Dispute resolution in Cayman Islands

Maples Group

Maples Group is ‘one of the premier litigation teams in the jurisdiction with a richly deserved reputation for acting in the leading cases with distinction‘. Led by Aristos Galatopoulos, whose ‘substantive knowledge and expertise are unparalleled in Cayman‘, the ‘well-resourced and talented team of litigators with real strength in depth‘ flourishes in large-scale insolvency and restructuring matters, fund disputes, shareholder litigation, fraud and asset tracing issues, and maritime disputes. James Eldridge  (‘a preeminent litigator and a go-to for restructuring and insolvency matters’) and Caroline Moran  (‘one of the top lawyers for restructurings in the Cayman Islands‘) frequently act in high-end, cross-border insolvency and restructurings, as well as other insolvency-related issues, including distressed funds work. Luke Stockdale , consultant Mac Imrie , of counsel Nick Herrod and Adam Huckle , who was promoted to of counsel in January 2021, are other key names. Both Colin McKie QC and former trusts and private client head Morven McMillan retired in November 2020.

Practice head(s):

Aristos Galatopoulos

Testimonials

‘Maples and Calder’s dispute resolution team combines the ability to aggressively litigate if needed, with the understanding that a practical solution short of litigation is often the best possible outcome. They are the leading restructuring practice in Cayman; I work closely with them on a variety of matters and in particular value their ability to consult on Cayman law matters arising in bankruptcy/insolvency proceedings in onshore jurisdictions. The lawyers are sophisticated, with a keen understanding of the commercial issues giving rise to a dispute.’

‘Nick Herrod is a good, all-around litigator and adviser to fund and SPV directors; very thorough and hard-working, with the skills to succeed as a partner.’

‘Maples enjoy a long-standing reputation as the largest law firm in Cayman (and one of the oldest). They have a seasoned bench of lawyers and a very large corporate practice. They dominate in size and value in the market. Their lawyers are known for being experienced. If you are looking for strong firepower on a sizeable and contentious matter – this is a firm to go to.’

Maples has a well-resourced and talented team of litigators with real strength in depth. They are one of the premier litigation teams in the jurisdiction with a richly deserved reputation for acting in the leading cases with distinction.’

The Maples team sets the standard for the Cayman Islands and consistently delivers on complex engagements. Maples always remains focused on the commercial objectives of any matter.’

James Eldridge is a preeminent litigator and a go-to for restructuring and insolvency matters. He is always there for his clients and sets the mark for excellence.’

One of the deepest and longest established litigation and insolvency teams in the Cayman Islands. Very little this team hasn’t seen. Extremely responsive – turnaround is best in class.

James Eldridge is an excellent insolvency and restructuring litigator, one of the top in his profession in the Cayman Islands. Passionate and engaged, seeking the right result for his clients. Extremely responsive and pragmatic. Caroline Moran is the consummate professional, one of the top lawyers for restructurings in the Cayman Islands.

Key clients

58.com

eHi Car Services Limited

Xiaodu Life Technology Limited

China Biologic Product Holdings Inc

FGL Holdings

Bitauto Holdings Limited

Diamond Offshore Drilling International Limited

Noble Corporation

Valaris

Pacer Construction Holdings Corp

Ascot

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

USAVflow a Cayman Islands incorporated SPV securitisation vehicle

Nordic Aviation Capital Designated Activity Company (NAC DAC)

Uphold Ltd. and Dimensions Healthcare LLC (“Dimensions”)

Nhaaj

Work highlights

  • Acting for a number of organisations (58.com, eHi Car Services Limited, Xiaodu Life Technology Limited, China Biologic, FGLHoldings (FGL) and Bitauto) in s.238 proceedings.
  • Advising the joint voluntary liquidators of the Master Fund – Marble Ridge LP; Marble Ridge Offshore Fund Ltd and Marble Ridge LP and Ascot Fund Limited in a number of distressed fund liquidations.
  • Acting for three clients (Ting Chuan (Cayman Islands) Holding Corp and China CVS (Cayman Islands), Uphold Ltd. and Dimensions LLC) in just and equitable winding-up petitions presented by shareholders.

Walkers

Walkers stands out as ‘one of the largest restructuring and litigation teams in the Cayman Islands, providing a Rolls-Royce service‘ to a broad range of clients. The group receives a steady flow of commercial litigation instructions relating to multijurisdictional insolvencies, asset recovery issues, hedge fund disputes, fraud disputes and trusts claims. Within the department, Neil Lupton (‘very experienced and well established internationally‘) and Colette Wilkins concentrate on cross-border restructurings and insolvencies, Matthew Goucke (who is ‘at the top of his profession and widely respected as a litigator‘) differentiates himself through his experience in distressed fund cases, Shelley White ‘s practice is an impressive fusion of trusts disputes and commercial litigation, and Rupert Bell  (who is ‘renowned for aggressively pursuing his client’s interests’) primarily focuses on investment funds disputes. Fraud and asset recovery specialist Nick Dunne , Peter Kendall (who was promoted to partner in 2020), and senior counsels Fiona MacAdam and Chris Keefe are other standout advisers.

