Stuarts Walker Hersant Humphries > George Town, Cayman Islands > Firm Profile
Stuarts Walker Hersant Humphries Offices
Kensington House, 69 Dr. Roy’s Drive
P.0 Box 2510
- Go to...
- Firm Profile
- Main Contacts
- Lawyer Profiles
- Press Releases
- Legal Developments
Stuarts Walker Hersant Humphries > The Legal 500 RankingsStuarts 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.
Avi8 Air Capital LLC
Digital Financial Exchange (DIFX)
Kensington Management Group
- 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.|
‘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.’
NEA – InCarey
Kensington Management Group, Ltd.
Avi8 Air Capital LLC
AdvisorShares Managed Bitcoin CFC
BIAS (Cayman) Limited and BIAS Asset Management Ltd.
Digital Financial Exchange (DIFX)
Prototech Labs SEZC
- 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.
‘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.’
GD International Ltd
Lbank Group SPC
ChainLink Capital Management, LLC
Mariner Investment Group
Disruptive Tech Strategies
The Serenity Fund
Xtellus Pre-IPO Fund (2021) Cayman, LP
Orchard Way Capital Partners, LP
- 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 4Well 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.
Other key lawyers:
‘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.’
Silver Thatch Heights Ltd.
Stuarts Walker Hersant Humphries > Firm Profile
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.
|Corporate & Investment Funds||Chris Humphriesfirstname.lastname@example.org||+1 345-814-7911|
|Litigation & Dispute Resolution||Richard Annetteemail@example.com||+1 345-814-7920|
|Corporate & Investment Funds||Jonathan McLeanfirstname.lastname@example.org||+1 345-814-7930|
|Immigration & Local Business||Buck Grizzelemail@example.com||+1 345-814-7919|
|Mr Richard Annette||Richard is a Partner and Head of Litigation at Stuarts Walker Hersant…||View Profile|
|Mr Buck Grizzel||Head of Local Business Buck has over twelve years specialist experience advising…||View Profile|
|Mr Andrew Hersant||Chairman Andrew’s practice areas include investment funds, corporate finance, lending and restructuring.…||View Profile|
|Mr Chris Humphries||Chris is the Managing Director and Head of Funds at Stuarts Walker…||View Profile|
|Mr Jonathan McLean||Jon is a Partner and Head of the Banking and Regulatory Practice Groups at Stuarts…||View Profile|
|Ms Megan Wright||Megan is a Partner and Head of the Corporate Practice Group at…||View Profile|
LanguagesEnglish Spanish French
Chris Humphries, Managing DirectorManaging 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.
Press Releases13th February 2018
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.
Legal Developments4th August 2022
The Cayman Islands has seen a significant rise in the number of fintech funds being established and is increasingly becoming the preferred jurisdictional choice for fund managers seeking to establish new funds investing in cryptocurrencies and blockchain products.
4th August 2022 The Cayman Islands Monetary Authority (the “Authority”) has advised that PART XA of the Anti-Money Laundering (Amendment) (No. 2) Regulations, 2020 (“AMLRs”), will commence effective 1 July 2022. Part XA of the AMLRs sets out the identification and record-keeping requirements relating to transfers of virtual assets.
4th August 2022
IntroductionThis Guidance Note sets out the registration and continuing obligations of a virtual asset service provider registered with, or licensed by, the Cayman Islands Monetary Authority (“CIMA”) under the Virtual Asset (Service Providers) Act, (2022 Revision) (the “VASPA”).
21st August 2020 The Virtual Asset (Service Providers) Law, 2020The Cayman Islands Government passed the Virtual Asset (Service Providers) Law, 2020 (the “Law”) on 25 May 2020. This was accompanied with updates to a number of other laws including the Monetary Authority (Amendment) (No.2) Law, 2020, the Securities Investment Business (Amendment) Law, 2020 (the “SIBL”), the Mutual Funds (Amendment) (No. 2) Law, 2020 (the “Mutual Funds Law”) and the Stock Exchange Company (Amendment) Law, 2020 (the “Stock Exchange Law”).
27th July 2020 On 7 July 2020, the Government of the Cayman Islands passed the Private Funds (Amendment) Law, 2020.
7th February 2020 On 8 January 2020, the Government of the Cayman Islands published a draft Private Funds Bill, 2020 (the “”) and simultaneously a draft Mutual Funds (Amendment) Bill, 2020 (the “” and together with the Private Funds Bill the " Bills").
7th February 2020 On 1 January 2019, the Cayman Islands introduced The International Tax Co-operation (Economic Substance) Law, 2018 (the “Law”). The Law has been issued in response to the Cayman Islands’ commitment to the global initiative to combat base erosion and profit shifting.
7th February 2020 The Cayman Islands Data Protection Law, 2017 (the "DPL"), came into effect on 30 September 2019.
19th July 2019 The International Tax Co-operation (Economic Substance) Law, 2018 (the “ES Law”) came into effect in the Cayman Islands on 1 January 2019, requiring in-scope entities that carry on particular activities to have demonstrable economic substance in the Cayman Islands.
16th July 2019 The following information relates to the enactment of The Cayman Islands Data Protection Law, 2017 ("DPL"), which came into effect on 30 September 2019.
16th July 2019 The following information relates to the enactment of The Mutual Funds Law (2019 Revision) and the subsequent commencement of related sections of The Mutual Funds (Amendment) Law 2015. The changes require certain funds to notify the Cayman Islands Monetary Authority if they are active in EU jurisdictions.
16th July 2019
Toby –v- Allianz Global Risks US Insurance Company, FSD 152 of 2013 (IMJ), Judgment delivered on 29 August 2018
16th July 2019 Security Token Offerings (“STOs”) are an extremely popular means of fundraising for new projects and utilise blockchain technology to do so. Whilst no specific legislation has been passed by the Cayman Islands Government in connection with STOs and cryptocurrencies, it would be incorrect to say that STOs are “unregulated”.
15th July 2019 Stuarts Walker Hersant Humphries, a leading Cayman Islands law firm, is pleased to announce that Caymanian, Jonathan McLean has been hired as the firm’s newest partner, effective July 2019.
20th December 2017
Initial Coin/Token Offerings (“ICOs”) are becoming an increasingly popular means of fundraising for new projects and utilise blockchain technology to do so.
21st July 2017
The Cayman Islands government has now introduced legislative changes which will require relevant companies (“Relevant Companies”) to prepare and maintain a register of beneficial owners (the “Register of Beneficial Owners”).