Stuarts Walker Hersant Humphries > George Town, Cayman Islands > Firm Profile

Stuarts Walker Hersant Humphries
Kensington House, 69 Dr. Roy’s Drive
P.0 Box 2510
Grand Cayman
KY1-1104
Cayman Islands

Cayman Islands > Banking, finance and capital markets Tier 4

A number of leading banks, business service providers, energy companies, and multinational conglomerates turn to Stuarts Walker Hersant Humphries for assistance in a diverse array of matters, ranging from SPACs to digital asset company formations. The team is jointly headed up by seasoned investment funds lead Chris Humphries and banking and regulatory practice chair Jonathan McLean, whose expertise is notably concentrated on aviation and shipping matters. Corporate head Megan Wright regularly works with clients on credit facility matters, particularly in the insurance and reinsurance arenas. Senior associate Simon Orriss focuses on the full life cycle of investment funds, as well as blockchain and fintech matters.

Other key lawyers:

Key clients

Avi8 Air Capital LLC

Cipher Bay

Digital Financial Exchange (DIFX)

Kensington Management Group

Work highlights

  • Working with Avi8 Air Capital LLC on the formation of a Cayman Islands SPAC and sponsor for the purpose of an initial public offering of its securities and advised on all Cayman Islands aspects of the IPO.
  • Worked with Cipher Bay on the formation of a SPC and a management company.
  • Acted for Digital Financial Exchange (DIFX) on the establishment of a Cayman Islands exempted company, DIFX to act as a crypto-currency exchange and registration as a virtual service provider under the Virtual Asset (Service Providers) Act (Revised) of the Cayman Islands.|

Cayman Islands > Corporate and commercial Tier 4

Stuarts Walker Hersant Humphries handles a diverse mix of mid-market transactions for a wide range of clients, including cross-border M&A, SPAC acquisitions, and restructurings. The ‘highly effectiveChris Humphries – who also heads up the firm’s fund and crypto practices – is a prolific adviser, whose recent engagements include multi-million-dollar cross-border deals in the corporate finance sector. Jonathan McLean specialises in banking and regulatory matters, while Megan Wright is recommended for her capabilities in the fintech, blockchain and cryptocurrency arenas. Senior associate Simon Orriss is also noted.

Practice head(s):

Testimonials

‘The team is highly responsive, always deals with matters expeditiously and communicates effectively with us.’

‘Chris Humphries is a highly effective external counsel and always get the job done.’

Key clients

NEA – InCarey

MHC SPV1

Kensington Management Group, Ltd.

Avi8 Air Capital LLC

AdvisorShares Managed Bitcoin CFC

BIAS (Cayman) Limited and BIAS Asset Management Ltd.

Cipher Bay

Digital Financial Exchange (DIFX)

GB Restaurant

Prototech Labs SEZC

Work highlights

  • Spearheaded the formation of a Cayman Islands SPAC (IPOAvi8 Air Capital LLC) and sponsor for the purpose of an IPO, with a value of $200m.

Cayman Islands > Investment funds Tier 4

Praised by clients as a ‘very responsive team with wide knowledge‘, Stuarts Walker Hersant Humphries regularly handles a diverse array of new fund registrations and formations, including master feeder arrangements, distressed funds and Islamic funds. ‘SuperstarChris Humphries is well regarded for his expertise in crypto fund matters, while Jonathan McLean, who heads up the banking and regulatory department, is noted for his knowledge of virtual asset regimes. Corporate chair Megan Wright and senior associate Simon Orriss are also recommended.

Practice head(s):

Other key lawyers:

Testimonials

‘Very responsive team with wide knowledge on funds-related issues, including crypto funds.’

‘Chris Humphries is a superstar. One of the premier crypto fund attorneys, having worked in the space for many years.’

Key clients

GD International Ltd

Lbank Group SPC

ChainLink Capital Management, LLC

Mariner Investment Group

Lanal LLC

Disruptive Tech Strategies

The Serenity Fund

Newmarket Capital

Xtellus Pre-IPO Fund (2021) Cayman, LP

Orchard Way Capital Partners, LP

Work highlights

  • Advised on the establishment of a registered private fund in the Cayman Islands as a segregated portfolio for a venture capital fund backed by Lbank, a crypto asset trading platform.
  • Advised on the establishment of the $200m ChainLink Luna Fund under the Private Funds Act.
  • Acted for Mariner Investment Group LLC, advising on the set-up, administration and operations of various Cayman funds.

