Firm Profile > Campbells > Grand Cayman, Cayman Islands

Campbells
FLOOR 4, WILLOW HOUSE
CRICKET SQUARE
GRAND CAYMAN KY1-9010
Cayman Islands

Cayman Islands > Insurance/reinsurance Tier 1

Praised as ‘responsive and very knowledgeable‘, Campbells’ insurance and reinsurance practice handles the formation, licensing and operation of a large percentage of the captive insurance entities established in the Cayman Islands, with particular expertise in captives sponsored by healthcare and not-for-profit entities. Practice head Alan Craig is a key name in the market for dealing with both domestic and international insurers; he specialises in advising reinsurers on establishing in and re-domesticating to Cayman, as well as foreign insurers participating in the domestic market, most notably in relation to M&A and insurance-related capital markets. In March 2021, Alistair Walters  retired, and newly promoted partner Paul Kennedy is now the go-to name for contentious insurance work.

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Testimonials

‘The Campbells team are responsive and very knowledgeable. I have always found the Campbells team to be reliable and a great resource, which is why I have no hesitation in working with them or recommending them.’

Key clients

Athene

Marsh McLennan

Willis Towers Watson

Cooper Gay / Ed Broking

Island Heritage

ICWI (Insurance Company of the West Indies)

Guardian Life

Global Captive Management

Artex Risk Solutions

Caribbean Catastrophe Risk Insurance Facility

Guardian Insurance

Strategic Risk Solutions

Beecher Carlson

Fidelity Insurance

Eastern Alliance Insurance Group

Crum & Forster

Cottingham & Butler

United Health Group

Innovative Captive Strategies

Caribbean Alliance

Pan-American Life

Investors Trust

Cayman Islands > Dispute resolution Tier 2

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.

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Deloitte

BAF Latam Credit Fund

Credit Suisse

Alvarez & Marsal

FTI Consulting

Goldman Sachs

HSBC

Borelli Walsh

EY

Royal Bank of Canada

Cayman Islands > Corporate and commercial Tier 3

At Campbells, the corporate team demonstrates ‘impressive technical skills’, applied by lawyers who ‘approach complex problems and transactions by providing sound advice’. The department, which is spearheaded by Alan Craig, is noted for handling cross-border mergers and acquisitions, joint ventures, corporate reorganisations, as well as insurance matters. Cited for his ability to ‘tackle technical and complex issues well’, Richard Spencer most notably assists start-ups and established technology companies with corporate structuring and fundraising issues. Promoted to partnership in September 2020 and April 2021, respectively, the ‘first-rate and approachableDamien Magee and ‘very good lawyerCharlie Pywell are other standout practitioners. Kristy-Anne Leith, who is a senior associate, plays a crucial supporting role in many deals.

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Testimonials

‘Campbells has impressive technical skills and a lot of experience coordinating demands from shareholders in different jurisdictions.’

‘I work more frequently with Charlie Pywell and Alan Craig. Alan is the relationship partner, always readily available to provide assistance. Charlie is a very good lawyer with impressive technical knowledge.’

‘The Corporate Team at Campbells is outstanding, response times are very good and the lawyers approach complex problems and transactions with sound advice.’

‘Richard Spencer is very good and tackles technical and complex issues well.’

‘My contact is Damien Magee. He is first-rate, approachable, with a great legal ability combined with significant market knowledge and awareness.’

Key clients

Liberty Latin America / Cable and Wireless

Genworth Financial

Fidelity Bank

Barrick Gold

Phillips 66

Avon Cosmetics

United Therapeutics

L Brands Inc.

Rand Group

Zimmer Biomet

Cayman Islands > Investment funds Tier 3

Campbells offers clients advice on the structuring, formation and launch of a broad range of investment funds, including hedge funds, venture capital funds, private equity funds and hybrid funds. In particular, the group, which is presided over by Alan Craig, has considerable experience in venture capital fund formations and cryptocurrency fund structures. Elsewhere, Richard Spencer  demonstrates expertise in blockchain-related issues and distressed funds, Simon Thomas specialises in the establishment of private equity funds, and senior associate Aoife Tuohy routinely acts for cryptocurrency fund managers in relation to both open-ended and closed-ended hedge fund vehicles.

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Key clients

Addition

Genbridge Capital

Ribbit Capital

Northern Light Ventures

Monk’s Hill Ventures

Abraaj Investment Management

GSR Ventures

ADM Capital

Kleiner Perkins

Scotiabank Asset Management

Cayman Islands > Real estate Tier 3

Spearheaded by Lily Lee , the property group at Campbells advises large developers, realtors, financial institutions and commercial managers on the full spectrum of real estate matters, encompassing the purchase, sale and development of residential and commercial property in the Cayman Islands, in addition to its capabilities in the residential and commercial financing space. Security loan documentation, joint venture agreements for developers, sales and purchases, leases and sub-leases, and management agreements are specific strands of real estate work in which the group stands out.

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Key clients

FirstCaribbean International Bank (Cayman) Limited

FS Inc.

