The Legal 500

Mourant Ozannes

THIRD FLOOR, HARBOUR CENTRE, PO BOX 1348, GRAND CAYMAN KY 1108, CAYMAN ISLANDS

What we say about the firm's legal practice in Cayman Islands

Corporate and commercial

Within Corporate and commercial, Mourant Ozannes is a second tier firm,

Mourant Ozannes's 'senior level people are always willing to get involved, respond quickly and give business-savvy advice'. The practice acted for the Cayman issuer on a $2bn securitisation for an emerging market utility company, marking one of the largest securitisation deals seen since the start of the credit crunch. Corporate head Neal Lomax is 'one of the brightest lawyers I have worked with in Cayman'; Richard de Basto leads in finance; James Wauchope is 'a problem solver'; Julian Fletcher is 'aware of industry issues'; and Simon Palmer joined from Maples and Calder.

Dispute resolution

Within Dispute resolution, Mourant Ozannes is a second tier firm,

Mourant Ozannes 'provides a fantastic service'. The practice advised Ahmad Hamada Algosaibi and Brothers Company in a fraud claim against Maan Al Sanea and his Saad Group of companies to recover $9.2bn, marking one of the largest frauds ever to be litigated, not only in the Cayman Islands but worldwide. Hector Robinson is a respected practitioner. Recent arrivals include trusts disputes experts Morven McMillan and Lucy Diggle from Charles Russell LLP; Fleur O'Driscoll from Dublin firm Mason Hayes+Curran; Tim Richards from CMS Cameron McKenna LLP; and Nicholas Fox from Harney Westwood & Riegels. Peter Hayden is practice head.

Insurance/reinsurance

Within Insurance/reinsurance , Mourant Ozannes is a third tier firm,

Mourant Ozannes' team advises private and listed companies in relation to all aspects of insurance and reinsurance matters. The practice specialises in advising on the establishment, regulatory compliance and business operations of insurance and reinsurance companies, as well as acting for insurance managers and brokers based in the Cayman Islands. It also acts for client companies seeking to carry on insurance business in the Cayman Islands or transact business with locally-based insurers. Richard de Basto is recommended.

Investment funds

Within Investment funds, Mourant Ozannes is a second tier firm,

Fielding 'lawyers who are forward thinking and humble yet powerful in their approach', Mourant Ozannes acts as Cayman Islands counsel to Polar Securities, for whom it recently assisted with the establishment of several new funds and the restructuring of certain structures. The firm also advised The Sentient Group on the establishment of new private equity funds, and it assisted SSARIS Advisors with the restructuring of several funds. Neal Lomax 'impresses clients and other counsel alike with his thoughtfulness and business acumen'. James Wauchope and Julian Fletcher are also key contacts. Fletcher is 'highly regarded, especially for his expertise relating to private equity fund work'.

Legal market overview

Within Legal market overview,

For some clients, Maples and Calder is 'without question the best law firm in the Cayman Islands', with international offshore practices Appleby, Conyers Dill & Pearman, Ogier Mourant Ozannes and Walkers all aggressively chasing. Campbells is, overall, the strongest of the local firms, with Solomon Harris also a serious contender.

Trusts/private client

Within Trusts/private client, Mourant Ozannes is a third tier firm,

Rated for its 'timeliness, expertise and dedication', Mourant Ozannes' representative experience includes advising on all aspects of the establishment and ongoing management of private and commercial trusts. The practice also acts for settlers, trustees, beneficiaries and protectors in trust disputes. Additionally, the firm provides online access to a suite of Cayman Islands trust precedents. The international trusts group in the Cayman office is led by widely rated lawyer Morven McMillan, who joined the firm in October 2010 from Charles Russell LLP in London, where she was formerly a partner, and head of the trusts and fiduciary disputes group. Lucy Diggle also recently joined from Charles Russell LLP, where she was a member of the trusts and fiduciary disputes team. Hector Robinson and Peter Hayden are experienced in high-value trust litigation.


Legal Developments by:
Mourant Ozannes

  • Jersey Private Placement Funds

    From January 2012 a new streamlined regulatory authorisation process for the establishment of privately placed funds is available in Jersey.
    - Mourant Ozannes

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