Testimonials

‘Rupert Bell and Niall Hanna are very competent, practical and responsive.’

‘The Cayman practice is superb. Real strength in width and depth. They are very clued into complex issues worldwide and provide a superb service to clients. They are also exceptionally hard-working!’

‘Shelley White is not only extremely bright, but a real client person. No one will fight your corner harder. Colette Wilkins is one of the best in the business, with her finger on the pulse.’

Walkers has immense depth of legal talent and analytic strength. The dispute resolution practice is immensely responsive and focused. They combine legal expertise and forensic talent. This is definitely the firm in Cayman that you would want to have on your side.’

One of the largest restructuring and litigation teams in the Cayman Islands, providing a Rolls-Royce service.’

Neil Lupton provides excellent leadership and is client-focused; he is commercial and pragmatic in his approach, with deep experience. Matthew Goucke is at the top of his profession and widely respected as a litigator. Highly professional, highly responsive and extremely pragmatic in his approach. Rupert Bell is deeply experienced and well-regarded counsel who is renowned for aggressively pursuing his client’s interests. Pete Kendall is a rising star amongst his peer group. Widely respected and client-focused.’

Perhaps the largest team in the Cayman Islands, well represented on all major matters and very commercial approach.’

Peter Kendall has a highly responsive approach, while Neil Lupton is very experienced and well established internationally, which helps on big ticket matters.’

Key clients

Alvarez & Marsal (Cayman Islands) Limited

Apollo Management International LLP

BDO CRI (Cayman) Ltd

Credit Suisse AG

Deloitte & Touche

EY Cayman Ltd.

FFP (Cayman) Limited

FTI Consulting Ltd

Grant Thornton

KPMG (Cayman Islands)

KrisEnergy

KRyS Global

Maso Capital Investments Limited

PwC

R&H Restructuring

Appleby

Under the leadership of Peter McMaster QC, Appleby‘s dispute resolution practice, which is noted for its in-house advocacy capabilities, specialises in shareholder disputes, funds disputes, appraisal claims, dissenting shareholder issues and arbitral award enforcement work. Key names within the group include Tony Heaver-Wren ( who is ‘an insolvency expert with a well-established reputation in the market‘), David Lee  (who is praised as ‘a strategic thinker who works hard to deliver effective solutions’) and Sebastian Said. Also adept is counsel Andrew Jackson, who is singled out as ‘outstanding technically, particularly in relation to share valuation disputes‘.

Practice head(s):

Peter McMaster QC

Testimonials

‘We were impressed with Appleby’s hands-on approach. They guided us through the dispute process very efficiently and their ability to form and implement effective strategies impressed us.’

‘We worked closely with David Lee and Tony Heaver-Wren from Appleby’s Cayman office. They quickly identified the key aspects of the dispute we had and provided us with several potential solutions.’

‘Appleby assisted us with a very substantial enforcement exercise which involved multiple proceedings in Cayman and the BVI. The matter also involved us taking steps against the debtor’s assets in five jurisdictions. Appleby developed an effective strategy which responded to significant roadblocks and ultimately led to a successful outcome. In my view, there is no better firm for enforcement work.’

The Appleby team was able to deliver very high-quality work in limited time. The Appleby team has strength in depth across both the Cayman and BVI offices. The team was very responsive and always made themselves available. They went the extra mile to deliver client service in a complex and testing case.’

We work with the finest litigation and arbitration firms on disputes around the globe and I must say that the Appleby team’s tactical and writing skills have surpassed all expectations. I believe this matter was a textbook example of how enforcement should be strategized and carried out.’

‘David Lee is very bright and there is nobody better at managing complex disputes. He is a strategic thinker who works hard to deliver effective solutions.’

Tony Heaver-Wren is an insolvency expert with a well-established reputation in the market particularly with insolvency matters. Tony provided very clear thinking and excellent strategic input.’

‘Sebastian Said is a rising star, very switched on, responsive and personable.’

‘Very experienced contentious insolvency and restructuring team, excellent to work with, and very commercial.’

‘Tony Heaver-Wren is an exceptional performer on account of his excellent commercial judgment and first-rate interpersonal skills.’

Andrew Jackson is outstanding technically, particularly in relation to share valuation disputes, and a pleasure to work with.

