Ogier's BVI team leading in all aspects of fintech and crypto

Ogier’s leading digital asset practice in the British Virgin Islands continues to be at the forefront of high-profile matters in the fintech and crypto asset sector.

Three Arrows, Coinbase and Deribit

As ongoing counsel to the joint liquidators of Three Arrows Capital (3AC), in both contentious and non-contentious matters, Ogier has played a critical role in helping the liquidators navigate the complexities of one of the world’s most significant insolvencies in the digital assets space. Ogier's top-tier BVI disputes practice, led by practice partner, and insolvency and restructuring and fraud and asset tracing specialist, Nicholas Brookes, complemented by our highly regarded transaction digital assets practice (one of the BVI's first), is able to provide a truly holistic approach to this matter.

More recently, Ogier's corporate and digital asset specialists, led by Michael Killourhy, advised 3AC's liquidators in respect of Coinbase Global's acquisition of Deribit, a leading cryptocurrency derivatives exchange, for more than US$ 3 billion. Coinbase is the world's largest publicly traded crypto exchange and the largest US-based crypto exchange by any measure. 3AC was a significant selling stakeholder in the deal by virtue of a substantial managed investment in Deribit. The transaction is the largest ever M&A deal in the digital space to date and comprises $700 million in cash and 11 million shares of Coinbase Class A common stock. It is expected to close by the end of the year, pending regulatory approvals. Our work in connection with the transaction not only highlights Ogier’s expertise in cross-border digital asset work, whether contentious or non-contentious, but also exemplifies our ability to handle strategically important matters involving some of the sector’s most recognised players.

Thought leadership at "Fintech On The Seas"

Looking ahead, Ogier is delighted to be among the sponsors of BVI Finance's "Fintech On The Seas" Digital Assets Summit to be held on Sir Richard Branson's Necker Island from 25-27 June. This landmark event will welcome key stakeholders, visionary founders and thought leaders in the global digital asset and fintech ecosystem. Ogier's key digital experts will be in attendance including partners Nicholas Brookes and Michael Killourhy, and counsel Stuart Fee. Michael is part of a panel at the conference, sharing his insights on the evolving regulatory and transactional landscape for digital assets in the BVI and beyond.

How Ogier can help

Ogier is committed to advancing the development of the fintech and digital asset sectors in the British Virgin Islands, and across all our jurisdictions, advising clients on cutting-edge transactions and initiatives, and shaping the future of this dynamic industry.

About Ogier

Ogier is a professional services firm with the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost-effective services to all our clients. We regularly win awards for the quality of our client service, our work and our people.

Disclaimer

This client briefing has been prepared for clients and professional associates of Ogier. The information and expressions of opinion which it contains are not intended to be a comprehensive study or to provide legal advice and should not be treated as a substitute for specific advice concerning individual situations.

Regulatory information can be found under Legal Notice