Tag Archives: Insolvency Cayman Islands
The HSM Group is pleased to announce that Kerrie Cox has rejoined HSM Chambers as a Partner to lead the firm’s Litigation and Insolvency practice.
Kerrie practiced as a Barrister in the UK for over 12 years, before being admitted as an attorney in the Cayman Islands in 2010. Recognised for his pragmatic approach in providing strategic legal counsel to his clients, Kerrie has acted for banks, high profile companies and individuals on a wide range of legal matters, including liquidations, complex contract negotiations, and dispute resolution. He has appeared as Lead Counsel in the courts of England & Wales, Gibraltar, British Virgin Islands as well as the Cayman Islands.
Additionally, Kerrie has acted as a Mediator in over 30 mediations (qualifying in 2003) in both family and commercial disputes. Acknowledged for his strong communication skills, attention to detail and proven ability to mitigate legal risk, he is adept at taking the lead in negotiating and resolving multilayered legal issues.
HSM Managing Partner, Huw Moses, OBE shares: “It is great to welcome back Kerrie to the HSM partnership. His expertise, both within our firm and beyond, brings tremendous value to our clients and team.”
Lexology’s Getting The Deal Through guides are a trusted resource and allows professionals to directly compare laws and regulations between jurisdictions.
HSM is pleased to have contributed to their Insolvency Litigation 2021 publication and provided insight into the Cayman Islands regime covering commencing proceedings; avoidance actions; claims against directors, officers and shareholders; creditor actions and strategic considerations; pre-insolvency debtor claims; other claims; cross-border proceedings; remedies and enforcement; settlement and mediation; update and trends.
Click here to view our online chapter at no cost.
Alternatively, you can download the PDF chapter by clicking the icon below:
Who’s Who Legal (WWL) has recommended HSM Partner Ian Lambert in their recently released 2021 Restructuring and Insolvency Guide (Cayman Islands).
Ian has been featured by WWL for the past several years and this is testament to the high quality of service he delivers to his clients. He has been with HSM since 2013 and has more than 15 years of experience in major, complex litigation cases, with significant concentration in the areas of insolvency/bankruptcy litigation, asset recovery, fraud litigation, trust litigation, commercial litigation and contract disputes.
WWL identifies the foremost legal practitioners in multiple areas of business law and recognition is based strictly on merit – you can’t buy entry into their publication. Recipients must be nominated for their expertise in the field by at least four independent sources, either from clients or peers.
Congratulations to our HSM Lawyer in the Cayman Islands, Ian Lambert.
Global Restructuring Review (GRR) has just released their GRR 100 2020 Guide and HSM has made its debut on this list. GRR 100 is an annual publication that features the world’s leading law firms for cross-border restructuring and insolvency matters.
HSM’s Restructuring and Insolvency practice is led by Partner Ian Lambert and has grown significantly over the last year, especially due to the demand in service caused by COVID-19. GRR notes that Ian “has chalked up many years’ experience in the Cayman Islands and Canada”. Ian was also recognised as a “Name to Know” in the Cayman Islands by GRR 2019.
HSM’s Senior Associate Adam Crane was referenced for his arrival to HSM in 2018 from Patterson Law and notes “Adam was named one of the 15 “rising stars” in the International Institute’s ninth annual NextGen leadership programme in June 2020.”
Sarah-Jane Allison (HSM Partner) and Shula Sbarro (Associate) were also highlighted as names to know.
HSM was one of five international firms that were newly added to this list. GRR states: “In its relatively short existence, HSM has played a role in some of the most high-profile matters playing out in the Cayman Islands, including the fraud trial of Saudi conglomerate Ahmad Hamad Al-Gosaibi & Brothers (AHAB) and the Singular is liquidation.”
This recognition testifies that HSM is a recommended firm for carrying out insolvency and restructuring work with an international dimension.