Rosseau Ltd.

Azul Development Ltd.

Scotiabank & Trust (Cayman) Ltd.

Butterfield Bank (Cayman) Limited

Grant Thornton Cayman

Downtown Reach/Sixtees Properties Development

Cayman National Bank Ltd.

Orchid Development

Cayman Islands > Regulatory and compliance Tier 3

Campbells‘ regulatory and compliance department, jointly fronted by Guy Manning and Alan Craig, covers both contentious and non-contentious work for banks, investment funds and insurance companies. Simon Thomas guides clients through the investment fund registration and securities investment business regimes, reporting requirements under FATCA and the OECD’s Common Reporting Standards, as well as the anti-money laundering, economic substance and ultimate beneficial ownership frameworks. James Austin-Smith has extensive experience of CIMA enforcement cases, dealing with the full range of mandates from administrative fines to judicial reviews.

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Testimonials

‘The team are always available and make time to deal with matters as they arise. They set clear expectations from the outset with regards to when responses will be delivered and what form they will take. They ask incisive and relevant questions. They deliver on time.’

‘I deal primarily with James Austin-Smith from a regulatory advice perspective. He is pragmatic and incredibly knowledgeable. He makes himself available and always provides a timely response on urgent matters irrespective of how busy he already is. He very clearly enjoys his field and getting to grips with the matters on which we require assistance.’

‘Campbells has developed the reputation for not being intimidated by regulatory bodies — no matter how powerful or well-resourced. This invariably stems from the presence of James Austin-Smith as the backbone of this department. They are easily among the top firms in the regulatory and compliance space simply based upon the results they achieve for their clients.’

‘I had the pleasure of working with James Austin-Smith, who is simply an amazing litigator. James has the unique ability to truly take your problems and care about them as passionately as if they were his own. James is an incredibly talented and strategically-minded attorney whose advice is on-point and result-oriented.’

Key clients

Willis Towers Watson

Marsh McLennan

Deloitte

Premier Assurance Group SPC

Cayman Islands > Banking, finance and capital markets Tier 4

Headed up by Alan Craig, Campbells’ practice places an emphasis on equity financing and fund financing matters. Additionally, the group regularly advises on debt financing arrangements, typically in the form of convertible loan notes. Promoted to partnership in September 2020 and April 2021 respectively, ship and offshore finance expert Damien Magee and Charlie Pywell (who handles debt finance transactions) are standout names operating in the department.

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Testimonials

‘Very efficient, cost effective and knowledgeable,’

Key clients

Scotiabank

Royal Bank of Canada

Lloyds

Natwest Markets

Standard Chartered

Bank of America

Raiffeisen Bank

China Development Bank

Barclays

Wells Fargo

The firm

Campbells is a leading full service offshore law firm established in 1970.  From our offices in the Cayman Islands, the British Virgin Islands and Hong Kong we provide comprehensive corporate and litigation advice and services to clients worldwide in relation to Cayman Islands and British Virgin Islands law. We are regularly trusted to advise some of the most prominent names in finance, investment and insurance and we are frequently involved in the largest and most complex transactions, disputes and insolvencies in both jurisdictions.

Our legal team is internationally recognised for its expertise by leading directories and trade publications and we are also proud to be actively involved in the development of legislation, sitting on critical government legislative committees. Campbells is a member of the international legal networks Meritas and World Law Group.

Areas of practice

Arbitration & Mediation: Campbells is at the forefront of arbitration and mediation in both the Cayman Islands and the British Virgin Islands. They have a number of attorneys with highly specialised international arbitration and mediation experience gained onshore in major arbitration and mediation centres.

Banking & Structured Finance: Campbells has extensive experience advising on debt, equity, credit-linked and asset backed securities, derivatives and other structured products, working with professional advisors and leading financial institutions worldwide; in addition to advising on syndicated lending and related security structures and advising on the establishment and licensing of financial institutions in the Cayman Islands and their on-going legal and regulatory requirements.

Blockchain & FinTech: Campbells’ blockchain and fintech practice is recognised as holding a leading position in the market. They have advised many high profile and innovative international businesses in this space, including crypto exchanges, token issuers and investment funds.

Compliance & Regulatory: Campbells advises both local and international banks, insurers, company managers, trust companies, investment managers, administrators and directors on regulatory and compliance matters.

Corporate & Commercial: Campbells has considerable experience in all areas of offshore corporate and commercial law and has worked on some of the most important and innovative cross-border transactions undertaken in the Cayman Islands. They have a strong reputation and particular expertise in the following areas: M&A; restructuring; joint ventures; investment funds; insurance and reinsurance, including captives and insurance-linked securities; capital markets; debt and equity listings; banking and structured finance; asset acquisition and finance, including shipping and aircraft finance; vessel and aircraft registration and mining and resources.