Key clients

Nordic Trustees

Pacific Drilling

China National Building Materials

Ennismore Fund Management

China Resources

BDO/Abraaj

Britannia Golf Course

Scully Royalty Ltd

Obelisk Capital Management Limited

Work highlights

  • Represented Nordic Trustee as corporate trustee of $142m in defaulted bonds in two of the most hotly contested winding-up petitions in the Financial Services Division in 2020/2021.
  • Advised Pacific Drilling Company LLC on the restructuring of approximately $1bn debt across the Pacific Drilling Group.  
  • Acted for China Resources and Transport Group Limited, which was the respondent to (a) an application for appointment of provisional liquidators (on a risk of dissipation basis), and (b) a winding up petition.

Campbells

Campbells’ dispute resolution practice has a notable track record in major insolvency and restructuring cases, which it has handled for institutional investors, creditors, directors and other professional service providers. Spearheaded by Guy Manning, the department also acts in commercial litigation, particularly complex investment fund litigation, shareholder disputes and asset recovery cases; the latter is an area of expertise for Paul Kennedy, who was promoted to partner in April 2021. Mark Goodman  also regularly handles multijurisdictional restructuring and asset tracing cases, while Liam Faulkner – having spent time in the firm’s Hong Kong hub – has considerable expertise in disputes emanating from Asia. International arbitration expert Andrew Pullinger  and senior associate Hamid Khanbhai are further names to note.

Practice head(s):

Guy Manning 

Testimonials

‘Campbells have grown from strength to strength in the last five years under the leadership of Guy Manning. They have a very experienced team, and are dynamic and commercial. Queries are answered and advice is provided always well within timelines. Campbells’ lawyers have a high client and solution focus and are always available. Extremely experienced with Court matters and their team includes a number of individuals that act in an advocacy capacity at Court on behalf of clients.’

‘They stand out for their commitment to giving you the very best legal advice and service.’

‘Liam Faulkner has a genuine interest in the law combined with a commercial and practical approach. Liam is extremely knowledgeable and is dedicated to providing clients with the best possible service, whilst being flexible and dynamic in his approach to complex issues.’

‘Paul Kennedy has good and objective communication with the client and instructing counsel, what is an important tool when dealing with complex transnational matters.’

‘The team is organised and has great knowledge of local litigation.’

‘Paul Kennedy is a great litigation leader.’

Key clients

Deloitte

BAF Latam Credit Fund

Credit Suisse

Alvarez & Marsal

FTI Consulting

Goldman Sachs

HSBC

Borelli Walsh

EY

Royal Bank of Canada

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 as Cayman counsel to the JOLs of AIML, which prior to its collapse held $14bn of AUM as the investment manager to over 40 private equity funds which formed part of the Abraaj Group.
  • Acting for 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

Noted for its cross-jurisdictional capabilities, which have resulted in an uptick in instructions from Asia, Carey Olsen’s practice handles a diverse range of contentious work but is especially skilled in the fields of restructuring and insolvency. The group also acts in commercial litigation, which among the key areas of focus for financial services expert Sam Dawson , while Bernadette Carey  specialises in contentious trust work; Dawson and Carey are praised as ‘two of the best litigators in Cayman‘. Additional standout names are Peter Sherwood , who frequently advises on large-scale restructurings, and Denis Olarou , who made partner in July 2021. Former practice head Jan Golaszewski is now based in the firm's London office.

Testimonials

‘CO Cayman is really going places. They do a lot of China-related work.’

‘Sam Dawson is an old hand with much Cayman experience.’

‘Sam Dawson (for commercial disputes and insolvency) and Bernadette Carey (for trusts) are two of the best litigators in Cayman. I trust and respect them both immensely. Two of the best bets one can make in Cayman if you are involved in a dispute.’

Very experienced, commercial team and, most importantly, with restructuring / insolvency rather than simply dispute backgrounds.

Peter Sherwood is highly commercial with deep restructuring background.’

Denis Olarou is very strong technically on discovery.’

Key clients

T. Rowe Price

Burlington Loan Management / Davidson Kempner

San Miguel Holdings Corp.

Great Simplicity Investment Corporation

Grant Thornton

KPMG

PricewaterhouseCoopers

BDO

Deloitte

FTI Consulting

Catalyst Investment Management Company

EFG Bank

Daiwa Capital Markets

Rawlinson & Hunter

Genesis Trust & Corporate Services Ltd

Ritchie Capital Management LLC

Daiwa Capital Markets Europe Limited

Founders of Weride Inc.

Work highlights

  • Advised Abraaj Holdings on its successful (and heavily contested) application to appoint provisional liquidators and subsequently instructed by the provisional liquidators from PwC.
  • Acting for an Ad Hoc Group of bondholders in Luckin Coffee Inc. in relation to their $460m claims in the provisional liquidation of Luckin Coffee Inc., one of the largest coffee outlets in PRC.
  • Acting for Global Cord Blood Corporation in a valuation dispute brought by one of its minority shareholders, Jayhawk Capital Management LLC.

