Appleby > Grand Cayman, Cayman Islands > Firm Profile

Appleby
CLIFTON HOUSE, 71 FORT STREET
PO BOX 190
GRAND CAYMAN KY1-1104
Cayman Islands

Cayman Islands > Banking, finance and capital markets Tier 1

Steered by private equity specialist Simon Raftopoulos and structured finance lead Benjamin Woolf, Appleby is routinely sought out by a deep roster of blue-chip underwriters, which turn to the firm for its significant position in CLOs, SPACs, and lender-side fund financing deals. Liesl Richter is a key port of call for clients seeking assistance with respect to CLO transactions, subscription financings, and debt and equity offerings. Jacob MacAdam‘s broad practice encompasses leveraged buyouts and capital markets deals, while Caroline Barton is noted for her expertise in aircraft and vessel financings. Georgina Pullinger regularly works with a litany of major financial institutions on cross-border lending transactions, while global SPACs co-chair Dean Bennett underpins the team’s equity offerings practice. Anna-Lise Wisdom has left the firm.

Key clients

Artisan Acquisition Corp.

Trane Technologies plc

Deutsche Bank AG, London Branch

JPMORGAN CHASE BANK, N.A.

Oaktree Capital Management Group.

EAST WEST BANK

GOLDMAN SACHS BANK USA

FIRST REPUBLIC BANK

CITIBANK, N.A.

JPMORGAN CHASE BANK, N.A.

MACQUARIE BANK LIMITED

Société Générale

JPMORGAN CHASE BANK, N.A.

Endurance Acquisition Corp.

Golub Capital Partners CLO 49(M), L.P.

TradeDepot Inc.

SMBC Aviation Capital Limited

KKR CLO 39 Ltd.

OSD CLO 2021-23, Ltd.

Atlas Senior Loan Fund XVIII, Ltd.

OCP CLO 2015-10, Ltd.

CBAM 2019-11R, Ltd.

Capital Four US CLO I Ltd.

Beechwood Park CLO, Ltd.

Apex Credit CLO 2020 Ltd.

Cornershop

JPMORGAN CHASE BANK, N.A.

Kuvare Life Re Ltd.

Alvotech Holdings S.A.

Work highlights

  • Acted as Cayman counsel to Artisan Acquisition Corp. on its de-SPAC business combination with Prenetics Group Limited, creating Hong Kong’s first unicorn to list on NASDAQ.

Cayman Islands > Real estate Tier 1

Drawing significant praise on account of its ‘sound knowledge and tremendous care‘ with clients, the ‘phenomenal‘ team at Appleby handles a formidable volume of high-value commercial, residential and infrastructure-based developments, unrivalled in the Cayman Islands. The ‘preeminentNorman Klein possesses decades of experience in real estate and financing matters, acting for a number of leading banks, hoteliers and property developers on all manner of deals. Adam Johnson also draws superlative praise from clients for his ‘incredibly knowledgeable and responsive‘ real estate practice, particularly in relation to tourism sector ventures and large-scale infrastructure ventures. ‘Fantastic‘ senior associate Tim Swallow is noted for his expertise in commercial leasing matters. Associate Sarah Ryan – who splits her time between the Cayman Islands and Hong Kong – specialises in hospitality and tourism projects.

Practice head(s):

Other key lawyers:

Testimonials

‘An excellent team. Norman Klein is a well respected and excellent practitioner and is widely regarded as the preeminent real estate attorney in Cayman.’

‘Adam Johnson is absolutely superb. Second to none in terms of knowledge, commerciality, and his rapport with clients and fellow attorneys.’

‘Tim Swallow is a fantastic addition to the team – he is extremely competent and a pleasure to deal with.’

‘Always super professional and chiefly concerned with developing long-term relationships with their clients.’

‘Adam Johnson is a very professional and honest lawyer with a great skillset and excellent knowledge.’

