Firms To Watch: Dispute resolution

Founded in May 2022 by litigator Katie Pearson and regulatory expert Elisabeth Lees, boutique firm Claritas is a key name for global clients and a notable choice for conflict work.

Dispute resolution in Cayman Islands

Maples Group

Lauded for its thorough attention to detail and ‘client focused, imaginative approach‘, Maples Group fields an almost unparalleled offering in big-ticket, cross-border litigation, representing clients in high-profile insolvencies, fair value appraisal proceedings, and investment fund disputes. The sizeable team is jointly led by James Eldridge, a ‘master tactician’ who specialises in insolvency issues and distressed funds work, and Caroline Moran, a seasoned litigator who has most recently handled a number of s.238 cases and cross-border Chapter 11 restructurings. Noted for his capabilities in private equity focused disputes and asset tracing, Luke Stockdale has been engaged on cases concerning the enforcement of foreign judgments and arbitral awards, including appeals to the Privy Council. Promoted to partner in January 2022, Nick Herrod focuses on cross-border insolvency and schemes of arrangement while the ‘first-class’ Adam Huckle, another recently promoted partner, specialises in international trusts disputes and contentious regulatory proceedings.

Practice head(s):

James Eldridge; Caroline Moran

Other key lawyers:

Luke Stockdale; Nick Herrod; Adam Huckle; Malachi Sweetman

Testimonials

‘Maples is regarded as being one of the pre-eminent litigation practices and rightly so. It attracts work of the very highest quality and provides outstanding legal services through a large and capable team with lawyers of outstanding quality at all levels of seniority. The team is client focused and imaginative in its approach.’

‘James Eldridge is a master tactician with a nose for what are good and bad points; he is clear sighted when it comes to formulating effective litigation strategies. He is robust, bright and brings a commercial and pragmatic approach to his work.’

‘Adam Huckle is absolutely first class.’

‘The practice is one of the most thorough practices I’ve worked with. They ensure no stone is left unturned, and get to the bottom of all the important issues.’

‘Malachi Sweetman’s intelligence and attention to detail are excellent. His capacity to understand new topics is also excellent, and he’s a pleasure to work with.’

Key clients

58.com

eHi Car Services Limited

Xiaodu Life Technology Limited

China Biologic Product Holdings Inc

FGL Holdings

Bitauto Holdings Limited

Ting Chuan (Cayman Islands) Holding Corp and China CVS (Cayman Islands) Holding Corp

USAVflow

China Biologic Product Holdings Inc

Katerra Inc.

Work highlights

  • Retained by China Evergrande Group’s as offshore counsel to advise on the restructuring of the group.
  • Advising Katerra Inc. and its subsidiaries in relation to Cayman Islands law matters in connection with the group’s Chapter 11 proceedings and subsequent plan of liquidation.
  • Advising 58.com on all aspects of the s.238 fair value appraisal proceeding arising from its recent privatisation and delisting from the NYSE. This is the largest merger dissent case ever to come before the Cayman Islands court, with an initial dissent pool of $1.97bn based on the amount of the merger consideration.

Walkers

Walkers fields the largest insolvency and dispute resolution practice in the Cayman Islands, praised by for its ‘strength in depth’ and consistently high-quality advice on the full scope of contentious proceedings, including cases taken before the various Caribbean courts. Steered by ‘excellent’ corporate recovery expert Matthew Goucke and cross-border restructuring specialist Neil Lupton, the team routinely appears before the Grand Court in multi-billion-dollar, multi-jurisdictional liquidations, s.238 appraisal proceedings, and trust litigation, as well as in precedent-setting local disputes. Nick Dunne focuses on cross-border fraud and asset recovery cases, regularly litigating before the Grand Court and the Court of Appeal. Barnaby Gowrie‘s contentious expertise is concentrated on international restructurings, while the ‘outstanding’ Shelley White helms many of the most high-stakes trust disputes taking place in the jurisdiction. Rupert Bell‘s broad expertise encompasses appraisal actions and appeals taken before the Judicial Committee of the Privy Council, as well as fraud and asset tracing matters, and senior counsel Niall Hanna is recommended for his experience in winding up petitions and provisional liquidations. Fellow senior counsel Fiona MacAdam is recommended for debt restructuring matters. Colette Wilkins has relocated to the firm’s Hong Kong office.

Practice head(s):

Neil LuptonMatthew Goucke

Other key lawyers:

Nick Dunne; Barnaby Gowrie; Shelley White; Rupert Bell; Niall Hanna; Fiona MacAdam

Testimonials

‘Provide insolvency and restructuring legal advice and support on complex offshore financial issues in a consistently articulate, precise and prompt manner whether orally, in writing or before the Grand Court or Court of Appeal of the Cayman Islands or the Judicial Committee of the Privy Council in London.’

‘Matthew Goucke is excellent, well-read, analytical and considered.’

‘Shelley White is experienced in a variety of matters including discovery, insolvency and trust litigation. Responsive, user friendly and persuasive.’