Cayman Islands > Real estate Tier 4

Well regarded by clients for its ‘professional, prompt, and always available’ service, Stuarts Walker Hersant Humphries primarily advises private individuals and luxury residential developers on a range of residential property transactions. Multidisciplinary practice head Buck Grizzel is singled out for his responsiveness and knowledge of the local market. Banking and regulatory head Jonathan McLean is recommended for his expertise in leasing and property finance matters.

Practice head(s):

Other key lawyers:

Testimonials

‘Very professional, prompt, and always available.’

‘A small team that I have never had an issue with. Support has always been flawless.’

‘Buck Grizzel is very familiar with local real estate transactions and he makes the process easy for clients. He might be the most responsive legal professional I have interacted with.’

Key clients

Silver Thatch Heights Ltd.

Founded in 2002 by several leading attorneys in the Cayman Islands, Stuarts Walker Hersant Humphries is a client orientated firm offering a full range of corporate, commercial and litigation advice from our attorneys who have a wide range of experience in international transactions gained over many years.</p><p>Our attorneys have a proven track record in advising leading international law firms, insurance and reinsurance companies, banks, investment companies, trust companies, high-net-worth individuals and court appointed receivers in relation to capital markets and structured finance transactions, corporate and commercial law, insurance, investment funds, banking, insolvency, and corporate recovery. Other specialisations include marine, shipping, real estate and trusts.</p><p>The firm also has a strong litigation department with extensive expertise in business, financial and personal litigation with strong practice areas in civil litigation, criminal law/fraud and white collar crime, arbitration, [and] regulatory matters and liquidations.</p><p>The firm provides a full range of specialised fiduciary services through its affiliate, Stuarts Corporate Services Ltd.

DepartmentNameEmailTelephone
Corporate & Investment Funds Chris Humphrieschris.humphries@stuartslaw.com+1 345-814-7911
Litigation & Dispute Resolution Richard Annetterichard.annette@stuartslaw.com+1 345-814-7920
Corporate & Investment Funds Jonathan McLeanjon.mclean@stuartslaw.com+1 345-814-7930
Immigration & Local Business Buck Grizzelbuck.grizzel@stuartslaw.com+1 345-814-7919
PhotoNamePositionProfile
Richard Annette photoMr Richard AnnetteRichard is a Partner and Head of Litigation at Stuarts Walker Hersant…
Buck Grizzel photoMr Buck GrizzelHead of Local Business Buck has over twelve years specialist experience advising…
Andrew Hersant photoMr Andrew HersantChairman Andrew’s practice areas include investment funds, corporate finance, lending and restructuring.…
Chris Humphries photoMr Chris HumphriesChris is the Managing Director and Head of Funds at Stuarts Walker…
Jonathan  McLean photoMr Jonathan McLeanJon is a Partner and Head of the Banking and Regulatory Practice Groups at Stuarts…
Megan Wright photoMs Megan WrightMegan is a Partner and Head of the Corporate Practice Group at…
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Chris Humphries, Managing Director

Managing Director Chris Humphries explains what sets Stuarts Walker Hersant Humphries apart from its competitors and how the firm is adapting to clients’ changing needs.

What do you see as the main points that differentiate STUARTS WALKER HERSANT HUMPHRIES from your competitors?

Stuarts Walker Hersant Humphries has become recognised for its Cayman law expertise, pragmatism and client service within the investment funds and corporate markets. As an independent boutique law firm, we are able to provide clients with efficient, timely responses and deep local knowledge of Cayman’s evolving legal landscape. With over 20 years’ experience in funds and corporate law in the Cayman Islands, our team of award-winning lawyers provide custom, expert advice to clients from around the world. We pride ourselves on customer excellence, value and proficiency and are recognised as a trusted name in the investment funds and corporate legal practice space.

In particular, our Investment Funds Team, (which includes recognised leaders in their field) provides offshore legal advice to both investment funds and investment fund managers. We have a very well-established practice in this area. Chris Humphries (Managing Director and Head of the Funds Department) and Andrew Hersant (Chairman) together offer over 40 years’ experience in offshore investment funds, with many hundreds of funds registered, operated, and liquidated. Alongside them are Jonathan McLean (Partner), Megan Wright (Partner) and Simon Orriss (Senior Associate) – all of whom are notable practitioners in this area. Richard Annette (Partner & Head of Litigation) fulfills a very valuable role in supporting the Funds team as he handles all investment fund related litigation, including restructuring, liquidations, and the winding down of funds, etc. The fund litigation team also includes Shuvra Deb (Senior Associate) and Adam Russell-Knee (Senior Associate).

