Estera Launches Legal Services In Bermuda

October 10, 2019 | 0 Comments

Estera has announced the launch of legal services in Bermuda and the Cayman Islands.

“Estera Law will provide legal services in Bermuda and the Cayman Islands which are aligned to clients’ individual objectives and preferences. Estera’s legal services will cover a number of practice areas such as corporate and commercial, regulatory, insurance and investment funds,” the company said.

“The provision of legal services is in response to demands by clients for tailored solutions to support their strategic and operational priorities in the face of rapidly evolving regulatory, jurisdictional and market environments. This important, strategic development gives clients the option of a one-stop-shop for legal, corporate and fiduciary services.

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“Providing legal services will enable Estera to broaden and deepen relationships with clients in the Americas, Bermuda, the Cayman Islands and Hong Kong.”

“Estera already has impressive legal credentials with key members of the team having many decades of legal experience. In Bermuda, Alison Dyer-Fagundo will lead the legal team as Managing Partner of Estera Law [Bermuda] Limited.

“Ms Dyer-Fagundo was a former partner of a global offshore law firm and has extensive experience in private equity transactions, derivatives, public and private company M&A activity, equity and debt markets, corporate governance, and partnerships in relation to both their formation and on-going transactions.

“Ms Dyer-Fagundo was recommended by IFLR1000 and Legal 500 Caribbean where she was commended for being ‘extremely responsive and practical.’ Chambers Global named Ms Dyer-Fagundo a ‘Leader in her Field’’, noting ‘her significant experience in debt and equity financings and securities offerings and listings’.

“We are extremely pleased to announce the launch of legal services in Bermuda and the Cayman Islands”, said James Maitland, Regional Head of Americas, Bermuda and Caribbean at Estera.

“We are resolutely focussed on enhancing our services and providing our clients flexible, expert solutions. We also remain dedicated to strengthening our collaborative relationships with our existing partners and intermediaries in the Americas, Bermuda, the Cayman Islands and Hong Kong. This expansion further demonstrates our commitment not only to Bermuda and the Cayman Islands, but to our clients within the region.”

Alison Dyer-Fagundo added “This is a truly exciting development for our firm as clients now have the option of instructing us for both their legal and fiduciary services. We are incredibly flexible and will continue to work with a wide range of other advisers to provide our clients with the services that best suit their requirements.”

The company noted, “In the Cayman Islands, Estera has entered into a business affiliation relationship with U Law Limited which has been renamed as Estera Law [Cayman] Limited. Kendra Foster will be leading the legal team as Managing Partner. Ms Foster has extensive experience in the Cayman Islands financial services industry and was the founding principal of U Law Limited.

“Prior to founding the firm, Ms Foster worked for a prominent offshore law firm in the Cayman Islands and served as the Deputy Compliance Director of a multi-national corporate service provider. Ms Foster has expertise in financial services, investment funds, and general corporate commercial practice areas and specialises in regulatory, licensing, risk management and information disclosure matters.”

Kendra Foster commented “I am thrilled that U Law Limited is joining forces with the Estera Group and looking forward to partnering with Managing Director, Richard Gordon and the whole Estera team to develop Estera‘s Cayman Islands legal services offering by delivering a quality experience for clients focused on adding value .”

“In Bermuda, Estera is one of the largest providers of corporate fiduciary services and a key player in Bermuda’s thriving Insurance market as a registered listing sponsor for the Bermuda Stock Exchange [BSX]. In the Cayman Islands, Estera is a tier 1 CLO player and has an enviable reputation for delivering a full range of corporate, fund and fiduciary services,” the company added.

“On 19 July it was announced that Inflexion Private Equity will acquire Estera, subject to regulatory approval. Following completion, Estera will be merged with Inflexion’s existing portfolio company, Ocorian, to form a global corporate service and fund administration leader of significant scale. The combined business will be a major global player with offices in 18 key offshore and onshore jurisdictions, over 1,250 employees and serve over 8,000 clients.”

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