‘Walkers’ reach across all the key offshore jurisdictions is first-class, and for clients the cross-border delivery is seamless.’

‘Shelley White is outstanding. Her critical thinking, deep knowledge of her markets and delivery of strategic yet commercial advice is second to none across the Cayman and wider offshore firms. A go-to practitioner for complex disputes, she never lets a client down.’

‘All of the team is extremely responsive and able to provide high-quality advice. There is never any deviation in the level of service a client receives.’

‘The dispute resolution team is just a pleasure to work with. The partner on the job is usually quite hands-on, they always provide sensible, practical advice. They are commercially aware and willing to be flexible in certain circumstances.’

‘Terrific understanding of the case in all details, important links to the network in jurisdictions, and fast response times.’

Key clients

Alvarez & Marsal (Cayman Islands) Limited

Apollo Management International LLP

Asia Cement Corporation

BDO CRI (Cayman) Ltd

BT Global Investments

Credit Suisse AG

Deloitte & Touche

EY Cayman Ltd.

FFP (Cayman) Limited

FTI Consulting Ltd

Grant Thornton

KrisEnergy

KRyS Global

Lekoil Limited

Maso Capital Investments Limited

MIE Holdings Corporation

Nature Home Holding Company Limited

PwC

R&H Restructuring

Appleby

Appleby‘s ‘excellent strength across the whole team‘ ensures that it is sought out by a stellar lineup of international corporate clients for representation in high-stakes fund disputes, winding up proceedings, and contractual enforcement matters. Newly appointed practice chair Tony Heaver-Wren has most recently helmed a number of contentious insolvencies and restructurings, appearing on behalf of clients in schemes of company arrangement and contested liquidation hearings. The ‘standoutSebastian Said is widely regarded for his advocacy in international commercial litigation, with recent engagements including hostile trust proceedings and defending insurance claims before the Cayman courts. David Lee regularly handles big-ticket investment fund disputes for various foreign clients, while counsel Andrew Jackson is noted for his expertise in appraisal actions. Senior associate David Lewis-Hall is also recommended and former practice head Peter McMaster KC still contributes to the practice.

Practice head(s):

Tony Heaver-Wren

Other key lawyers:

David Lee; Sebastian Said; Andrew Jackson; David Lewis-Hall; Peter McMaster KC

Testimonials

‘Excellent strength across the whole team, no weak links. Collaborative and client focused, attention to detail and maximising deliverables.’

‘Sebastian Said is a standout. Excellent grasp of complex issues and able to apply strong legal analysis to any factual scenario.’

‘Tony Heaver-Wren – keeps winning cases. David Lee – tactically very switched on, particularly forensic oriented. Sebastian Said – that his competitors hire him for their negligence claims speaks volumes; perfect in a tricky spot.’

Key clients

Global Fidelity Bank

China National Building Materials

Ennismore Fund Management Limited

China Resources and Transport Group Ltd

Cayman National Trust Co Ltd

The Liquidation Committee of Direct Lending Income Feeder Fund (In Official Liquidation)

Cayman Shores Development

Credit Suisse London Nominees Limited

Campbells

Notably fielding an active restructuring and insolvency practice, Campbells‘ ‘outstanding‘ team is also well regarded for its capabilities in cross-border investment fund litigation, shareholder disputes, judicial review proceedings regarding CIMA fines, and Ponzi scheme lawsuits. The team is headed up by Guy Manning, an experienced litigator who regularly acts in a range of contentious matters before the domestic and foreign courts. Mark Goodman also regularly appears in court acting for various joint provisional liquidators in major restructuring cases. Liam Faulkner concentrates on distressed investment funds and shareholder disputes, while Andrew Pullinger is regarded by clients as ‘an absolute star‘ for his expertise in professional liability matters, international arbitrations, and investment fund litigation. Hamid Khanbhai – who was promoted to partner in April 2022 – is a seasoned barrister with a burgeoning focus on crypto-related disputes. Counsel Guy Cowan is recommended for winding up cases.

Practice head(s):

Guy Manning

Testimonials

‘The team at Campbells has unrivalled strength in depth at all levels of seniority. It rightly attracts the very best quality work and is recognised as one of the leading practices in the jurisdiction. Its partner-led approach is particularly impressive with partners being fully engaged and pushing cases forward actively.’

‘An outstanding team of highly skilled and commercial lawyers who consistently come through with big wins. The team is well balanced with very technical and strategic litigators who are regularly approached by officeholders and creditors to act on the largest offshore cases.’

‘Andrew Pullinger is an absolute star: bright, knowledgeable and with sound judgment he is a standout litigator. He also has increasing expertise in arbitration work. A pleasure to work with, he forges excellent working relationships with clients and builds effective legal teams.’ 

‘Particularly good in transnational insolvency cases. The team is solid and has experience in complex matters.’