Which practices do you see growing in the next 12 months? What are the drivers behind that?

We have seen a significant growth in the cryptocurrency and blockchain space and anticipate this practice area will continue to grow. As technology evolves and continues to challenge traditional ways of doing business, we are starting to see major firms implement blockchain technology into their business models across a wide range of industries. Certain events and online payment platforms are also starting to accept cryptocurrency as an acceptable form of payment which will further change the landscape and drive the growing demand within the fintech, blockchain and cryptocurrency space.

Over the past four years Stuarts Walker Hersant Humphries has established itself as a leader in the fintech, blockchain and cryptocurrency space. We have formed many dozens of crypto funds for clients based all over the world. In doing so, the firm has produced innovative solutions for a new market. In this fast-moving industry the responsiveness of the firm and jurisdiction have been crucial.

In 2020-2021 we saw real challenges as the Cayman funds sector saw a huge increase in regulation. We had to act quickly in order to advise our clients of their obligations under the new Virtual Asset (Service Providers) Act and the related changes to the Private Funds Act and the Mutual Funds Act. That this regulatory expansion came during a global pandemic only increased the challenge. However, our firm, and the jurisdiction as a whole proved resilient and flexible and the regime has largely been implemented smoothly.

Our Fintech, Cryptocurrency and Blockchain Team include recognised leaders, Chris Humphries (Managing Director) and Jonathan McLean (Partner & Head of Banking and Regulatory); as well as Megan Wright (Partner & Head of Corporate) who has gained outstanding momentum in this space.

What’s the main change you’ve made in the firm that will benefit clients?

At Stuarts Walker Hersant Humphries, we have increased VoIP and video conference capabilities to facilitate better communication and relationships with clients and customers, especially during the Covid-19 Pandemic and to accommodate the changing hybrid work environment globally. These capabilities also provide increased accessibility to our lawyers and flexible timeframes which are especially beneficial to our international clients.

Stuarts Walker Hersant Humphries has also implemented a World Class Responsiveness initiative that all staff follow in order to allow for efficient communication and good time management skills with clients. This involves increasing response rates for all forms of client and customer communication (calls, emails, instant messages, social media, etc.). We have an organized system that works for our matters, clients and staff, and are proud of the success and progress this initiative has brought about in both client satisfaction and work-efficiency.

Is technology changing the way you interact with your clients, and the services you can provide them?

Technology is certainly changing the way we interact with clients at Stuarts Walker Hersant Humphries. Our new VoIP and video conferencing policy allows us to be more flexible and interactive with clients and software such as DocuSign allows us to increase response times and meet deadlines more effectively. We find that most of our international clients prefer video conference calls and the comfort of being able to work from home or while they are on the go.

We have also availed of video conferencing to provide legal updates to our clients which has improved communication and customer relationships.

Can you give us a practical example of how you have helped a client to add value to their business?

Stuarts Walker Hersant Humphries adds consistent value by establishing collective investment schemes that allows clients to raise the capital needed, operate at a profit, and adhere to the regulatory and compliance requirements of the Cayman Islands. Our proven track record in advising leading international Law Firms, Investment Managers, Investment Companies and High-Net-Worth individuals is a result of the deep understanding of our markets and the expertise of our team members.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

Clients look for stability and strategic direction from us and practical solutions to their circumstances. They want to know they are in good hands and are being given the most expert and up-to-date advice and guidance on what are often complex cross-jurisdictional legal matters.

We see Stuarts Walker Hersant Humphries growing and continuing to be a leader in the investment fund and corporate law space in the Cayman Islands and continuing to be at the forefront of leading-edge legislation in the Fintech, Cryptocurrency and Blockchain technology space.

Stuarts Promotes New Partners Richard Annette and Aaron Walker

Stuarts Walker Hersant Humphries, a leading Cayman Islands law firm, is pleased to announce that Richard Annette and Aaron Walker have been promoted as the firm’s newest partners, effective January 2018.