Carey Olsen

Carey Olsen advises USA Rare Earth on its US$870 million business combination with Inflection Point Acquisition Corp. II The proposed transaction values USARE at a pro-forma enterprise value of US$870 million and includes an initial circa US$35 million PIPE investment, of which US$25 million funded in connection with the signing of the business combination agreement. USARE is developing a vertically integrated US rare earth element magnet supply chain, with an early-mover advantage to become a significant ex-China producer. Founded in 2019, USARE has permanent magnet production equipment on site at its Stillwater, Oklahoma location...

Nothing lasts forever... or does it? New perpetuities legislation introduced in the Cayman Islands The "old" rule The rule against perpetuities currently applicable in the Cayman Islands is derived from English law and is aimed at preventing individuals from 'tying up' their assets in trust indefinitely. Broadly speaking, the rule prescribes a set period – the perpetuity period – within which time the interest of each beneficiary must vest (i.e. each beneficiary must become absolutely entitled to the relevant property within a specified period). Where the rule is not adhered to, the trust will be void...

Guernsey: the choice for venture capital funds An original version of this article was first published by IFC Review, Tuesday 20 August, 2024 With respect to venture capital (VC) funds in particular, recent research conducted by global law firm Proskauer Rose LLP has revealed that Guernsey remains the most prevalent jurisdiction for European VC funds, with twice as many funds raised in Guernsey during 2022-2023 as compared to the next most popular jurisdiction.[1] As the leading legal adviser to Guernsey’s investment funds sector by both number of funds advised and by assets

Energy performance certificates: a step towards sustainability