Key clients

Maso Capital Investments ltd

HSBC Securities Services (Luxembourg)

Carlos Magno Nery e Medeiros Sociedade de Advogados

Kroll

Grant Thornton

FFP

BDO Cayman

Valley Health System

Waystone

BDO/Ardent

Work highlights

  • Acting for the JPLs (i.e. restructuring officers) of Luckin Coffee, Inc., which is a holding company for a group owning and running coffee shops throughout the People’s Republic of China.
  • Acting for a group of dissenters in 58.com, which is the largest litigation (by value) in the Cayman Islands to date under section 238 of the Companies Act (appraisal rights litigation).
  • Acting for the HSBC entities in claims brought against them in the Grand Court of the Cayman Islands by Primeo Fund (In Official Liquidation), which placed substantially all of its assets with Bernard Madoff.

Carey Olsen

Leveraging its close-knit collaborative ties with its wider global network, particularly in Hong Kong and Singapore, Carey Olsen handles a considerable volume of multi-jurisdictional disputes, including big-ticket liquidations, fraud claims, and dissenter-side merger disputes. The practice is chaired by Sam Dawson, a highly regarded cross-border litigator with a keen focus on the financial services sector. Bernadette Carey is a highly active trust litigator who routinely appears before the Grand Court on multi-party disputes and cross-border private client matters. Peter Sherwood is noted for his experience in acting for liquidators in high-profile insolvency and restructuring proceedings, most recently for clients with significant operations in China and the Middle East. Denis Olarou, who was promoted to partner in July 2021, is praised for his ‘impressive expertise‘ in insolvencies, fraud litigation, and international arbitrations.

Practice head(s):

Sam Dawson

Other key lawyers:

Peter Sherwood; Bernadette Carey; Denis Olarou; Nigel Smith

Testimonials

‘Carey Olsen’s team are able to deliver effective and pragmatic advice whilst remaining conscious of the nuances of a globally recognised, offshore jurisdiction. With an excellent level of professionalism, their people maintain a friendly and approachable attitude which all in the industry can appreciate.’

‘Working closely with Sam Dawson and Nigel Smith, it is clear that they provide a high level of professionalism and expertise through which they are able to deliver high quality work and advice within short timelines.’

‘Denis Olarou is extremely responsive and provides clear, well-developed advice. Denis approaches disputes in a very practical manner and promotes commercial solutions, where appropriate, to difficult issues. He displays impressive expertise and knowledge of the offshore industry.’

Key clients

Stonehill Capital Management

Great Simplicity Investment Corporation

San Miguel Holdings Corp.

Kroll

Grant Thornton

Alvarez and Marsal

PricewaterhouseCoopers

Burlington Loan Management / Davidson Kempner

Deloitte

FTI Consulting

Catalyst Investment Management Company

EFG Bank

Daiwa Capital Markets

Rawlinson & Hunter

Genesis Trust & Corporate Services Ltd

Ritchie Capital Management LLC

Oasis Capital Management

T. Rowe Price

Work highlights

  • Acting for the Ad Hoc Group of Bondholders holding the majority of the $460m convertible senior notes issued by Luckin Coffee Inc. in relation to its provisional liquidation and successful restructuring by way of a Cayman Islands scheme of arrangement.
  • Acting for Abraaj Holdings and its liquidators in relation to antecedent transaction claims and related litigation concerning payments totalling $300m made prior to the commencement of the liquidation.
  • Acting for a group of dissenters in the management buyout of 58.com, in a merger valued at approximately $8.7bn.

Collas Crill

Collas Crill‘s ‘wonderful‘ dispute resolution team continues to concentrate its position in the Cayman Islands, advising a strong mix of international corporate clients and asset managers on cross-border restructurings, s.238 cases, and fraud and asset tracing matters, particularly for and regarding Chinese entities. Office managing partner Stephen Leontsinis‘ recent engagements include arbitral award enforcement proceedings and big-ticket insurance disputes, while Matthew Dors is particularly noted for his cross-border insolvency capabilities. Rocco Cecere is widely regarded for the depth of his shareholder merger appraisal litigation practice, routinely handling high-stakes cases before the Court of Appeal. Jennifer Colegate is praised for her proficiency in insolvent restructuring matters and, increasingly, on matters arising from the Middle East. Counsel Natascha Steiner-Smith is recommended for commercial contract disputes and financial services sector matters.

Practice head(s):

Stephen Leontsinis

Other key lawyers:

Matthew Dors; Rocco Cecere; Jennifer Colegate; Natascha Steiner-Smith

Testimonials

‘The Collas Crill dispute resolution team are wonderful to work with. The team are very professional, flexible, approachable, responsive with excellent attention to detail.’

‘Great responsiveness, willingness to be flexible on costs within reason, great technical knowledge and a talented and diverse team.’

‘Jennifer Colegate is able to set out complex issues in a clear and thoughtful manner. Clearly dedicated to her clients and in achieving the best results possible. Very responsive.’