Collas Crill

While relatively new to the Cayman market, the litigation team at Collas Crill is ‘rapidly establishing itself as one of the leading teams in the market‘. In addition to its strengths in restructuring and insolvency work, it has recently expanded its capabilities into other areas, most notably in disputes pertaining to trusts, international arbitration decisions, section 283 issues, corporate commercial litigation, and fraud and asset tracing mandates. Praised for its ‘personal touch’ and responsiveness, the department is led by Stephen Leontsinis, who is frequently trusted to handle high-value, multijurisdictional liquidations. Elsewhere, Rocco Cecere (who is a ‘thoughtful strategist with good knowledge of Cayman fair value claims‘), Matthew Dors (‘an excellent advocate with a sharp mind in court‘) and Jennifer Colegate (who was promoted to partner in 2020) stand out for their contributions.

Practice head(s):

Stephen Leontsinis

Testimonials

‘Unlike the traditional offshore firms, this firm has the personal touch and are very responsive. They are able to offer value for work. ’

Good to work with. Experienced in the field.

Rocco Cecere is a thoughtful strategist with good knowledge of Cayman fair value claims.’

Collas Crill is relatively new to the Cayman market but its litigation team is rapidly establishing itself as one of the leading teams in the market. They have a core of very diligent and hard-working staff and are recruiting smartly from other firms on island. They are seriously hard-working, intelligent and highly commercial. Very user friendly and easy to work with.’

Stephen Leontsinis is standout practitioner – drives culture of the firm which is a USP in their way of working collaboratively.’

Matthew Dors is a leading litigator in the Cayman Islands. An excellent advocate with a sharp mind in Court. He is one of the hardest-working lawyers I’ve come across and expertly balances the legal requirements of a case with the commercial pressures and focus of his clients.’

Stephen Leontsinis has an excellent strategic mind. He is a stand-out advocate who is equally effective in the boardroom or behind the scenes developing strategy and plotting the steps to successful outcomes for his clients. I would recommend him without hesitation.’

Impressive growth in practice. Senior-led and hands-on approach. Stephen Leontsinis is outstanding at stakeholder management and business development.’

Key clients

Kalo Advisors

FTI Consulting

Ernst & Young

FourWorld Capital Management

RH Restructuring (Cayman) Limited

Bank of New York Mellon

Development Specialists Inc,

Athos Capital Limited

Quadre Investments LLC

Cooley LLP

Sentinel Reinsurance

Work highlights

  • Acting for a claimant in the American Arbitration Association against two large Audit firms, seeking damages for auditor’s negligence in the amount of $300m+.
  • Acting for the US SEC Receiver of the TCA Group of Companies, which were placed in receivership as a result of a massive fraud on investors perpetrated by its principal founding member.
  • Acting for Sentinel Reinsurance Ltd in a disputed insurance claim against a large financial institution, in the amount of $100m+.

Conyers

Working closely with the firm’s other offshore offices, Conyers’ team in Cayman fields specialists in corporate litigation, international arbitration, cross-border insolvency and restructuring, contentious trusts disputes, and other litigation involving Cayman structures, including property, regulatory, and employment disputes. The team has notably been involved in a number of appeals before the Cayman Islands Court of Appeal, as well as substantial trials and interlocutory applications before the Grand Court of the Cayman Islands. Alex Potts QC heads up the team, which counts all-rounder Jonathon Milne, Erik Bodden and contentious trusts lead Robert Lindley among its key practitioners. In recent news, Roisin Liddy-Murphy and Spencer Vickers were both promoted to counsel in May 2021.

Practice head(s):

Alex Potts QC

Key clients

Torchlight GP Limited

Sky Solar Holdings

Augusta Health

Tailored Brands

Arnage Holdings Limited

Luckin Coffee Inc.

Changyou.com Limited

PAG Quantitative Strategies Trading Limited,

PAG Asia Alpha LP, PAG-P Asian Fund LP

Work highlights

  • Acting for Arnage Holdings Limited, Brooklands Holdings Limited and East Farthings Holdings Limited in a multi-hundred million dollar claim against a law firm.
  • Acted for Tailored Brands in a multi-billion dollar Chapter 11 restructuring.
  • Acted for Changyou.com Limited in defending a section 238 minority shareholder appraisal action.

Harneys

Spearheaded by Nick Hoffman, who ‘does a great job leading the team‘, Harneys excels in distressed hedge fund litigation and share valuation cases, attracting plaudits for the latter as a ‘premier law firm for appraisal litigation’. For such cases, Paul Madden (who is ‘hardworking, commercial and results-driven’) is the standout name, regularly acting in litigation emanating from Asia generally and China specifically, often in conjunction with Hong Kong-based colleagues. Complex liquidations, asset tracing issues, shareholder disputes, insolvency proceedings, corporate restructurings and contentious trust disputes are the other main pillars of the ‘responsive, insightful and strategic‘ group, which also features Paul Smith, Katie Pearson and counsel Gráinne King, all of whom are active in a wide variety of insolvency and commercial disputes.