‘A phenomenal team who navigate complex real estate transactions with ease, sound knowledge, and tremendous care. Excellent response times.’

‘Adam Johnson is by far the best real estate attorney in Cayman. Incredibly knowledgeable and responsive.’

‘Collaboration within and with outside partners is second to none, ensuring their clients receive the best when it comes to strategic structuring of the deals, foresight, and timeliness.’

Key clients

ONE GT Limited

Cayman National Bank Ltd and Republic Bank Limited

RBC House Limited; RBC Royal Bank (Cayman) Limited

FirstCaribbean International Bank (Cayman) Limited

The Proprietors, Strata Plan No. 62

Aqua Bay Condominium Redevelopment Committee

Dart Group

Barkers Beach Ltd.

Emerald Isle Holdings Ltd.

Work highlights

  • Advising the Lacovia strata corporation with respect to its redevelopment project, comprising almost 100 new condominiums to be developed over three buildings on the site of the former Lacovia condominiums, valued in excess of $180m.
  • Advised FirstCaribbean International Bank (Cayman) Limited on the real estate and project financing provided to Health City Cayman Islands for purposes of the development of a new hospital.
  • Representing the developer of ONE|GT, a landmark and first-of-its kind development in the capital comprising a boutique hotel, residences, piazza café, signature terrace restaurant and rooftop bar.

Cayman Islands > Trusts/private client Tier 1

Drawing on a global network of offices that spans from the Channel Islands to Hong Kong, Appleby regularly works with a litany of high-net-worth clients on multi-jurisdictional trust disputes, including trials taken before the Grand Court. On the non-contentious side, the team is also well-versed in cross-border trust formations, structurings, and general administration matters. Global group head Carlos De Serpa Pimentel is a veteran trust litigator with considerable experience in hostile beneficiary and trustee disputes, restructuring proceedings, and contentious estate and probate matters. Sebastian Said is regarded for the depth of his contentious trusts practice, with recent highlights including big-ticket proceedings brought in the Financial Services Division of the Grand Court. Counsel Esmond Brown focuses on the establishment and administration of Cayman Islands trusts and foundation companies.

Practice head(s):

Other key lawyers:

Testimonials

‘Extremely knowledgeable and practical.’

‘Carlos de Serpa Pimentel is very experienced and able to work on the most complex matters.’

‘Esmond Brown is incredibly practical in his advice, which he shares in a simple and concise manner.’

‘Great people who know their stuff and are very well-connected in Cayman.’

Key clients

Cayman National Trust Co Ltd

Cayman Islands Chamber of Commerce Pension Plan Trustees

Maples Trustee Services

Work highlights

  • Acted for Cayman National as the Former Trustee of the Poulton Family Trust in respect of hostile proceedings brought in the Financial Services Division of the Grand Court by the adult children of the settlor and beneficiaries who were excluded from the Trust by the Settlor and Protector of the Trust in 2016.
  • Advising the Cayman Islands Chamber of Commerce as trustee of the Chamber’s Pension Plan for all employees resident in the Cayman Islands.
  • Advised Maples Trustee Services (Cayman) Limited on the establishment of a new Cayman Islands trust of which it was appointed trustee.

Cayman Islands > Dispute resolution Tier 2

Appleby‘s ‘excellent strength across the whole team‘ ensures that it is sought out by a stellar lineup of international corporate clients for representation in high-stakes fund disputes, winding up proceedings, and contractual enforcement matters. Newly appointed practice chair Tony Heaver-Wren has most recently helmed a number of contentious insolvencies and restructurings, appearing on behalf of clients in schemes of company arrangement and contested liquidation hearings. The ‘standoutSebastian Said is widely regarded for his advocacy in international commercial litigation, with recent engagements including hostile trust proceedings and defending insurance claims before the Cayman courts. David Lee regularly handles big-ticket investment fund disputes for various foreign clients, while counsel Andrew Jackson is noted for his expertise in appraisal actions. Senior associate David Lewis-Hall is also recommended and former practice head Peter McMaster KC still contributes to the practice.

