Richard Addlestone
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Richard Addlestone


 

Partner

+1 345-949-0488

 

Admitted to bar, 1993, England as a solicitor (does not practice as an English solicitor); 2001, Cayman Islands as an Attorney at law.

Education: Leeds Metropolitan University, England (1990); Manchester University (1989).

Member: The Law Society of England and Wales; Cayman Islands Law Society.

Language: English, Hebrew.

Practice Areas: Investment Funds, Banking, Finance, Energy, Mergers and Acquisitions, Captive Insurance and Reinsurance; general corporate and commercial law.

 


Richard joined the firm in 2013. He has been an Attorney in the Cayman Islands since 2001.  Richard has undertaken a wide range of offshore corporate/commercial work but has focused in particular on hedge funds and private equity as well as banking and finance, energy and captive insurance and reinsurance.

He is an honours graduate in law from Manchester University, England and qualified as a solicitor in England in 1993. On qualification, he joined Paisner & Co (now Berwin Leighton Paisner). He went on to work at LeBoeuf Lamb Greene & MacRae and then Denton Wilde Sapte (now Dentons) in London. During his 10 years in London, Richard undertook a wide range of corporate and commercial work including a large number of cross border and UK domestic mergers and acquisitions and joint ventures. He also advised clients on infrastructure projects including oil and gas exploration and development, build own and operate projects for port and pipeline developments and also power station and desalination projects. For three years, Richard advised the government of the Sultanate of Oman on the privatization of its power and water sector including in relation to the tender, bid evaluation and award of several power station development projects. He led the team on the Omani Barka power and desalination project in Oman, which won the award for the top power project in 2001.

Richard was a partner in the Walkers private equity team until 2010 and then a partner in Appleby’s Fund and Investment Services Team where he advised some of the top 10 US managers as well as mid market and start up managers on formation and transactional work. He has also advised private equity managers and financial institutions on subscription finance, acquisition finance and dividend financings.  On the hedge fund side, Richard has advised managers and investors on all aspects of hedge funds including formation, restructuring and transactional work. He has also advised financial institutions on fund of fund financings. Richard has been recognized for his experience in private equity and hedge funds in the Legal 500 and IFLR 1000.

Richard was also a member of the insurance teams at Walkers and Appleby where he focused on offshore captives and sidecars. His work in that area included preparing constitutional documents, shareholders’ agreements, participation agreements and subscription agreements, establishing segregated portfolio companies, advising on insurance regulatory issues and advising on corporate reorganizations of offshore captives. He has also advised financial institutions in relation to secured lending facilities for offshore captives. He advised the Cayman vehicle on the Monte Fort Re sidecar.

Richard has contributed to various offshore publications, spoken at conferences and been quoted a number of times in the Wall Street Journal and other media.

In addition to being a member of the Cayman Islands Law Society, he is a solicitor of the Supreme Court of England and Wales. He has been a member of the AIMA Cayman executive board also serving on the legal and regulatory sub-committee. 

Richard  was appointed a member of AIMA’s Sound Practices Committee in August 2014. The committee’s terms of reference are to provide strategic guidance, and oversight into the production of AIMA’s sound practices and industry guidance products, focusing on two objectives: (i) the development of industry sound practices in the absence of any formal legislation and policy and (ii) detailed practical guidance of the various regulatory changes impacting on (all aspects of) the hedge fund industry.
 

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