Practice head(s):

Nick Hoffman

Testimonials

‘The Harney’s Cayman Islands office is the premier law firm for appraisal litigation. The coordination with Harney’s Hong Kong office makes counsel available 24 hours a day.’

‘Paul Madden is hardworking, commercial and results-driven.’

‘The best of the best is a cliché but Harneys remain the leading offshore practitioners in the various jurisdictions in which they practice, in my view.’

Fabulous law firm. Really commercial and legally astute. Accessible and team-orientated. I never hesitate to recommend them as my first choice offshore practice, particularly in Cayman.’

William Peake stands out. Superb intellect and legally/strategically astute. Always my first point of contact on new instructions and someone I have the confidence to recommend to others looking at appointing an offshore law firm.’

The Harneys team are responsive, insightful and strategic. They are my preferred firm in Cayman.’

Paul Smith is excellent; highly intelligent, strategic and utterly unflappable.’

The team has enviable credentials from involvement in some of the major cases since the 2008 credit crunch, in BVI and Cayman. I find the individual lawyers with whom I have worked to be very approachable and “human”.’

Nick Hoffman, a steady hand on the tiller, does a great job leading the team and has the right personality to rally the firm’s resources and produce the right result for their clients.’

Key clients

Luckin Coffee

American Insurance Group (AIG)

ArcelorMittal USA LLC

GVA Capital Ltd

Liquidators of TCA Global Credit Fund

Rubicon Vantage International Pte Ltd

58.com

Qunar Cayman Islands Limited

Qihoo 360 Technology Co. Ltd

Tonly Electronics Holdings Limited

Century Sunshine Group Holdings Limited

Trina Solar Limited

Fortunate Drift Limited

Joint Official Liquidators of Duet Real Estate Partners 1 LP.

iKang Healthcare Group, Inc.

China Life Trustees Limited

Work highlights

  • Acting for Luckin Coffee in a major restructuring in which the company is seeking to compromise its debts and liabilities by instituting two parallel schemes of arrangement which are not interdependent on one another.
  • Instructed by 58.com Inc in $1.9bn dollar share appraisal litigation proceeding under section 238 of the Companies Act (2021 Revision).
  • Acting for ArcelorMittal in its long-running battle against its commercial rival, the Essar Group, seeking to enforce a $1.3bn arbitration award, arising out of Essar’s breach of a 10-year contract to supply ArcelorMittal with iron ore pellets in Minnesota.

Mourant

Mourant is ‘able to manage complex, multi-jurisdictional litigation with ease and fit brilliantly into a large team of lawyers from different jurisdictions‘. Its expertise is wide ranging, covering the full spectrum of contentious cross-border restructurings, insolvencies, shareholder disputes, contentious trust disputes and frauds. Involved in a large number of major, long-running Cayman disputes, the group is overseen by Hector Robinson, who is praised as ‘a highly skilled lawyer‘ who is ‘not afraid to advance novel arguments or test uncharted territory‘. All-round commercial litigator Peter Hayden, section 238 litigation expert Simon Dickson, restructuring specialist Christopher Harlowe and Nicholas Fox, who shines in litigation containing fraud and asset-tracing issues, are the other headline names. At counsel level, Jonathan Moffatt also provides key support in this area.

Practice head(s):

Hector Robinson QC

Testimonials

‘I engage with Mourant’s Cayman office for litigation for a large corporate. Counsel at Mourant provides sound advice with an eye on the commercial realties of the client company.’

‘Hector Robinson QC is an excellent counsel. Watching him cross-examine a witness was a lesson in the rules of advocacy.’

‘Mr Hector Robinson, QC is a highly skilled lawyer who is regarded well in the society and legal fraternity. He is well-read and well-researched. He listens to his client and seeks the client’s best interests. He has strong personal organization skills. He is not afraid to advance novel arguments or test uncharted territory. His style is adaptable to the changing circumstances in which he works.’

The team at Mourant is exceptional. They are able to manage complex, multi-jurisdictional litigation with ease and fit brilliantly into a large team of lawyers from different jurisdictions. They are thorough and relentless in their pursuit of their client’s best interests. The team you want in your corner if your case has a Cayman angle.’

Nicholas Fox is excellent. He is brilliant to work with – committed, thorough and a man that sees the big picture.’