Practice head(s):

Testimonials

‘Excellent strength across the whole team, no weak links. Collaborative and client focused, attention to detail and maximising deliverables.’

‘Sebastian Said is a standout. Excellent grasp of complex issues and able to apply strong legal analysis to any factual scenario.’

‘Tony Heaver-Wren – keeps winning cases. David Lee – tactically very switched on, particularly forensic oriented. Sebastian Said – that his competitors hire him for their negligence claims speaks volumes; perfect in a tricky spot.’

Key clients

Global Fidelity Bank

China National Building Materials

Ennismore Fund Management Limited

China Resources and Transport Group Ltd

Cayman National Trust Co Ltd

The Liquidation Committee of Direct Lending Income Feeder Fund (In Official Liquidation)

Cayman Shores Development

Credit Suisse London Nominees Limited

Cayman Islands > Corporate and commercial Tier 3

Steered by corporate finance and PE specialist Simon Raftopoulos and structured finance head Benjamin Woolf, Appleby‘s cross-disciplinary corporate and finance team works with a mix of institutional sponsors, public companies, and technology start-ups on a host of transactions. Caroline Barton – group head of both the banking and asset finance, and transport and logistics teams – advises widely on buyer-side transactions, while Jacob MacAdam is especially well-regarded for his corporate finance and regulatory expertise. Counsel Dean Bennett co-heads the global SPACs group, while Liesl Richter focuses on CLO transactions.

Testimonials

‘Jacob MacAdam provides high-quality, commercial, attentive and responsive advice. Always a real gentleman. A pleasure to deal with.’

Key clients

Artisan Acquisition Corp.

Trane Technologies plc

Deutsche Bank AG, London Branch

JPMORGAN CHASE BANK, N.A.

Oaktree Capital Management Group.

EAST WEST BANK

GOLDMAN SACHS BANK USA

FIRST REPUBLIC BANK

CITIBANK, N.A.

JPMORGAN CHASE BANK, N.A.

MACQUARIE BANK LIMITED

Société Générale

JPMORGAN CHASE BANK, N.A.

Endurance Acquisition Corp.

Golub Capital Partners CLO 49(M), L.P.

TradeDepot Inc.

SMBC Aviation Capital Limited

KKR CLO 39 Ltd.

OSD CLO 2021-23, Ltd.

Atlas Senior Loan Fund XVIII, Ltd.

OCP CLO 2015-10, Ltd.

CBAM 2019-11R, Ltd.

Capital Four US CLO I Ltd.

Beechwood Park CLO, Ltd.

Apex Credit CLO 2020 Ltd.

Cornershop

JPMORGAN CHASE BANK, N.A.

Kuvare Life Re Ltd.

Alvotech Holdings S.A.

Work highlights

  • Acted as Cayman counsel to Oaktree Capital Management Group in relation to a secured notes transaction with certain international companies to finance FC Inter.
  • Acted as Cayman counsel to Artisan Acquisition Corp. on its de-SPAC business combination with Hong Kong biotech company Prenetics Group Limited, creating Hong Kong’s first unicorn to list on NASDAQ.
  • Advised Trane Technologies in connection with its listing of a $2.4bn interest bearing promissory note on the Cayman Islands Stock Exchange.

Cayman Islands > Insurance/reinsurance Tier 3

With a particularly active reinsurance practice, Appleby works with a variety of blue-chip international entities on a mix of corporate, financing and regulatory matters. Practice head Simon Raftopoulos‘ recent highlights include cross-border compliance reviews and credit facility negotiations, while Jacob MacAdam is noted for his capabilities in structuring, establishing and licensing insurance companies. Senior associate Dean Bennett specialises in restructurings, schemes of arrangements, and enforcement issues, while Appolina Bent is recommended for regulatory matters.

