Mourant > Grand Cayman, Cayman Islands > Firm Profile

Mourant
PO BOX 1348, 94 SOLARIS AVENUE
CAMANA BAY
GRAND CAYMAN KY1-1108
Cayman Islands

Cayman Islands > Banking, finance and capital markets Tier 2

Active on both the borrower and lender side, Mourant is instructed by an impressive range of FTSE 100 and FTSE 250 companies, private equity houses and major multinational banks in highly complex financing deals. Key areas of strength include fund financings, equity and debt capital markets work and structured finance deals, especially CLOs, securitisations and warehousing transactions, and restructurings. Responsibility for leading the group is shared between Hayden Isbister and the ‘exceptionalAlexandra Woodcock, both of whom have proven track records in private equity downstream transactions as well as fund-related finance matters. Elsewhere in the team, Neal Lomax, Ramesh Maharaj and Alex Last are highly regarded in the field, while at counsel level, Finn Howie and Andrew Grant regularly provide assistance on the group’s headline transactions.

Testimonials

‘Mourant has a broad practice with a depth of knowledge that few other firms do. They are responsive, thorough and efficient. They provide targeted guidance and expertise to help clients achieve their goals.’

‘Hayden Isbister has been the primary partner/contact for our transactions and he oversees a team of talented professionals that work together seamlessly to provide comprehensive representation and exceptional work product.’

‘The key strengths of the team are its responsiveness, subject matter expertise, quality work product and skill in negotiating and resolving issues. They deliver great value for its clients.’

‘Alexandra Woodcock is exceptional. She and the team she manages provide excellent client service, and they have great expertise in respect of the legal issues that come up on my transactions. They are also very adept at resolving issues with opposing counsel. Other important strengths of the team are that they identify potential legal issues, explain issues in a manner that is easy to understand and they consistently develop workable solutions.’

Key clients

Wells Fargo Bank, N.A.

Bybrook Capital LLP, Nordic Trustee ASA

Work highlights

  • Advised Wells Fargo in its capacity as the administrative agent and collateral agent on behalf of the senior lenders to Diamond Offshore Drilling, Inc. on new senior term and revolving facilities which now make up the group’s post-bankruptcy financing arrangements.
  • Advised Bybrook Capital LLP and Nordic Trustees on a complex restructuring.

Cayman Islands > Corporate and commercial Tier 2

Praised as an ‘absolute pleasure to collaborate and work with‘, the corporate offering at Mourant, which is overseen by Hayden Isbister, handles the full gamut of corporate and commercial work, from major M&A and joint venture transactions to complex regulatory issues, large-scale corporate restructurings and governance issues. Noteworthy names operating within the group are Neal Lomax, who is retained by an assortment of large multinational corporations and international banks; private equity specialist Alex Last; corporate finance expert Alexandra Woodcock; and Ramesh Maharaj, who is noted for his extensive experience handling M&A and finance matters emanating from the precious metals and resources sectors. Additional key practitioners are Catherine Pham and counsel Andrew Grant.

Practice head(s):

Testimonials

The team has deep knowledge and is accessible and commercially minded.’

Our reason for Mourant is Ramesh Maharaj. We find him friendly, approachable and someone we can properly explore an idea with. He has great experience and normally has a solution to meet a client’s specific needs. I highly recommend him.’

The team is extremely responsible and flexible. Always available with practical business solutions.’

Hayden Isbister is great to work with. They are well tuned in to industry practice and developments, and are an absolute pleasure to collaborate and work with.’

Key clients

Kuehne + Nagel

Endeavour Mining

L Catterton

Work highlights

  • Advised Kuehne + Nagel Management AG on an auction purchase of Apex Logistics, one of the largest M&A deals in Switzerland in 2021.
  • Acted for Endeavour Mining Corporation in connection with its C$1bn public acquisition of SEMAFO Inc. by way of plan of arrangement.
  • Advised leading private equity company, L Catterton, on the establishment of a special purpose acquisition company that aims to raise approximately $250m for targets in Asia.

Cayman Islands > Dispute resolution Tier 2

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):

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.

Cayman Islands > Regulatory and compliance Tier 2

The regulatory team at Mourant, which focuses on regulatory developments impacting financial services, insurance and banking entities, is particularly active in regulatory inspections, licence applications and amendments, and provides advice on and analysis of existing regulatory regimes. In particular, it displays a deep well of expertise of the economic substance, private fund, beneficial ownership and AML/CFT frameworks. Supported by the firm’s corporate, funds and dispute resolution specialists, the group, which is noted for its ‘proactive and collaborative style’, is headed up by dedicated regulatory lawyer Sara Galletly, who is ‘extremely well-versed in the intricacies of the myriad of regulatory legislation introduced in Cayman in the past few years and has been a bright light’.