Key clients

Ahmad Hamad Algosaibi & Brothers Company (AHAB)

Oasis Funds

Kalo Advisors as the Joint Official Liquidators of Primeo

Tailored Brands Worldwide Purchasing Co

General Electric Company

Kingstown Capital Management, LP

Scully Royalty Ltd

Fideicomiso F/000118

Geneva Trust Company (GTC) SA

Viscom Investments Ltd

Cayman Islands Monetary Authority

Grant Thornton

Work highlights

  • Acting for Kalo Advisors, the Liquidators of Primeo Fund (as stakeholder in Herald Fund SPC) in multiple ongoing litigation matters with Herald, in which Primeo is the largest stakeholder.
  • Acting for Oasis Funds, the largest group of dissenters, on a fair value appraisal pursuant to section 238 of the Companies Act involving SINA Corp, the operator of Chinese social-media platform Weibo, which recently merged in a take-private deal.
  • Acted for General Electric Company in its successful defence of a $220m commercial litigation claim that was resolved after a 7-day forum challenge hearing in late 2020.

Ogier

The ‘exceptional’ dispute resolution practice at Ogier is commended for its ‘extensive knowledge of Grand Court and CICA procedures, and is exceptionally well versed in the law on freezing orders and anti-suit injunctions’. ‘Unafraid to seek remedies that go beyond the norm in commercial litigation’ and ‘working well as part of a global team’, the group includes newly appointed Queen’s Counsel and senior managing partner Rachael Reynolds QC and is led by the firm’s global head of dispute resolution Marc Kish . Jennifer Fox specialises in fraud and asset recovery claims, whereas William Jones regularly advises on the enforcement of foreign judgments and arbitral awards. Also highly adept in this space are managing associate Gemma Lardner, counsel Deborah Barker Roye and Christopher Levers, who joined the group as counsel from Mourant in January 2021.

Practice head(s):

Marc Kish

Testimonials

The team is exceptional, they are always impressive and considered. Their distinguishing factor is their emotionally intelligent approach to finding the best way to win the argument whether that calls for a direct approach or a more circuitous one. The team includes brilliant minds who consistently master the detail without losing overall perspective.’

‘Ogier are really going places. They have great work from China and India.’

‘Ogier’s Disputes team (Cayman) have been exceptional. They have extensive knowledge of Grand Court and CICA procedure, are exceptionally well versed in the law on freezing orders and anti-suit injunctions. Their instincts and judgment calls have been reliably correct. They are not afraid to push the envelope, fiercely guarding clients’ interests, and seeking remedies that go beyond the norm in commercial litigation. They have been reliably commercial and work well as part of a global team, integrating and working in collaboration with overseas counsel.’

‘Will Jones is approachable and easy to work with, draws on a wealth of experience, not afraid to make tough calls. His judgments and instincts are reliably correct.’

Christopher Levers is experienced, creative, cool-headed in the face of pressure and all over the detail. Works well in a team.’

Marc Kish is commercial, user-friendly, very experienced, and a good strategic thinker.’

‘Rachael Reynolds QC is the whole package: she has a first-rate mind; she is utterly committed to her clients and yet remains a real pleasure to work with.’

Jennifer Fox is a stand-out in the contentious trusts and insolvency space. She has accumulated an enormous amount of experience and inspires confidence.’

Key clients

Star International Drilling Ltd

Cheng & Cheng Ltd, Cheng & Cheng Services Ltd, FN Asia Advisory Co Ltd

Tianrui (International) Holding Company Limited

G3 Exploration/Green Dragon Gas

Funds under the management of Elliott Advisors (UK) Limited; Athos Capital Limited; Genesis Investment Management, LLP; Hudson Bay Capital

Kuwait Ports Authority and The Public Institution for Social Security

Raiffeisen Bank International AG

Hudson Capital Solar Infrastructure GP, LP

Oaktree Capital Management LLP

Joint official liquidators of Madison Asset LLC (in official liquidation)

Joint official liquidators of Universal Enterprises Ltd.

Gol Linhas Aereas S.A.

Essar Global Fund Limited and Essar Capital Limited

Work highlights

  • Acting in one of the most significant and substantive aspects of the Abraaj Group investor litigation, following the collapse of the largest ever private equity structure in the Middle East.
  • Acted for Kuwait Ports Authority in bringing an application pursuant to s.22 Exempted Limited Partnership Act to require the fund and its general partner, Port Link GP Ltd, to provide true and full information regarding the fund’s business and financial condition.
  • Acting for the Cayman Islands Monetary Authority with respect to the highest fine ever imposed on a financial services provider in the Cayman Islands and in the first-ever appeal under the Monetary Authority Regulatory Fines Regulations.

Bedell Cristin

Fielding ‘an excellent group of commercial litigators’, Bedell Cristin demonstrates ‘good strength in insolvency and trust matters’ in particular. Practice head Laura Hatfield  and Kai McGriele  are viewed as ‘excellent practitioners in the industry’, trusted by a range of professional directors and trustee clients. In addition to its longstanding bankruptcy and restructuring practice, the team also handles regulatory enforcement matters, asset tracing cases and shareholder disputes, with particular expertise in multi-jurisdictional issues. Managing associate Richard Parry  provides additional support.

