The Legal 500

P.O.BOX 2510 GT, GRAND CAYMAN, CAYMAN ISLANDS
Tel:
Work +1 345 949 3344
Fax:
Fax +1 345 949 2888
Web:
www.stuartslaw.com
Email:

Cayman Islands : Corporate and commercial

Within Corporate and commercial, tier 4

Stuarts, Walker Hersant Attorneys-At-Law 'understands the complex issues we face and the firm offers substantial value in relation to the fees charged'. The team advised 3G Capital, a global investment firm and Burger King Worldwide's principal shareholder, on the Cayman legal aspects of its disposal of a minority stake of its holding in Burger King Worldwide. Team head Chris Humphries 'demonstrates a thorough understanding of Cayman law, and is pro-active in helping devise successful negotiating strategies in transactions'. Andrew Hersant is rated.

Cayman Islands : Dispute resolution

Within Dispute resolution, tier 4

Offshore boutique law firm Stuarts, Walker Hersant Attorneys-At-Law welcomed Harney Westwood & Riegels's former team head Sarah Dobbyn as of counsel. The practice has developed a particular specialisation in distressed funds litigation and liquidation matters. It advised hfc/Contrarian Capital, as the second largest stakeholder in the Sphinx funds, in relation to representative proceedings concerning the 22 liquidations. Litigation head Anthony Akiwumi and senior counsel Richard Annette are recommended.

Cayman Islands : Investment funds

Within Investment funds, tier 4

Stuarts, Walker Hersant Attorneys-At-Law is experienced in advising on the formation, structuring, regulation, de-registration and liquidation of investment funds in the Cayman Islands; and provides ongoing legal advice to investment funds and fund managers. The team has particular experience in advising on investment platforms, and is heavily involved in providing distressed funds services. Recent experience includes assisting Galt Global Capital in establishing a fund to facilitate the purchase of privately held shares in Facebook. Team head Chris Humphries and Andrew Hersant are praised.


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Cayman Islands

Offices in Grand Cayman

Legal Developments by:
Stuarts, Walker Hersant Attorneys-At-Law

  • CAYMAN ISLANDS’ COURT OF APPEAL RE-AFFIRMS STATUS OF SEGREGATED PORTFOLIO COMPANIES

    The Cayman Islands Court of Appeal has re-affirmed the distinction between segregated portfolio companies (“SPCs”) and their segregated portfolios and the insolvency implications for each. In ABC Company (SPC) v J & Co. Ltd (CICA Unreported, May 2012) the Court of Appeal re-affirmed that the insolvency of one segregated portfolio in an SPC will not impact the other segregated portfolios in that SPC so as to require a winding up order to be made over the SPC as a whole. The Court of Appeal’s decision is believed to be the first reasoned judgment of the Cayman Islands courts dealing with the winding up of SPCs.
    - Stuarts, Walker Hersant Attorneys-At-Law

Legal Developments in Cayman Islands

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