Practice head(s):

Testimonials

‘The Appleby team are incredibly responsive and work well under pressure.’

‘Jacob MacAdam provides consistently sound advice on complicated matters.’

Key clients

Brookfield Asset Management Inc.

Brickell Insurance Holdings LLC

Kuvare Life Re Ltd.

Work highlights

  • Acted as Cayman counsel to Brookfield Asset Management in connection with the incorporation of a Cayman Islands exempted company as a regulated reinsurance vehicle, the licensing of the reinsurer with the Cayman Islands Monetary Authority (CIMA), and the conversion of the reinsurer into a segregated portfolio company.
  • Acted as Cayman Islands legal counsel to Brickell Insurance Holdings PC LLC.

Cayman Islands > Regulatory and compliance Tier 3

Drawing on close ties with its wider global network of offices, Appleby‘s cross-practice regulatory group is particularly noted for its expertise in privacy, data protection and cybersecurity matters. The team is jointly chaired by global technology and innovation head Peter Colegate; local corporate practice head Simon Raftopoulos, and financial services expert Jacob MacAdam. Senior associate Miriam Smyth is experienced in liaising with financial regulators on information requests, risk mitigation and remediation matters. Counsel Menelik Miller, who joined the team from the Cayman Islands Monetary Authority (CIMA) in March 2022, is also recommended for his far-reaching financial services expertise.

Practice head(s):

Simon Raftopoulos; Jacob MacAdam; Peter Colegate;

Other key lawyers:

Testimonials

‘We were seeking help in the crypto assets space which is tricky to say the least, with the added wrinkle of Cayman Islands launching a new VASP regime there were not a lot of experts available to us. The team did extremely well.’

‘Peter Colegate is a stand out name.’

Key clients

Brookfield Asset Management Inc

North End Re (Cayman) SPC

Brickell PC Insurance Holdings LLC

Kasikornbank Public Company Limited

The Church of Jesus Christ of Latter-Day Saints

Work highlights

  • Obtained a judgment of the Grand Court of the Cayman Islands for the Strata Corporation of the prestigious Beachcomber Resort on Seven Mile Beach, which confirmed that certain information sought by one of the resort’s proprietors was personal data within the meaning of the Data Protection Act (DPA) and therefore all of the provisions of the DPA apply.
  • Acting as Cayman legal counsel to Brickell Insurance Holdings PC LLC, which is an affiliate of 777 Partners LLC, a Miami-based private investment company that invests across a number of high-growth verticals with a strong focus on financial services.
  • Acting as Cayman legal counsel on a regulatory compliance project being carried out by a leading Canadian financial institution for certain of its Cayman-based entities contained within that group.

Cayman Islands > Investment funds Tier 4

Drawing on its cross-disciplinary ties with the firm’s technology group, Appleby regularly works on the establishment and structuring of a variety of funds in the digital assets space, particularly in the Asian markets. Practice head Sailaja Alla is highly experienced in the structuring, formation and operation of all manner of fund platforms. Christian Victory‘s capabilities in mutual funds and private hedge funds encompasses FATCA compliance, shareholder rights, and bespoke share classes, while Sheila Crosby, who joined the team from Maples Group in October 2021, is recommended for her knowledge of corporate governance and regulatory compliance matters.

Practice head(s):

Sailaja Alla

Other key lawyers:

Isle of Man > Insurance and pensions

Appleby is one of the leading teams covering both insurance and reinsurance on the Isle of Man, especially regarding cross-border work involving jurisdictions such as Bermuda, British Virgin Islands, and Cayman Islands. The team is known for its work in regulatory compliance, establishment, book transfers, restructuring, and insurance disputes. Additionally, the pensions team offers cross-Crown Dependency advice in both Jersey and Guernsey. Practice head Juan Thornley leads on complex transactional work in the financial services sector. Garry Manley specialises in the sale and acquisition of insurance companies, as well as covering insurance regulatory matters, while counsel Michelle Brook deals with high-profile acquisitions.