Key clients

Kalo Advisors

FTI Consulting

Sentinel Reinsurance

FourWorld Capital Management

R&H Restructuring (Cayman) Limited

Bank of New York Mellon

Development Specialists Inc,

Athos Capital Limited

Alpine Global Management

Quadre Investments LLV

Cooley LLP

Quantuma

Work highlights

  • Representing Sentinel Reinsurance in a dispute between UBS and Highland Capital Management, defending claims made under an ATE Policy relating to a $1bn judgment.
  • Advising the SEC Receiver and Joint Official Liquidators of Direct Lending Income Feeder Fund, Ltd. placed in receivership in the US following a 2019 SEC complaint, alleging sustained overvaluation of underlying assets on the part of the former CEO.
  • Advising a group of private equity funds in a dispute with leading Chinese online game developer and operator Changyou, following its $590m take-private deal and delisting from NASDAQ.

Conyers

Noted for its experience with in-house advocacy and a strong Asia focus – underpinned by close collaborative ties with the firm’s Hong Kong office – the team at Conyers acts for a diverse mix of international clients on high-value, multi-jurisdictional disputes before the Grand Court and appeals before the Privy Council. Since rejoining the firm as practice head, Alex Potts KC has appeared before the various domestic courts in trials and applications, with recent highlights including big-ticket asset recovery proceedings. In addition to working closely with Potts on a number of matters, Erik Bodden maintains a keen focus on Section 238 dissenting shareholder appraisal cases, where he is equally adept acting for both sides. Noted for his expertise in liquidation proceedings, Jonathon Milne is a key port of call for the many of the firm’s banking and financial services clients. Counsels Spencer Vickers and Alecia Johns are also recommended for their wide-ranging civil and commercial capabilities. Ben Hobden has left the practice.

Practice head(s):

Alex Potts KC

Other key lawyers:

Jonathon MilneErik BoddenSpencer Vickers; Alecia Johns

Testimonials

‘I have had the pleasure of working with the Conyers Cayman team for a number years now and have always found them to have great strength in depth from partners through to associates. They are joined up with their other offices in the network and I have recently seen the benefits of this in action dealing with Cayman / Hong Kong matters.’

‘Jonathon Milne is a diligent and commercially astute litigator who I have worked with on a number of contentious cross boarder contentious matters.’

‘This is a really great team that is a class outfit and consistently provides excellent results.’

‘Erik Bodden is a great partner.’

Key clients

PJSC National Bank Trust

Ernst & Young as Joint Provisional Liquidators of Seahawk China Dynamic Fund

Augusta Health, Inc

Atlas Financial Holdings, Inc

State of Kuwait

GTI Holdings Limited

Colours Caribbean

FTI

Changyou.com Limited

Golden Wheel Tiandi Holdings Company Limited

Work highlights

  • Representing Colours Caribbean in a Constitutional challenge regarding the Cayman Islands’ Civil Partnership legislation.
  • Representing Augusta Healthcare Inc in a Just and Equitable winding up petition of a Cayman Islands captive insurance company.
  • Representing PJSC National Bank Trust in a jurisdictional and forum dispute relating to claims involving a substantial Cayman Islands trust.

Harneys

Praised as ‘incredibly commercial and strategically astute‘, Harneys is well-versed in all manner of high-value disputes, ranging from high-profile insolvencies and distressed hedge fund litigation to digital asset disputes and crypto recovery proceedings. In September 2022, the practice was bolstered by the arrival of new litigation, insolvency and restructuring head Andrew Johnstone, who previously worked at the firm’s Hong Kong office. Cayman managing partner Nick Hoffman anchors the team’s flourishing Asian disputes and restructuring practice, regularly working in conjunction with the firm’s Hong Kong team. Jessica Williams is a seasoned litigator who focuses chiefly on contentious trusts, insolvencies, and shareholder disputes, while Paul Smith specialises in company disputes and financial services litigation. Paul Madden, who co-chairs the mergers and securities disputes offering, routinely helms high-value shareholder appraisal cases with a strong Chinese aspect, acting for a range of technology and healthcare companies. ‘Brilliant‘ counsel Gráinne King‘s broad commercial focus encompasses insolvency and restructuring work, enforcement issues and civil actions. Senior associate Anya Allen is also recommended. Katie Pearson has left to establish her own practice.

Practice head(s):

Andrew Johnstone

Other key lawyers:

Nick Hoffman; Jayson Wood; Gráinne King; Paul Smith; Paul Madden; Jessica Williams; Anya Allen

Testimonials

‘Harneys was with us every step of the way, offering invaluable advice, leveraging their knowledge of the Cayman courts and local actors.’

‘Nick Hoffman and Gráinne King are both brilliant. Far beyond what I’ve received from other Cayman firms over the years.’

‘Harneys is extremely knowledgeable and capable of handling the largest and most complicated disputes. Given their locations around the world they have a team that is capable of seamlessly working on a matter 24 hours a day.’

‘Incredibly commercial and strategically astute. Strength in depth and a great local court knowledge. One of my go-to litigation practices in Cayman.’

Key clients

Ad Hoc Group of Bondholders in the Evergrande Group

Luckin Coffee, Inc.

Le Xue Worldwide Holdings

American International Group (AIG) through its subsidiary, Lexington Insurance Company

Qihoo 360 Technology Co. Ltd

iKang Healthcare Group, Inc.

