Channel Islands-headquartered offshore law firm Carey Olsen has opened a new office in Hong Kong, its second in Asia after Singapore.

The newly established branch will focus on dispute resolution and insolvency, It will be headed by partner Michael Makridakis, who recently relocated to Hong Kong from the firm's Cayman Islands office, where he established and led its dispute resolution and insolvency team.

The Hong Kong office will advise on contentious, semi-contentious and offshore advisory work including domestic and international restructuring and insolvency, corporate and commercial disputes, banking and financial services litigation, trusts litigation as well as fraud, asset tracing and regulatory disputes.

Carey Olsen launched its Singapore office last year, led by partner Linda Lee. The firm expanded that office recently with the relocation of partner Anthony McKenzie from the Caymans.