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Law Firm Launches in The BVI and Saint Lucia

A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise clients about their legal rights.

Dentons law firm has opened offices in the BVI and Saint Lucia as part of its expansion plans in the Caribbean.

Dentons is the only Pan-Caribbean law firm, and with more offices in all of Latin America and the Caribbean than any other law firm, Dentons is the first truly Pan-Latin American and the Caribbean law firm in the history of the legal profession.

The British Virgin Islands is widely recognised as a leading international financial centre principally due to its internationally recognised regulatory regime, a well-developed and professional corporate infrastructure, efficient company formation and administration processes, political and economic stability, an internationally renowned and respected commercial court and tax-neutrality.

The British Virgin Islands is a world leader for excellence and innovation in financial services and plays an essential role in the global economy.

The BVI Business Company is widely used globally as the core of many private wealth, investment and joint venture structures.

Dentons’ new office in the BVI is led by partner Stuart Bruce who has extensive experience handling complex, high-value cross-border matters across banking and finance, mergers and acquisitions, private equity and joint ventures, corporate and regulatory advice.

In Saint Lucia, Dentons has expertise in banking and finance, corporate, construction, employment and labour, financial institutions, government, hotels and leisure, insurance, litigation and dispute resolution, public law and real estate.

So far in 2020, Dentons has launched six combinations: Dentons Bingham Greenebaum and Dentons Cohen & Grigsby, the first step in forming a truly national law firm in the United States as part of Dentons’ “Project Golden Spike,” Dentons Kensington Swan in New Zealand, Dentons Lee in South Korea, Dentons Jiménez de Aréchaga in Uruguay and Dentons Rattagan Macchiavello Arocena in Argentina.

Start-up Company Gears Up For European Expansion

A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model.

Browne Jacobson’s corporate technology team has advised the founders of InsurTech startup Laka on raising $4.7m funding to fund the next stage of its growth strategy.

The round was led by leading venture capital firms LocalGlobe and Creandum, with Yes VC and prominent angel investors, Nick Evans and Oren Peleg, amongst others, also investing.

The investment will be used by founders Ben Allen, Jens Hartwig and Tobias Taupitz to grow its footprint across Europe, establish its European Union base in the Netherlands later this year and further develop its product portfolio. This will include a recovery and health product designed specifically to help cyclists who have experienced injury or accident to access the right services.

Founded in 2017, Laka specialises in insuring high-end bicycles in the United Kingdom and has developed a unique insurance model in which the cost of claims is split fairly between customers, with premiums capped at market rate for customer protection. Fewer claims lead to lower costs. On average Laka’s users have saved more than 80% compared to market prices.

Browne Jacobson’s London based team comprised corporate technology partner Jon Snade, associate Harry Pearson and senior associate Nicole Judah. Jon also led the team that advised Laka on its last successful seed round in 2018 which raised $1.5m.

Browne Jacobson has built a reputation for its innovative approach to delivering legal services to start-ups following the launch of the Grow programme in 2017 and which is tailored specifically for high-growth companies at any stage of the start-up journey.

The firm works with over 100 high-growth businesses across a broad range of sectors but notably in InsurTech and FinTech.