Practice head(s):

Testimonials

‘I’ve always had exceptional service from Mourant. The team is very helpful and responsive and I have great confidence in the advice I’ve received.’

‘Sara Galletly stands out because she delivers such clear and concise advice. In a sea of confusing regulations, she has the ability to disseminate advice clearly leaving me confident in my course of action.’

‘This team has a pragmatic approach to regulatory and compliance, and a proactive and collaborative style.’

‘Sara Galletly is the real gem in this team. She’s extremely well versed in the intricacies of the myriad of regulatory legislation introduced in Cayman in the past few years and has been a bright light in a number of different forums bringing clarity and relevance to this area. She is approachable and engaging and a real pleasure to work with.’

‘Sara Galletly provides commercial, practical and applicable advice. She is my ‘go-to’ regulatory and compliance lawyer.’

‘Very competent, responsive and personable service.’

‘Personable service, a lot of care put into building a relationship, understanding needs, and responding in an appropriate and timely manner.’

‘I found the team to have sufficient depth to address regulatory/compliance questions that we had. I worked with a primary point of contact who brought in specialized team members as situation warranted. Given the size of the firm, they appear to have in-depth experience covering a wide variety of situations and circumstances. I also found them to be very responsive, even during the times that appeared to be very busy (around filing deadlines). It also helped that the various team members had a good understanding of our business going into discussions which allowed for a more to the point conversations to take place.’

Cayman Islands > Investment funds Tier 3

Trusted by a plethora of large fund managers, fund promoters and investors ‘to deal with the life-cycle of an investment fund’, Mourant excels in investment fund launches, structuring mandates and fund restructurings. ‘Excellent lawyerHayden Isbister leads the practice, which handles matters pertaining to a range of distressed funds, hedge funds, private equity funds and real estate funds. Two key practitioners within the team, Alex Last and Neal Lomax, are pre-eminent names in the jurisdiction for large hedge funds and private equity funds in particular. The much-praised Catherine Pham is ‘very knowledgeable on a wide range of topics including structuring and regulatory requirements’, while senior associates Rhiannon Williams and Gemma Cowan provide key support on a variety of fund-related instructions.

Practice head(s):

Testimonials

‘The team is very professional and attentive. The partners have vast experience in the areas of service and all surrounding topics. I felt that their experience protects me from making mistakes, which could be very costly. I got a one-stop-shop for all the legal services that I needed.’

‘Catherine Pham is very approachable and impressively responsive to client needs. She is very patient as evidenced by her work with a mutual client who was new to the space yet demanding at the same time. She is very knowledgeable on a wide range of topics including structuring, and regulatory requirements.’

‘The Team is able to problem-solve complex issues as well as provide efficient feedback on regular-way investment fund issues.’

The team is very, very responsive and communicates very well. They always meet deadlines and communicate well. Their advice is spot on and they provide practical solutions to complex issues.’

Neal Lomax always responds to inquiries promptly, usually same day or within a couple hours. He makes himself available as needed and takes a hands-on approach to our work. Neal has a calm demeanour and is very easy to work with. He provides very practical advice that is easy to implement. Gemma Cowan is also very responsive. Her work product is excellent.’

‘Hayden Isbister is an excellent lawyer. Very sound technically but also personable and practical. I often recommend him. Senior associate Gemma Cowan is also recommended. ’

The team is broad in its capacity to deal with the life-cycle of an investment fund: not just a regulatory team but also extremely good on fund formation as well as advising on transactions entered into by or with investment funds.’

Catherine Pham is a standout lawyer, highly competent technically and very pragmatic and commercial. Catherine is the best of private practitioners in Cayman: an exceptional lawyer who knows her clients’ market well. She exudes calm confidence and delivers advice with elegant authority.’

Key clients

Knighthead Capital Management, LLC

Avista Capital Partners

GLP Capital Partners/GCP Capital Partners

Work highlights

  • Advised Knighthead Capital Management, LLC on the establishment, formation and private fund registration of a unique travel distressed closed-ended Cayman master-feeder structure, which included four Cayman exempted limited partnerships.
  • Advised Avista Capital Partners on a strategic GP minority stakes investment.
  • Advised GLP Capital Partners / GCP Capital Partners on the formation of a new Cayman Islands feeder fund.

The firm: Mourant is a leading global offshore law firm with expertise in BVI, Cayman Islands, Guernsey and Jersey law. Through Mourant Governance Services we deliver a complementary range of fiduciary, administration and governance services.

Our clients include many of the world’s leading financial institutions, corporations, public organisations, private equity houses and investment funds, as well as ultra-high-net-worth individuals and family offices. We routinely work in partnership with the most prestigious international legal and accountancy firms.