Practice head(s):

Juan Thornley

Other key lawyers:

Testimonials

‘Appleby are consistent in their ability to support our business. They are committed, prepared and knowledgeable. They have excellent availability and ability to meet our business timelines. Appleby keep their experts appraised of industry changes including attending conferences so we can rely on their guidance. They have a network in other jurisdictions which allows them to respond to more complex cross-border/international queries.’

‘Garry Manley and Michelle Brook both have excellent people skills and their approach is calm and considered. They are experienced and highlight where the other’s experience may be beneficial to a situation under discussion.’

Key clients

Quilter plc

Monument Re

International Financial Group Limited

Work highlights

  • Acted as Isle of Man counsel to Quilter plc on the £483m sale of its international life insurance business.
  • Advised Monument Re Limited on its acquisition of Charles Taylor Group’s Isle of Man operations, including LCL International Life Assurance Company Limited.
  • Advised IFGL, the owner of the RL360, Friends Provident International and Ardan brands, on a deal in which international private equity firm Cinven will become its majority investor.

The firm: Appleby is a leading offshore law firm. The team of legal specialists advise global public and private companies, financial institutions and private individuals. Appleby is regularly recognised for its integrity and excellent client service, these are the values the firm prides itself on and are at the very core of its business.

Appleby’s global presence allows it to provide timely and comprehensive legal advice at the times that matter most to clients. Appleby is located in the key offshore jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius, and the Seychelles, as well as the international financial centres of Hong Kong and Shanghai. Appleby works with clients to achieve practical solutions whether in a single location or across multiple jurisdictions. Appleby is a full service law firm providing expert advice across corporate, dispute resolution, property, regulatory and private client and trusts practice areas.

Principal areas of work
Mergers and acquisitions: Appleby’s mergers and acquisitions team regularly works with FTSE 100 and Fortune 500 companies around the globe to help them deploy strategic growth and restructuring initiatives, whether involving single jurisdictions or complex multi-jurisdictional, multi-disciplinary transactions. They actively monitor M&A trends through their half-yearly Offshore-i report and their unique global presence means that they are able to advise clients on complex, cross-border transactions involving the offshore jurisdictions.

Regulatory: Appleby’s regulatory and compliance team is one of the world’s largest offshore, comprised of experts who not only have first-hand knowledge of local regulation, but who have in many cases, helped to shape it. Their team are skilled at putting technical regulatory information and decision-making in a commercial context, and clients know that they can assemble the team to deliver an international service, quickly and seamlessly.

Technology and innovation: Appleby’s multi-disciplinary technology and innovation group comprises experts from each of their ten offices to help businesses meet the new challenges and support clients across a broad range of emerging technologies including blockchain, virtual currencies, ICOs, data protection and financial technologies.

Banking and finance: Appleby’s banking and asset finance team are experienced in all aspects of law relating to banking, ship and aircraft registration and finance, asset backed finance and project and infrastructure finance. They provide advice to major banks and financial institutions, ship and aircraft owners, lessors, and lessees and have deep and trusted relationships with numerous international law firms, shipping groups and financial institutions around the world.

Funds: Appleby’s fund finance team are experts in advising banks and finance providers in the development of sophisticated financing solutions. The team are globally recognized as leaders in the fund finance sector and have advised on a variety of different financing structures involving funds that have ranged from a hundred million to billions of dollars in subscribed investor commitments.

Insolvency and restructuring: Appleby’s insolvency and testructuring team advise directors, institutional lenders, creditors (secured or unsecured), borrowers, or insolvency practitioners in large insolvencies that have offshore or cross-border elements. The team has extensive insolvency and restructuring experience across a wide range of industries, including retail, hospitality and leisure, healthcare, financial services, real estate and manufacturing.