Sina Corporation

ArcelorMittal North America Holdings

Deloitte, as liquidators of Phoenix Global DMCC.

SPI Investment Fund SPC

SAAD Investments Finance Company

Century Sunshine Group Holdings Ltd

FFP

EY

Work highlights

  • Continuing to act for Luckin Coffee, Inc, in a ground-breaking restructuring in which the Company comprised its debts and liabilities to two major groups of creditors and successfully emerged from provisional liquidation.
  • Acting on behalf of a group of debt holders advising on various types of potential enforcement actions and a possible debt-restructuring package for the Evergrand Group.
  • Representing ArcelorMittal against fellow Indian conglomerate Essar Group in an ongoing contract dispute and subsequent arbitral award enforcement proceedings.

Mourant

Steered by fintech and digital currency specialist Nicholas Fox, Mourant is regularly engaged on a range of cross-border contentious matters, acting for a diverse roster of asset managers, public sector bodies, and fast-growth companies. Peter Hayden is a highly experienced commercial litigator who regularly appears before the Court of Appeal and the Privy Council on high-value cases. Hector Robinson KC is also a seasoned advocate before the Grand Court and Court of Appeal, with recent engagements including judicial review proceedings on behalf of the Cayman Islands Monetary Authority. Simon Dickson specialises in representing shareholders in fair value section 238 litigation, while Christopher Harlowe – who divides his time between the firm’s London and Cayman offices – focuses on cross-border restructuring and insolvency-related litigation. Jonathan Moffatt, who was promoted to partner in 2022, is a name to note for company law disputes and cross-jurisdictional liquidations.

Practice head(s):

Nicholas Fox

Testimonials

‘Mourant offers us an enviable mix of resources for support in disputes, be it in labour, contracts or regulatory matters.’

‘Hector Robinson KC is proficient with loads of practical sense.’

‘Knowledgeable, professional, efficient and insightful throughout.’

‘Chris Harlowe is an excellent communicator; extremely knowledgeable with a superior level of expertise. Approachable, trustworthy and continues to demonstrate professionalism and high levels of integrity.’

Key clients

Kingstown Capital Management LP

Enigma Diagnostics Limited

Oasis Management (Hong Kong)

Saxena Holdings LLC

Scully Royalty Ltd

DLA Piper US LLP

Captive Holdings, Inc.

OneTRADEx Ltd

Viscom Investments Limited

Fideicomiso

Cayman Islands Monetary Authority

PwC Corporate Finance & Recovery (Cayman) Limited

Primeo

Work highlights

  • Instructed by Kingstown Capital Management, LP in relation to a s.238 petition concerning the merger between Fidelity National Financial, Inc. and FGL Holdings Ltd.
  • Representing Fideicomiso in a just and equitable winding up petition against Madera, a mutual fund, on the grounds of lack of probity, oppression and the need for an investigation.
  • Acting for the Cayman Islands Monetary Authority in defending judicial review proceedings brought by two of the largest trust and corporate service providers in the Cayman Islands.

Ogier

Drawing on a robust network of offices across the world, Ogier fields a deep and experienced team which is routinely engaged on high-profile insolvencies, fraud cases, trust litigation, and fair value s.238 disputes. Arbitral award enforcement proceedings and contentious regulatory matters are further core workflows for the practice. The contentious group is jointly led by Cayman disputes head Jennifer Fox, trust disputes chair Rachael Reynolds KC, and global dispute resolution chief Marc Kish. William Jones maintains a robust restructuring and corporate recovery practice, where he handles matters ranging from schemes of arrangement and enforcement actions to contractual disputes and insurance claims. Newly promoted partner Christopher Levers focuses on insolvencies, while fellow counsel Deborah Barker Roye specialises in contentious trust and estate matters. Senior associate Nour Khaleq is also recommended.

Testimonials

‘Excellent quality work which comes from their broad, truly global reach.’

‘Rachael Reynolds KC – An exceptional litigator whose elevation to silk was both fitting and richly deserved. Despite being Global Senior Partner she remains committed to her cases, hands on, a joy to work with and a first class advocate.’

‘Marc Kish – a titan of the offshore insolvency world and thoroughly nice person, Marc also has the ability to turn his hand to other areas of litigation such as trusts.’

‘Deborah Barker Roye – encyclopaedic knowledge of Cayman law and a real team player.’

‘Jennifer Fox is a outstanding technical lawyer with a laser focus on her clients’ commercial interests. She is an astute tactician, who thinks several moves ahead to achieve the best outcome for her clients.’

‘Ogier are a top-class dispute resolution team, superbly led at partner level and with quality throughout the team. Their commercial approach to achieving the best outcome for their clients and impeccable judgement as to the key points in a case and how they will play before the Court mark them out from the competition.’