Practice head(s):

Laura Hatfield

Other key lawyers:

Richard Parry ; Kai McGriele 

Testimonials

‘Kai McGriele is very easy to work with.’

‘The Cayman disputes team has good strength in insolvency and trust matters. Kai McGriele is a particular standout; knowledgeable and personable.’

‘Kai McGriele is worthy of specific mention. He has a good market reputation and has an equally good depth of knowledge with respect to insolvency matters.’

‘They are practical, responsive and very capable.’

‘An excellent group of commercial litigators.’

‘Laura Hatfield and Kai McGriele, in particular, are excellent practitioners in the industry.’

A solid dispute resolution team, ably led by Laura Hatfield.’

Laura Hatfield is a helpful, sensible and astute practitioner.’

Key clients

Duff & Phelps (a division of Kroll)

Green Capital LLC

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 (Publ)

PriceWaterhouseCoopers

Ernst & Young

Grant Thornton

Deloitte Cayman

FTI Consulting

Work highlights

  • Acted for Sjunde AP-Fonden and Louisiana Sheriffs Pension & Relief Fund in Federal Class Action In Re Luckin Coffee Inc, advising on Cayman Islands Provisional Liquidation of Luckin Coffee Inc and proposed Scheme of Arrangement to compromise shareholder creditor claims under Federal Securities Act.

Kobre & Kim

Kobre & Kim acts for an assortment of clients in contentious matters, placing a particular emphasis on cross-border issues and onshore and offshore parallel proceedings. Peter Tyers-Smith (who ‘works phenomenally hard and lives and breathes the case‘) focuses on disputes arising from distressed or insolvent mutual and private equity funds and general corporate and commercial disputes, while Ulrich Payne has considerable expertise in complex asset recovery matters and regularly conducts regulatory investigations for financial service clients. Another noteworthy name is Jalil Asif, who divides his time between Cayman and London.

Testimonials

‘They can handle big cases with a small team that is always close to the detail.’

‘Peter Tyers-Smith works phenomenally hard and lives and breathes the case. He goes the extra mile for his clients.’

Ulrich Payne is a strong practitioner. Peter Tyers-Smith is also highly rated.’

Calm and pragmatic approach to meet the client’s goal, even when facing difficult and unreasonable counterparties and messy situations.’

They provided excellent proactive advice that was really useful. On top of their game. Really good value.’

Peter Tyers-Smith has been our primary contact. Very available and hands-on. Excellent in providing advice that is useful for the client and has excellent knowledge about BVI and Cayman rules on enforcement.’

Key clients

Skatteforvaltningen – The Ministry of Taxation and Customs of the Kingdom of Denmark (SKAT)

FFP (Cayman) Limited

Kalo Advisors, as Liquidator of FCI Markets Inc.

Spectrum Galaxy Fund Ltd

Luckin Coffee Inc. Chairman and CEO

Vantage Drilling International

Shanghai Lan Cai Asset Management Co, Limited

Several Unaoil Executives

Marble Ridge Master Fund LP

Work highlights

  • Representing Skatteforvaltningen in seeking the Court-mandated production of documentary evidence in the Cayman Islands and British Virgin Islands for use in the multi-district litigation proceeding in the Southern District of New York against hundreds of Defendants involved in perpetrating the globally-publicised $2bn “cum-ex” dividend withholding tax fraud against SKAT.
  • Acting for FFP in its role as court-appointed receivers and independent directors of various entities within the XiO Group, a global alternative investments firm subject to very complex multi-party arbitration and litigation in multiple jurisdictions involving serious allegations of unlawful-means conspiracy fraudulent misappropriation and mis-management of assets worth $3.2bn.
  • Advising current and former executives of Luckin Coffee on an internal investigation into alleged fabricated transactions totalling over $300m.

Forbes Hare

Displaying particular strength in contentious work originating from Hong Kong and China, Forbes Hare is mainly instructed in large, complex insolvency cases. In addition, the team, which is led by Christopher Young QC, excels in local and international commercial injunctive work, shareholder disputes, trust litigation, and investment fund disputes. Alistair Abbott, who has a track record in advising on cross-border commercial disputes, is also active in this space.

Practice head(s):

Christopher Young

Key clients

SGS Universal Investments Holdings

Liquidators to the Fairfield Funds

Aspial Investment Limited and Bumper East Limited

ICICI Bank

SC Global Vision Fund SPC

Work highlights

  • Sought an injunction for SGS Universal Investments Holdings in Cayman restraining dealing in the shares of a company that ultimately owned the port at Vladivostok on Russia’s Pacific coast pending the determination of a shareholders’ dispute through arbitration in London.
  • Acting for bondholders in a winding-up petition against Guoan International Ltd, a Cayman company listed on the Hong Kong and Singapore Stock Exchanges.
  • Advising ICICI Bank on enforcement issues and potential proceedings in relation to a debt in the sum of hundreds of millions of dollars.

