGAL BUSINESS – AUGUST 2024 WWW.LEGALBUSINESSONLINE.COM and BVI counsel to Hong Kong Airlines with respect to its US$6.2 million debt restructuring. She is currently acting for the joint liquidators of Unigroup International Holdings and Tsinghua Unigroup International, which are both companies incorporated in the BVI with significant offshore USD denominated debt. Justin Davis partner, Ogier, Hong Kong Justin Davis is a partner in Ogier’s dispute resolution and restructuring and corporate recovery team based in Hong Kong. With over two decades of postqualification experience, Davis’s legal career includes over 15 years’ practice as a commercial barrister in London and 4 years working in the British Virgin Islands (BVI), where he frequently appeared in the BVI Commercial Court and the Eastern Caribbean Court of Appeal. At Ogier, Davis has led notable cases that demonstrate his adept handling of complex multi-jurisdictional matters. One of his major cases involves representing the joint liquidators of Three Arrows Capital (3AC), Christopher Farmer and Russell Crumpler of Teneo (BVI). The collapse of 3AC, a significant event in the crypto financial market, was precipitated by the implosion of Terra and Luna, which caused massive defaults and the liquidation of 3AC’s positions. The liquidation process encompasses numerous creditors and multi-jurisdictional proceedings, with debts exceeding $3 billion and assets primarily comprising disputed crypto assets. Davis is also leading an ongoing complex shareholder dispute in the BVI which also involves ongoing arbitration proceedings and valuable intellectual property assets in the PRC. Ogier’s client, in her capacity as a registered minority shareholder and improperly ousted director of a BVI company, has issued unfair prejudice proceedings against the BVI company and its two alleged directors (including the majority shareholder). One of the central disputes underpinning the proceedings is the validity of various share subscription agreements governed by PRC law and subject to arbitration in Shanghai. Consequently, three related arbitration proceedings are ongoing in the PRC, and Ogier works closely with both the client and PRC counsel. Edwin Gomez counsel, Ogier, Hong Kong Edwin Gomez is a counsel in Ogier’s restructuring and corporate recovery team based in Hong Kong. Since joining Ogier in 2016, Gomez has been an integral part of the firm, achieving promotion to senior associate in 2019 and counsel in 2021. Specializing in BROUGHT TO YOU BY CAREY OLSEN A conversation with James Noble and Jeremy Lightfoot Congratulations on having four lawyers named among ALB Asia Top Offshore Litigators. How does this recognition reflect Carey Olsen’s growth and positioning in the Asian legal market? Carey Olsen’s Asia teams have achieved significant growth since launching in the region in 2015, and our Singapore-based offshore litigation team is now the largest in the market. Clients deeply appreciate our presence on-the-ground and ability to respond from their time zone with full-service litigation teams in both Hong Kong SAR and Singapore. The Carey Olsen lawyers featured in this list showcases our breadth of experience across key offshore jurisdictions, including the British Virgin Islands, Bermuda, and the Cayman Islands. We are particularly proud that Matthew Watson has been recognised for the first time following his relocation from Bermuda to Hong Kong in 2023. Can you elaborate on the key strengths of Carey Olsen’s litigation and insolvency practices in Asia, and how these set you apart from other offshore firms in the region? Put simply, we have decades of expertise, innovative problem-solving skills, and unparalleled as Helen Wang who are deeply familiar with Chinese business practices, allows us to navigate complex cross-border matters effectively. By combining our in-depth knowledge of offshore jurisdictions with our native level understanding of the Asian business environment, we provide a unique value proposition that sets us apart. Looking ahead, what are Carey Olsen’s plans for further developing its litigation and insolvency capabilities in Asia, and how do you see the firm’s role evolving in the region’s legal market? Carey Olsen is committed to further expanding its litigation and insolvency capabilities in Asia by strategically growing our teams with new hires. Our involvement in industry associations such as INSOL, IWIRC, SIAC, IPAS, IPBA and IBA means that we actively contribute to shaping the legal and regulatory environment, ensuring that our clients benefit from the latest developments. We have already expanded our private client and fintech practices in Asia, welcomed several lateral partner hires in litigation and investment funds, and promoted multiple employees. We expect this positive momentum to carry on into 2025 and beyond. client service. Our partners have lived and worked extensively in the BVI, Bermuda, and the Cayman Islands, enabling us to provide strategic and tailored advice. We offer 24-hour coverage from our Asia offices, ensuring seamless support for our clients. Our multilingual team, including Chinese lawyers such 1 - James Noble, Head of Litigation, Insolvency and Restructuring, Asia E: james.noble@careyolsen.com 2 - Jeremy Lightfoot, Head of Litigation, Dispute Resolution and Insolvency, Hong Kong E: jeremy.lightfoot@careyolsen.com Carey Olsen W: www.careyolsen.com 2 1
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