Key clients

Abraaj

Tianrui (China Shanshui)

Essar

KPA

Evergreen

Family Mart

Fenris

Grand State

CIMA

LATAM

Lekoil

Raiffeisen Bank International

VRG

Work highlights

  • Acting for Fund IV’s conflict director, Litigation Committee and the Investors’ Council, dealing with numerous contentious aspects of the fallout from the collapse of the Abraaj Group.
  • Acting for EGFL and ECL, companies incorporated in the Cayman Islands, defending proceedings brought by ArcelorMittal North America Holdings LLC for (a) Norwich Pharmacal relief; and (b) garnishee and freezing orders against EGFL relating to enforcement of a $1.5bn arbitral award obtained in the US against Essar Steel Limited, a Mauritian subsidiary of EGFL.
  • Acting as Cayman Islands counsel to KPA and PIFSS, advising on all relevant Cayman Islands law issues.

Bedell Cristin

Noted for its conflict-free business model, Bedell Cristin’s ‘capable and collaborative‘ disputes practice regularly advises a range of professional directors and trustee clients on winding-up petitions, liquidations and fraud claims. Practice head Laura Hatfield is a veteran practitioner with significant experience in representing clients in cross-border disputes, including before the Privy Council. The ‘go-toKai McGriele specialises in insolvency and restructuring proceedings, particularly with respect to Cayman-based hedge funds and other investment vehicles. US-qualified Richard Parry, who was promoted to partner in October 2021, is noted for his capabilities in multi-jurisdictional matters. Associate Jamie McGee is also recommended.

Practice head(s):

Laura Hatfield

Other key lawyers:

Richard Parry; Kai McGriele; Jamie McGee

Testimonials

‘A full suite of expertise, very capable and collaborative.’

‘Kai McGriele is our go-to partner. He has a wealth of experience, is knowledgeable concerning complex issues of Cayman law, and is a very reliable and collaborative colleague when the firms are working together. Importantly, Kai is a capable and well organised opponent and someone we always know will perform well on behalf of his clients.’

‘Jamie McGee is an excellent performer and has all the characteristic hallmarks of an associate who will go far.’

Key clients

Kroll

Tyche Investment Holdings Limited

RHSW

KPMG Cayman Islands

Meridian Trust Company Ltd.

Krys Global

Sjunde AP-Fonden and Louisiana Sheriffs Pension & Relief Fund

Inspire Risk Technologies Ltd

Scotiabank and Trust (Cayman) Ltd.

FirstCaribbean International Bank

Quantum Leben

Suntera

JG Gallagher/ Artex Risk Solutions Inc.

Chris Johnson Associates Ltd.

Cayman Islands Institute of Professional Accountants

Kalo Advisors (and predecessor entities)

Citco Global Custody N.V

Skandinaviska Enskilda Banken AB

PriceWaterhouseCoopers

Ernst & Young

Grant Thornton

Deloitte Cayman

FTI Consulting

Sterling Trust Cayman

FFP Cayman

Minority shareholders in Seahawk China Dynamic Fund

Blue Ocean Structure Investment Company Limited / Ying Peng Hui Kang Fund

Work highlights

  • Acting for Tyche Investment Holdings Limited in a large multi-jurisdictional claim involving allegations of misrepresentation and fraud.
  • Acting for the minority shareholders in Seahawk China Dynamic Fund, defending a winding up petition.
  • Advising KPMG Cayman Islands in an external General Counsel capacity.

Kobre & Kim

Fielding ‘a small but strong team, with first-class individuals at every level‘, Kobre & Kim‘s boutique disputes and investigations practice acts as special counsel in a number of high-value, high-profile proceedings, including liquidations, fraud cases, and investment fund disputes. Peter Tyers-Smith is reputed for his broad, capabilities including matters arising from distressed mutual and private equity funds, and failed joint venture arrangements. The ‘extremely thorough and level-headedJalil Asif KC is particularly well versed in shareholder disputes, while principal associate Ilona Groark is well regarded for fraud and asset tracing matters. Ulrich Payne has left the practice.

Other key lawyers:

Peter Tyers-Smith; Jalil Asif KC; Ilona Groark

Testimonials

‘A small but strong team, with first-class individuals at every level.’

‘Jalil Asif KC is extremely thorough, level-headed at even the most critical points in litigation, and a delight to work with.’

‘Ilona Groark is incredibly hardworking.’

‘I had the pleasure of working with Kobre & Kim and they are really strong, pragmatic and finding solutions that give the client value.’

‘Peter Tyers-Smith is very good, and the entire team around him is super strong.’

‘Peter Tyers-Smith – a very committed and impressive lawyer and advocate – very well-respected, and easy to deal with when working alongside. Very commercial and constructive, and someone you look forward to working with. Great work ethic, and able to navigate the most difficult cases and circumstances, extremely well.’

‘Peter Tyers Smith – senior strategist, who calculates risk and then executes against a plan. Pete has a huge experience to draw from. Very impressive.’

‘Peter Tyers-Smith is a wonderful lawyer, has great interpersonal skills, works very hard and is super responsive. Would work with him again in a heartbeat.’

Key clients

Port Link GP Ltd.

Point Investments, Ltd.

Harvey Boulter

Lavle Holdings Inc.

