The Legal 500

Maples and Calder

PO BOX 309, UGLAND HOUSE, SOUTH CHURCH STREET,GEORGE TOWN, GRAND CAYMAN KY1-1104, CAYMAN ISLANDS
Tortola, Singapore, London, Hong Kong, Grand Cayman, Dublin and 1 more

Cayman Islands

Top-tier recommendations

Recommendations


Cayman Islands

Within Corporate and commercial, Maples and Calder is a first tier firm,

A most effective firm in the Cayman Islands’, Maples and Calder’s ‘vast knowledge in specialist areas is exemplary’. The team acted as Cayman counsel to Silver Lake Partners in its $24.4bn acquisition of Dell; and to UBS as administrative and collateral agent and GSO Capital Partners and Guggenheim Corporate Funding as lenders under a $1.1bn senior credit facility for Sony Corporation and Mubadala Dev Company, as borrowers, in relation to their $2.2bn purchase of EMI’s music publishing division. It also assisted the concessionaires and financiers in relation to the $71m financing of passenger buses for the Manaus public bus system. Paul Lumsden is head of corporate; finance head Alasdair Robertson has ‘great analytical ability and is very creative’; Mark Matthews has ‘excellent technical skills’; Tim Frawley has a ‘proven track record of successful results in adverse scenarios’; and Simon Firth is a ‘very effective problem solver’. Andreas Haug, Dale Crowley, Henry Smith and Iain McMurdo are also highly rated. Other key advisers include John Dykstra, Scott Macdonald, Tina Meigh, Wanda Ebanks, Kieran Walsh, Jonathan Green, Matthew Gardner, Nicholas Butcher, Nick Evans and Nicola Stradling.

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Within Dispute resolution, Maples and Calder is a first tier firm,

At Maples and Calder, team head Aristos Galatopoulos, Mac Imrie, Colin McKie and Matthew Crawford are recommended advisers. The team acted for Zolfo Cooper, as liquidators, in relation to the insolvency proceedings in the Cayman Islands connected to the restructuring of Trident Microsystems, a NYSE-listed company that is a major manufacturer of TV technology, and various group companies arising out of its US Chapter 11 bankruptcy proceedings; and advised Renova and its principal Viktor Vekselberg, one of Russia’s most prominent businessmen, in connection with a shareholder dispute concerning the appropriation by one of Vekselberg’s business partners of the Fabergé brand name. The practice also has a dedicated regulatory practice led by Martin Livingston. James Eldridge was promoted to partner.

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Within Insurance/reinsurance, Maples and Calder is a first tier firm,

Maples and Calder’s practice head Tim Frawley is ‘one of the best lawyers around, and his advice is accurate and practical’. He has extensive experience in the formation of new insurance companies, corporate and regulatory matters, and alternative risk transfer structures such as finite-risk vehicles, insurance-linked securities, and mortality/longevity risk arrangements. The team advised Cayman Islands insurance company zInsureRe on its merger with Irwin Reinsurance Corporation, with zInsureRe being the surviving entity. Abraham Thoppil’s experience includes insurance regulatory matters; the licensing of insurance companies, brokers, agents and insurance managers; and the restructuring of insurance companies and general insurance matters. John Dykstra is noted for catastrophe bond transactions.

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Within Investment funds, Maples and Calder is a first tier firm,

Maples and Calder’s lawyers are ‘knowledgeable about the law and practical in its implementation’. The team acted in ongoing legal issues and entity formation relating to Tudor Discretionary Macro Portfolio, a $500m hedge fund which focuses on macro-economic trends, and which was seeded with $150m by Tudor Investment Corporation. Jon Fowler is global investment funds head. Global private equity head Iain McMurdo ‘intelligently analyses thorny issues to deliver practical and creative solutions’. Henry Smith, David Brooks, Nicholas Butcher, Paul Lumsden, Jonathan Green, Tim Frawley, Nick Evans, Philip Millward and Heidi de Vries are also recommended. Dawn Howe left for Walkers’ London office.

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Within Real estate, Maples and Calder is a second tier firm,

Maples and Calder is ‘responsive to client concerns, as well as being knowledgeable about both Cayman law and local practices’. The team acts in the sale and purchase of commercial property, property financing, strata title law, and tendering and procurement; and has a particular focus on building and construction law. It acted for Wells Fargo Bank, National Association, as special servicer/lender, in relation to the transfer of a loan of more than $40m over the Marriott Hotel in the Cayman Islands; and advised the Kimpton Hotel and Restaurant Group (as hotel manager) in relation to a new hotel in Grand Cayman, the transaction including the negotiation of the hotel management agreement with the hotel owner in addition to strategic advice on real estate, local licensing and employment matters. Senior associate George Loutas’ ‘strengths are his client service levels, issue spotting and solid communication skills’.

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Within Trusts/private client, Maples and Calder is a first tier firm,

Maples and Calder’s ‘level of service is excellent’. The team advises many leading financial institutions, foreign governments, other financial centres and some of the world’s wealthiest individuals - including heads of state - on Cayman Islands private wealth structures. It also acts on a significant number of commercial trusts, both in relation to hedge funds and structured finance. Justin Appleyard is the partner in charge of the global trusts group, and he and his team regularly advise on the use of trusts in commercial and corporate transactions; Appleyard ‘combines tremendous intellectual capability with good practical common sense’. Nigel Porteous advises on all aspects of trust law, including in relation to private trusts, public trusts, and trusts used for commercial purposes, in particular unit trusts, and is ‘innovative and creative, as well as tenaciously taking problems and seeing them through to their end’.

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