Nelsons

Under the joint leadership of Colm Flanagan and John Harris (who joined from Higgs & Johnson in July 2020), the litigation department at Nelsons has an advocacy track record in the Grand Court and the Court of Appeal. It is particularly skilled at handling insolvencies with a US aspect, and is capable across all types of dispute resolution, including general commercial and civil litigation. In recent news, Nicholas Dixey was promoted to partner in 2021.

Practice head(s):

Colm Flanagan; John Harris

Other key lawyers:

Alice Carver ; Nicholas Dixey

Testimonials

I think the main strength of the team is it’s personnel, namely Colm Flanagan and Nick Dixey. Personally I have had several dealings with them and I find them very professional and knowledgeable.’

I deal mainly with Colm Flanagan, who is very responsive and approachable.’

John Harris gives honest and concise legal advice. He also acts as a very competent and commercial counsel to liquidation committees.

The Nelson’s team is pragmatic and commercial and their advice is sensible and robust. They are reasonably priced in the market and (importantly) their more junior team members are strong, which gives comfort that tasks can be allocated appropriately and at a sensible fee level.’

I have worked with John Harris, Nick Dixey and Alice Carver in recent months and all are excellent and a pleasure to deal with.’

Key clients

Infinity Broadband Ltd t/a C3

CG British Caymanian Insurance Company Ltd

National Trust for the Cayman Islands

Secured Creditors of Platinum Partners Funds

Defendant Banks in LIBOR litigation

Air Arabia PJSC

Work highlights

  • Acted for an individual in their claim for recovery of $350m in connection with the collapse of the Abraaj Group.
  • Acted for Infinity Broadband Ltd in judicial review proceedings against the utilities regulator for failure to adjudicate disputes or fulfil its statutory function of ensuring a competitive market.
  • Acting for multiple secured creditors in connection with the liquidations of the Platinum funds, including claims as to validity and value of security.

Priestleys

Priestleys fields a ‘strong team' that works well under the lead of Guy Dilliway-Parry, who wins praise as a ‘hardworking and determined litigator who gets results for his clients‘. The group is particularly active in commercial disputes arising out of China and Hong Kong, primarily shareholder disputes, insolvency matters and bankruptcy proceedings. Key clients span multinational corporations, financial institutions, high-net-worth individuals and representative bodies for governmental organisations.

Practice head(s):

Guy Dilliway-Parry

Other key lawyers:

James Dixon

Testimonials

‘Guy Dilliway Parry is excellent. He is technically very able and great with clients.’

They have a strong team that works well under the lead of Guy Dilliway-Parry. They each have different areas of expertise and work well to provide a strong overall unit.’

Guy Dilliway-Parry is one of the main partners in the firm. He is highly intelligent and articulate. He analyses cases to a high degree in a forensic manner but is also commercially savvy. He works exceptionally hard and responds very quickly to enquiries. He is great to work with.’

Guy Dilliway-Parry is a hardworking and determined litigator who gets results for his clients. He is a careful but formidable litigator.’

Key clients

Bronzelink Holdings Limited

Estate of Frank Fleiger

Caribbean Loss Adjusters

Mayer Holdings Limited

Royal Cayman Islands Police Association

Medical Protection Society

PDP Corporation and PDP Holdings

Work highlights

  • Acted for Bronzelink Holdings Inc in contested proceedings involving an application for the substitution of a petitioning creditor, the appointment of Provisional Liquidators and separate declaration proceedings to determine the proper officers of the Company.
  • Advised and represented a client 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 an associated worldwide freezing injunction.
  • Acting for Royal Cayman Islands Police Association (and its members) in respect of multiple applications including two ongoing judicial review applications against the Commissioner of Police and the Attorney General of the Cayman Islands as well as an application for declarations of incompatibility of the Police Law and discrimination on the grounds of age contrary to the Bill of Rights of the Cayman Islands.

Stuarts Walker Hersant Humphries

Led by Richard Annette , Stuarts Walker Hersant Humphries‘s team primarily handles insolvency and insurance-related contentious work, acting for global insurance and captive insurance companies, among other entities. Key areas of strength for the group include personal injury claims, director duties issues, scheme of arrangement matters and voluntary liquidations. Providing key support on matters is senior associate Shuvra Deb.

Practice head(s):

Richard Annette

Other key lawyers:

Shuvra Deb

Key clients

British Caymanian Insurance Company Limited

Island Heritage Insurance Company Ltd

Frontera Resources Corporation

Work highlights

  • Acting for the investors in Xanthos Capital Partners Limited (In Official Liquidation) in potentially substantial claims.
  • Advising Frontera Resources Corporation and Frontera International Corporation on the Costs Taxation Process.
  • Acted for British Caymanian Insurance Company Limited in a number of personal injury claims, with various different proceedings currently ongoing before the Court.