Corporate Recovery and Insolvency

This team is headed by the firm's partner, Laura Hatfield, described by Chambers Global as continuing "to impress clients and peers with her commercial dispute knowledge and expertise." The lawyers working in this team are generally regarded as some of the leaders in this field in Cayman and consist of 5 attorneys including a very experienced Queen's Counsel (Barrister). Our reputation is for dedication to providing timely, client focused, bespoke solutions that are commercially realistic and proportionate. We are a team of very experienced lawyers from both contentious and non-contentious backgrounds, marrying transactional with insolvency and re-structuring expertise.

We advise in relation to solvent restructurings, liquidations and regulatory appointments, usually with multi-jurisdictional aspects. The team also advises on collateral issues arising out of insolvency and restructuring such as continuing operation options, fiduciary duty claims, creditor claim processes and disputes, liquidation committee formation, duties and functions, and funding resources for liquidators.

We have also worked on creating Schemes of Arrangement, including in relation to captive insurance mergers, establishing NAVs in Hedge Fund NAV misstatement scenarios and establishing payment timetables for Banks depositor payments.

The majority of our work involves pooled investment vehicles with liquidity and /or solvency issues. We are often instructed by other insolvency practitioners based in the Cayman Islands. In addition, we are consulted by creditors, investors and counter parties concerned about a company’s financial situation or encountering problems with the company's management. We also work with leading US, UK and other offshore law firms dealing with insolvency issues to ensure the clients have access to advice in all necessary jurisdictions.

There are 4 members of the team, 2 with contentious backgrounds and 2 with a transactional work focus.

Examples of the high profile situations in which the Corporate Recovery and Insolvency team have been involved include Beacon Hill, Bear Stearns, Absolute Capital and Sphinx.