Skatteforvaltningen (Danish Ministry of Customs and Taxation)

Fund Fiduciary Partners

Kalo Advisors, as Liquidator of FCI Markets Inc.

Haode Investment Inc., Primus Investment Fund L.P., and Summer Fame Limited

Marble Ridge Master Fund LP

Jho Low

Vantage Drilling International

Work highlights

  • Acting for the joint provisional liquidators of a company in multiple sets of proceedings regarding ownership of assets worth $3.4bn including DOJ tax enforcement/forfeiture issues arising from Robert Brockman’s alleged multi-billion tax fraud scheme, the biggest tax fraud case recorded in US history.
  • Acting for the General Partner of the Port Fund LP in proceedings brought by the Kuwait Ports Authority and other emanations and affiliates of Kuwait against Port Link and several other parties.
  • Acting as counsel in the Cayman Islands and in England & Wales to a high-net-worth individual and former Chairman and CEO of the Porton Group.

Broadhurst LLC

Broadhurst LLC‘s conflict-free disputes team maintains a wide focus that encompasses insolvencies and corporate restructurings, as well as private client and trust disputes, asset tracing and enforcement matters, and family law litigation. The practice is jointly headed up by seasoned multi-jurisdictional disputes lawyer Kyle Broadhurst and financial services specialist Ian Lambert. Richard Parrish is experienced in contentious trust litigation and cross-border insolvency proceedings. Personal injury head Joseph Romano and clinical negligence lawyer Tiziana Romano are also noted.

Practice head(s):

Kyle Broadhurst; Ian Lambert

Other key lawyers:

Richard Parrish; Joseph Romano; Tiziana Romano

Testimonials

‘Kyle Broadhurst is a thoughtful but robust litigator who carefully analyses the best course to achieve the best outcome for the client. He is astute and dedicated, and always available to give on the spot advice.’

‘An excellent team- very responsive from the partners to associates to other support personnel. Also, very knowledgeable, always has the client’s best interest at heart. I have recommended this firm to several people and they have all been quite satisfied with the services provided. The partners breath of knowledge in the relevant law is impressive.’

‘Kyle Broadhurst has been exceptional in the services he has provided to me and my family on different occasions. His knowledge of the relevant law and its interpretation has been impressive. He is very responsive to any questions or requests for advice. His communication has always been timely and clear.’

‘Experienced litigators who have stolen a march on the competition through their willingness to take on contingency whilst most of their competitors have not.’

‘Broadhurst are professional, efficient and personable. They have been involved in a number of our liquidation files (directly and indirectly) and the team have been very insightful and knowledgeable throughout as well as being very easy to deal with.’

‘Ian Lambert is a very knowledgeable litigator and has a wide variety of experience which is evident from interactions with him. Ian is very easy, user-friendly and understands the intricacies of Cayman Law.’

‘Kyle Broadhurst and Richard Parrish are very easy to work with, take the time to listen to the business’s issues, review their advice and engage in sensible discussions. I am impressed with their quick turnaround times and quality of work.’

‘Kyle Broadhurst is a seasoned advocate who inspires trust and confidence.’

Key clients

FRP Advisory Trading Ltd.

RSM UK Restructuring Advisory LLP

Kroll

Chris Johnson and Associates

Crowe Cayman Limited

WestTel t/a Logic

Work highlights

  • Advising two of the independent directors of the general partner of one of the Abraaj funds, Neoma Private Equity Fund IV LP (formerly known as Abraaj Private Equity Fund IV LP) concerning complex issues arising out of the collapse of the single largest Middle Eastern private equity group.
  • Representing and advising the joint official liquidators of multiple Cayman companies with respect to litigation and insolvency advice regarding the AwalCos’ winding-up process and in defending a $9.2bn  corporate fraud claim.
  • Representing and advising the joint official liquidators of multiple Cayman companies, providing litigation and insolvency advice.

Forbes Hare

Forbes Hare is well versed in a multitude of contentious matters, ranging from insolvency and restructuring work to distressed fund disputes and trust litigation. Practice chair Christopher Young KC is a prolific advocate who specialises in insolvency law and shareholder disputes, with recent highlights including asset recovery claims and winding-up petitions. Alistair Abbott is an experienced commercial litigator who regularly works on big-ticket investment fund disputes. Ben Hobden – who joined the team from Conyers in January 2022 – routinely appears before the Grand Court.

Practice head(s):

Christopher Young

Other key lawyers:

Alistair Abbott; Ben Hobden

Testimonials

‘Technically very proficient, sound advice.’

‘Alistair Abbott is very good with shareholder actions and insolvency related actions.’