Fraud Litigation & Asset Recovery: Campbells’ specialist fraud and asset recovery team is a market leader in bringing and defending fraud claims and has a wealth of experience in taking urgent steps to identify, preserve and recover assets located within and outside the Cayman Islands, the British Virgin Islands and the Marshall Islands. They also have extensive experience in claims and issues arising out of financial fraud, white collar crime, economic sanctions and government corruption involving offshore entities and assets.

Insolvency & Corporate Restructuring: Campbells acts for local and overseas insolvency and restructuring professionals, creditors, investors, minority shareholders, directors, investment managers and other professional service providers in connection with all aspects of the restructuring and winding up of companies, investment funds, limited partnerships and structured finance entities.

Insurance & Reinsurance: Campbells is recognised as holding a leading position among law firms in the insurance/reinsurance sector in the Cayman Islands and heads the market in both contentious and non-contentious insurance matters. Their practice includes corporate and regulatory work for insurers and reinsurers, whether captive or otherwise; advising local insurers on domestic insurance law matters; assisting in dispute resolution; and advising special purpose insurance companies, such as catastrophe bond issuers and finite risk vehicles.

Investment Funds: Campbells’ investment funds practice works with many of the leading onshore attorneys and investment managers on both hedge fund and private equity/venture capital matters, ranging from start-up manager to managers in the >US$1 billion AUM category. They have extensive expertise of all key structures, including master-feeder structures, multi-class funds and segregated portfolio company structures, as well as experience advising on investment fund financing, the use of derivate products and related matters. They have a reputation for being at the forefront of emerging issues and working with advisors in other jurisdictions to devise cutting-edge responses. They are also recognised for their excellent advisory capacity, particularly for fund corporate governance and distress scenarios.

Litigation: Campbells is widely recognised for the strength of its litigation practice. They have one of the largest specialist litigation teams, and routinely act in the most significant, high-value and complex disputes in both the Cayman Islands and the British Virgin Islands. They provide a full suite of litigation and dispute resolution services to a diverse, international client bases from their offices in Cayman, BVI and Hong Kong. Campbells has a wealth of experience spanning a broad range of disputes, with particular expertise in investment fund disputes, trust litigation, asset tracing, shareholder disputes and dissenting shareholder fair value petitions. Their clients range from large international, financial and trading organisations to liquidators and trustees in bankruptcy of international and local entities, participants in investment and trust structures, family offices and government agencies. Litigators at the firm regularly appear before the Grand Court, Court of Appeal and Privy Council.

Private Equity & Venture Capital: Campbells has extensive experience advising on the formation of private equity and venture capital funds and all stages of the life-cycle of investments made by such funds, including implementing the investment structures utilised for underlying investments and listing and M&A transactions in respect of portfolio investments. They are regularly involved in the establishment and maintenance of fund vehicles for numerous high profile investment managers and investment/financing transactions related to underlying entities, with a particular focus on investments in information and environmental technology and investment into Brazil, China and India.

Real Estate & Local Practice: Campbells handles all aspects of property transactional work from sales and purchase to conveyance and related residential and commercial financing both for individuals and corporations. They work with developers, financial institutions, relators and property managers from initial stages of purchase, planning, development, financing projects (either for lending institution(s) or developer) to the ultimate completion of the transaction.

Shipping & Aviation: Campbells advises some of the world’s principal shipping companies, airlines, financial institutions and lessors. They have considerable expertise in all areas of asset finance, specialising in securitisation transactions and ship and aircraft financing (involving the establishment of special purpose offshore companies and other vehicles, such as exempted limited partnerships).

Support Services: Campbells Corporate Services Limited (CCSL) holds a trust licence issued by the Cayman Islands Monetary Authority and provides a full suite of entity administration, regulatory and trustee services.

Trusts: Campbells has wide ranging experience in all aspects of commercial and private trusts including: trust formation and advising on the regulatory requirements and operational requirements related thereto; trust structures for the purposes of taking security or securitisation; pension trusts; STAR trusts; fixed interest and discretionary trusts; reversed power trusts; removal of trustees; recertification of trusts and the establishment of private trust companies.

Department Name Email Telephone
Corporate Alan Craig acraig@campbellslegal.com +1 345 914 5864
Litigation, Insolvency & Restructuring Guy Manning gmanning@campbellslegal.com +1 345 914 5868
Photo Name Position Profile
 Alan Craig  photo Alan Craig Partner, Head of Corporate
 Liam Faulkner photo Liam Faulkner Partner
 Mark Goodman  photo Mark Goodman Partner
Mr Paul Kennedy photo Mr Paul Kennedy Partner
 Lily Lee  photo Lily Lee Partner
Mr Damien Magee photo Mr Damien Magee Partner
 Guy Manning  photo Guy Manning Partner, Head of Litigation, Insolvency & Restructuring
 Andrew Pullinger  photo Andrew Pullinger Partner
 Charlie Pywell photo Charlie Pywell Partner
 Richard Spencer  photo Richard Spencer Partner
 Simon Thomas  photo Simon Thomas Partner
 John Wolf  photo John Wolf Managing Partner
Number of partners : 15
Number of fee earners : 27
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Meritas
World Law Group (WLG)