Conyers Dill & Pearman, an offshore law firm, has announced management buy-out (MBO) of Conyers' Mauritius Business.

“We are delighted to announce the management buy-out of Conyers Mauritius business by the three leading international business lawyers operating the Mauritius office of Conyers Dill & Pearman, namely, Sameer K. Tegally, Sonia Xavier, and Ashvan B. Luckraz,” the firm said in a statement.

Following the management buy-out, Conyers Dill & Pearman will continue to service its clients in Mauritius through Venture Law Ltd (the law firm) and Venture Corporate Services Ltd (the corporate and trust service provider), and is pleased to continue its relationship with the Venture entities. 

The completion of the transaction is subject to regulatory approvals in Mauritius.

Conyers is a Tier 1 offshore firm advising on Bermuda, BVI, Cayman and Mauritius laws, with expertise in corporate, litigation and private client/trust.

In addition, Conyers has named Paul Naylor as its new Chief Operating Officer, effective April 1.

Naylor succeeds Stephen DeSilva who is set to retire on March 31, after more than 25 years with the firm.

“Conyers is a leading international law firm and I am delighted to be joining the management team and working across the global network to contribute to the firm’s success”, said Naylor.

Naylor has extensive experience in operational roles. 

Prior to joining Conyers, he worked at Linklaters for over 10 years, most recently as Business Manager for its global Dispute Resolution division and COO for its India practice.

“We would like to thank Stephen for his contributions to Conyers. He has had a positive impact on all areas of the firm’s operations and he will be missed when he leaves us in March”, said Christian Luthi, Director and Chairman. 

He added: “We are pleased to welcome Paul and look forward to working with him to ensure the continued smooth running of the firm and fully expect that he will play a key role in helping us fulfil our strategic objectives and build on our place as a leader in our market”.

“It is an exciting time at Conyers. Paul brings a great deal of business savvy to the role and an innovative new approach in a rapidly changing market is key to differentiating the firm. I wish him every success going forward”, remarked Mr. DeSilva.