Among the most prestigious awards programmes in Asia for Chinese and international law firms, the China Business Law Awards are based on thousands of nominations received from Chinese and international legal professionals and other leading industry decision-makers. In determining the winners, China Business Law Journal's editorial team carefully considered nominations across a number of other factors, such as each firm's notable deals, cases and other achievements over the past year. 

Carey Olsen Asia has earned a market-leading reputation for advising asset management clients in Asia on the British Virgin Islands and Cayman Islands legal aspects of forming and registering offshore fintech-related funds. To date it has advised on numerous landmark deals including advising IDEG Asset Management on the launch of its fund platform including twelve new digital asset sub-funds, advising a world-leading private equity firm on the establishment of its first digital assets fund, advising Cumulus Capital on the launch of its first digital asset fund, and advising numerous other clients on the establishment of web 3 focussed investment funds. In addition to fund formation mandates, the team has also provided regulatory advice and guidance to various clients in relation to the BVI and Cayman Islands virtual asset service provider regimes.

On the contentious front, the Carey Olsen Disputes Resolution team in Asia has been advising creditors and other interested parties on high profile and complex crypto-related insolvencies and restructurings including the Three Arrows liquidation and the Babel Group restructuring.

Michael Padarin, Carey Olsen Hong Kong managing partner, said: "The Carey Olsen team in Asia are delighted to have once again won big at the China Business Law Awards, and we are particularly pleased to have this time been recognised for our fintech and blockchain practice.

Since launching in 2016, we have worked on some of the market's preeminent fintech matters and this award is a reflection of our combined knowledge and experience, which can support even the most complex of deals."

Carey Olsen is now one of the largest offshore law firms in Asia, with substantive offices in each of Hong Kong SAR and Singapore. Earlier this year, the team was featured six times in China Business Law Journal's prestigious 'deals of the year' list for 2022. Carey Olsen Singapore managing partner Anthony McKenzie has also been featured in China Business Law Journal's prestigious A-List for the third year running, consistently recognising him as one of the best private practice lawyers in the Chinese market.

Carey Olsen Asia advises on all aspects of transactional work (banking & finance, capital markets, corporate and M&A and investment funds) and litigation, insolvency and restructuring work, as well as family office and trust and private wealth.