Types of work undertaken: Our Cayman Islands practice specialises in:
Banking and finance:The partners in our banking and finance team are highly respected experts in their field, and their practices span the full range of offshore banking and finance work. Our team regularly acts for lenders, borrowers, arrangers, issuers, managers, trustees and other finance parties, and advises 90 per cent of the world’s top 50 banks.

We’re renowned for our structured finance and securitisation work, and have a reputation for excelling in the most complex transactions involving offshore law.

We’re also regularly appointed as listing sponsor to securities listed on the Cayman Islands Stock Exchange and The International Stock Exchange.

Corporate: We’re best known for our work on the most complex and demanding transactions – where clients tell us that the strength in depth and hands-on approach of our multi-jurisdictional partner team make all the difference.

Regulatory and governance: We provide highly commercial and focused legal advice in relation to the full range of offshore governance and regulatory requirements and issues.

Regulatory investigations often span the numerous jurisdictions in which our clients operate. We either manage and co-ordinate our clients’ issues ourselves, seamlessly across those jurisdictions, or we work alongside leading legal and accounting firms to manage matters through to conclusion. We also regularly advise on competition law and data protection law.

Funds: Mourant has an international reputation as one of the leading investment funds practices in the Cayman Islands. Our market-leading international team spans time-zones, and is known for the quality and quantity of complex work it handles globally across a wide range of alternative fund asset classes – traditionally real estate, private equity, credit and hedge funds.

We’re increasingly called upon to help launch offshore funds for investment in diverse technological areas including digital technology, cryptocurrencies, fintech, renewable energy, medical tech and bio-venture companies.

Insolvency and restructuring: Our insolvency and restructuring practice draws together banking, corporate, insolvency, investment funds, litigation, regulatory and restructuring expertise. It deploys carefully integrated, multi-disciplinary teams to work closely with leading professionals in the US, the UK and elsewhere. Mourant plays a leading role in the largest and most high-profile insolvency-related cases in the Cayman Islands, usually cross-border in practice requiring rapid and efficient coordinated advice. It advises on all aspects of complex corporate restructurings, providing pragmatic and workable solutions for its clients.

International trusts and private client: We provide exceptional trusts and private client services covering both contentious and non-contentious matters in all our jurisdictions. Our highly regarded international trusts and private client team includes some of the most renowned litigators and legal advisers in the offshore world. With this distinctive global perspective, we’re able to advise neutrally on the most appropriate jurisdiction in which to establish and administer wealth management structures. We work together without jurisdictional boundaries in our clients’ interests.

Litigation and dispute resolution: Our litigation team play a leading role in the largest and most high-profile disputes in the Cayman Islands and in international cross-border cases requiring rapid and efficient coordinated advice. Our litigation partners all have considerable experience and are highly regarded for their work. Our clients include major financial institutions, trust companies, regulators, public authorities, prosecutors and high-net-worth individuals.

DepartmentNameEmailTelephone
Managing Partner Jonathan Rigby
Managing Partner, Cayman Hayden Isbister
PhotoNamePositionProfile
Mr Simon Dickson photo Mr Simon DicksonSimon is instructed by financial institutions in respect of the largest and most…
Mr Nicholas Fox photo Mr Nicholas FoxNicholas has extensive experience in fraud and asset tracing, insolvency and financial services…
Mr Christopher Harlowe photo Mr Christopher HarloweChristopher is a recognised expert in contentious and non-contentious insolvency, restructuring and recovery…
Mr Peter Hayden photo Mr Peter HaydenOver the last 13 years Peter has acted in many of the largest and…
Mr Hayden Isbister photo Mr Hayden IsbisterHayden has significant experience advising a broad range of clients on the…
Mr Alex Last photo Mr Alex LastAlex frequently advises many of the world’s leading private fund sponsors on…
Mr Neal Lomax photo Mr Neal LomaxNeal has extensive experience advising clients on the establishment and restructuring of…
Mr Ramesh Maharaj photo Mr Ramesh MaharajRamesh advises on corporate transactions relating to Cayman Islands entities (companies, partnerships, LLCs),…
Ms Catherine Pham photo Ms Catherine PhamCatherine regularly advises private equity sponsors, investment banks and investment managers on the…
Mr Hector Robinson photo Mr Hector RobinsonRecognised as a trusted adviser and first port of call for clients…
Ms Alexandra Woodcock photo Ms Alexandra WoodcockAlexandra frequently advises many of the world’s leading finance institutions and private…
Number of Partners: : 9
Other offices : BVI
Other offices : Guernsey
Other offices : Hong Kong
Other offices : Jersey
Other offices : London