Key clients

ICICI Bank

Liquidators to the Fairfield Funds

Aspial Investment Limited and Bumper East Limited

SC Global Vision Fund SPC

SGS Universal Investments Holdings

Floreat Principal Investment Management Limited, LVII Investment Management Limited, Floreat Investment Management Limited

Skyblueocean Limited

Work highlights

  • Acting for the respondents to three just and equitable winding up petitions presented against three funds in which the respondents hold the management shares. The Cayman proceedings form part of significant global litigation between the Floreat group and the alleged ultimate beneficial owner of a significant proportion of the funds, an ultra-high-net-worth Taiwanese individual.
  • Acted for the creditors in a winding-up petition against Guoan International Ltd.
  • Acted for one of the two warring shareholders in a company that ultimately, through a chain of companies in various jurisdictions, owned the port at Vladivostok on Russia’s Pacific coast.

McGrath Tonner

Entrusted by a client roster that includes both high-net-worth individuals and listed corporates, McGrath Tonner fields a broad contentious practice that notably encompasses insolvencies, shareholder disputes, fraud claims and trustee disputes. Lauded as a ‘master tactician and superb advocate‘, Ben Tonner KC is experienced in all levels of litigation, including appeals to the Judicial Committee of the Privy Council. Drawing similarly superlative praise, David McGrath‘s experience is notably concentrated in white-collar fraud and judicial review proceedings. At the associate level, cross-border commercial litigator Sally Bowler – ‘not only a brilliant mind, but an excellent strategist‘ – also comes highly recommended.

Practice head(s):

Ben Tonner KC; David McGrath

Other key lawyers:

Sally Bowler

Testimonials

‘Ben Tonner KC and David McGrath are at the very top of their game in their respective fields.’

‘Accessible attorneys who will happily turn their minds to difficult problems for their clients. Not afraid of a fight, and very hard workers.’

‘David McGrath; sage advice from one of Cayman’s courtroom wizards. Always seems able to get a good result, whether strategic or substantive.’

‘Ben Tonner KC is a master tactician and superb advocate.’

‘Sally Bowler has a great feel for public law; meticulous preparation and excellent client care.’

‘Sally Bowler is not only a brilliant mind, but an excellent strategist as far as litigation is concerned. This is where she stands out from the typical litigator.’

‘Great niche boutique in Cayman. Good to run with cases having great on island advocacy to hand and work closely with onshore lawyers. One to call on when the big case blows up and conflict free representation is needed.’

‘Ben Tonner KC knows the Cayman courts as well as anyone and has great judgment as to what will and won’t work in the Grand Court. He is also very willing to bring in onshore resources and work with them to deliver what is needed for the client.’

Key clients

The Directors of OneTradex (in official liquidation)

A secured creditor of China Branding Group (in official liquidation)

A director and shareholder of Abraaj Holdings (in official liquidation)

CTMH Holdings Ltd T/A Doctors Hospital

A petitioning creditor of MV Cayman

Work highlights

  • Advising a high-net-worth individual on ongoing and aggressively contested insolvency proceedings.
  • Advised a client on Grand Court proceedings to secure a specific performance order against MV Cayman Ltd in relation to the performance of a buyback agreement.
  • Advised CTMH Holdings Ltd in judicial review proceedings against the Government concerning: the lawfulness of financial waivers granted pursuant to contract other healthcare providers; and the regulation of the two-tier system of registration for health practitioners in the Cayman Islands.

Priestleys

Priestleys is well regarded for its capabilities in shareholder disputes arising from the PRC and Hong Kong, as well as in cross-border bankruptcy and insolvency litigation. The team is led by Guy Dilliway-Parry, an experienced litigator in both domestic and international commercial disputes, as well as in public law and regulatory matters. In addition to handling numerous applications before the Grand Court, James Dixon is well-versed in avoidance actions and winding-up proceedings. Associate Zeena Begum, who joined the firm from 4 King’s Bench Walk in February 2022, is also noted.

Practice head(s):

Guy Dilliway-Parry

Other key lawyers:

James Dixon; Zeena Begum

Testimonials

‘Very capable for its size, and possess a good range of experience and depth, meaning that they can turn their hand to whatever comes up. They are cost efficient which makes a big difference when referring work.’

‘Guy Dilliway-Parry stands out both as the leader of the team but also because he is client-focused and has a calm and steadying demeanour. Guy leads his team with authority and purpose and this leads to effective and clear advice.’

‘Guy Dilliway-Parry is very intelligent, has a great eye for detail, is commercially savvy, and provides a very good service for his clients.’

Key clients

Bronzelink Holdings Limited

PDP Corporation and PDP Holdings

Mosaic Financial Ltd

Joint Official Liquidators – Income Collecting 1-3 Months T-Bills Mutual Fund (In Official Liquidation)

Royal Cayman Islands Police Association and Others

Caribbean Loss Adjusters

Medical Protection Society

Sol Petroleum Cayman Ltd

Heritage Holding Ltd

Cayman Enterprise City

Work highlights

  • Representing the Joint Official Liquidators in relation to the winding-up of a Cayman Islands registered Mutual Fund.
  • Advised and represented an individual in the Grand Court and the Court of Appeal in relation to multi-jurisdictional high value voidance actions brought by a trustee in bankruptcy and in respect of a voidance action and associated worldwide freezing injunction.
  • Continuing a longstanding relationship with the RCIPA and act for the client and its members in respect of multiple applications.