Trust disputes: As family arrangements become more complex, trustees and beneficiaries are frequently being drawn into disputes which lead to court proceedings. Appleby’s talented, experienced and solution driven trust disputes team is committed to delivering the highest possible level of client service and regularly work together across their global locations to provide expert multi-jurisdictional advice.

Employment: Appleby’s specialist employment team provides advice on employment and immigration law to a range of global clients, including banks, financial services businesses, companies and directors, as well as their onshore legal advisers. With close ties to local governments, they are often consulted on, and help to share, new laws brought into force across the jurisdictions in which they operate.

Fraud and asset tracing: Appleby’s fraud and asset tracing team are experts in helping clients to trace and recover assets across international jurisdictions, regardless of where proceedings originate. Their clients include major financial institutions, multinational corporations, government agencies, state-owned corporations and high net worth individuals, who have been defrauded or have received the proceeds of fraud. They also advise directors and officers, and other service providers caught in the fallout of fraudulent activities.

Property: Appleby are a leading provider of property services in Bermuda, the Cayman Islands, Isle of Man and Jersey. Their property team provides expert legal advice on all aspects of commercial and residential property, including sales and purchases, leasing, development and property finance transactions. They are frequently recognised for their experience and excellent client service and are consistently ranked in the top tiers for property work. They regularly work directly with developers, investors, business occupiers, banking institutions and private individuals.

PC&T: Appleby’s private client and trust team provide trust and foundation services to private individuals, families, and fiduciary companies. They advise on all aspects of trust law, including the establishment, administration, restructuring and termination of private, charitable, and commercial trusts and foundations. They act in a personal capacity as Protector, Enforcer and Director (of Private Trust Companies) for a number of discretionary trusts and are frequently instructed by blue-chip trust institutions.

DepartmentNameEmailTelephone
Managing Partner Norman Kleinnklein@applebyglobal.com+1 345 814 2050
Local Corporate Practice Group Head Simon Raftopoulossraftopoulos@applebyglobal.com+1 345 814 2748
Corporate Benjamin Woolfbwoolf@applebyglobal.com+ 1 345 814 2006
Corporate Caroline Bartoncbarton@applebyglobal.com+1 345 814 2056
Corporate Georgina Pullingergpullinger@applebyglobal.com+1 345 814 2089
Corporate Jacob MacAdamjmacadam@applebyglobal.com+1 345 814 2016
Corporate Liesl Richterlrichter@applebyglobal.com+1 345 814 2728
Corporate, Funds & Investment Services Christian Victorycvictory@applebyglobal.com+1 345 814 2093
Corporate, Funds & Investment Services Sailaja Allasalla@applebyglobal.com+1 345 814 2054
Corporate, Funds & Investment Services Sheila Crosbyscrosby@applebyglobal.com+1 345-814-2074
Corporate, Property Adam Johnsonajohnson@applebyglobal.com+1 345 814 2983
Corporate, Technology & Innovation Peter Colegatepcolegate@applebyglobal.com+1 345 814 2745
Dispute Resolution Anthony Heaver-Wrentheaverwren@applebyglobal.com+1 345 814 2732
Dispute Resolution David Leedlee@applebyglobal.com+1 345 814 2083
Dispute Resolution Peter McMaster KCpmcmaster@applebyglobal.com+1 345 814 2795
Dispute Resolution Sebastian Saidssaid@applebyglobal.com+1 345 814 2766
Dispute Resolution Ulrich Payneupayne@applebyglobal.com+1 345 814 2026
Private Client & Trusts Carlos de Serpa Pimentelcpimentel@applebyglobal.com+1 345 814 2082
Number of partners : 18
Number of other fee-earners : 24
English
Main Contact : Norman Klein, Managing Partner
Other offices : Bermuda
Other offices : BVI
Other offices : Guernsey
Other offices : Isle of Man
Other offices : Jersey
Other offices : Mauritius
Other offices : Seychelles
Other offices : Shanghai
Other offices : Hong Kong