HSM’s Ian Lambert, Partner and Head of Litigation, Restructuring and Insolvency, has taken part in a Q&A covering insolvency trends in offshore jurisdictions alongside other experts in Burford Capital’s Q4 2020 report. Ian reviews the Cayman Islands and weighs in on the impacts of COVID-19.
Source – ‘Insolvency Experts Review Trends in Offshore Jurisdictions?’, The Burford Quarterly (No. 4 2020), pp.12-23: https://www.burfordcapital.com/insights/insights-container/2020-burford-quarterly-issue-4/.
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The HSM Group has experienced an increase in interest for their restructuring and insolvency services, especially from businesses facing financial issues from the COVID-19 crisis. To help keep up with the demand and maintain exceptional service, HSM has reallocated its lawyers to assist in this area of the firm.
HSM’s restructuring and insolvency Cayman Islands practice now comprises of Ian Lambert, Partner and Head of Litigation, Insolvency and Restructuring; Adam Crane, Senior Associate; Peter de Vere, Head of Corporate and Commercial; Sarah Allison, Senior Associate of Debt Solutions and Shula Sbarro, Associate of Debt Solutions.
Managing Partner at HSM, Huw Moses, feels that this shift will allow the focus to be on assisting clients and businesses amidst the upheaval in normal business practices in the Cayman Islands. “It is not business as usual during COVID-19,” commented Huw. “As a full-service law firm HSM is flexible and able to meet the new needs in these challenging times.”
Ian adds, “Overcoming debt is difficult even in the best of times. In a crisis, our restructuring and insolvency lawyers create and execute coordinated solutions in a timely manner. Using a holistic approach, we draw on local and multidisciplinary skills to provide advice on all aspects of restructuring and insolvency, as well as employment, immigration and corporate issues.”
Through a comprehensive and precise analysis of the situation, HSM’s lawyers can provide sound recommendations across domestic and cross-border restructurings, guidance on the wind-down process while maximising returns to owners and if necessary, provide representation for clients in the courtroom.
To help further assist the local market in the Cayman Islands, HSM will host a free videoconference course with the Cayman Islands Chamber of Commerce on business failure liability in relation to COVID-19. This course will take place on Friday, 29 May 2020 from 9am to 11am. Participants must express interest to the Chamber at Programmes@CaymanChamber.ky and request a link to sign up to receive a Zoom invitation.
Key Contact
Ian Lambert
Partner
Head of Litigation, Restructuring and Insolvency
Tel: 1 345 815 7421
ilambert@hsmoffice.com
Who’s Who Legal (WWL) has featured two HSM Lawyers in the Cayman Islands in their recently released 2019 Private Client Guide and 2020 Restructuring and Insolvency Guide.
Ian Lambert, HSM’s Partner, is recognised as a restructuring and insolvency expert.
Ian joined HSM as a Senior Associate in March 2013. He became a Partner in 2014. Ian is well-versed in numerous areas of litigation and specialises in insolvency, corporate recovery, fraud and commercial litigation.
Robert Mack, HSM’s Head of Private Clients and Trusts, is recognised as a private client expert.
Robert specialises in private and commercial trusts including purpose/STAR, reserved powers, unit, charitable and fixed interest trusts.
WWL identifies the foremost legal practitioners in multiple areas of business law and recognition is based strictly on merit – you can’t buy entry into their publication. Recipients must be nominated for their expertise in the field by at least four independent sources, either from clients or peers.
Congratulations to our HSM Lawyers in the Cayman Islands, Ian and Robert.
HSM is proud to be ranked in the 2019 assessment of notable law firms by Benchmark Litigation Latin America in the Cayman Islands.
This recognition highlights HSM’s ability to successfully handle litigation and dispute matters.
In addition to the firm being recognised, HSM Partners Ian Lambert and William Helfrecht have been featured as stars in the field by Benchmark Litigation along with Senior Associate Adam Crane, who has been featured as a future star.
Benchmark Litigation highlights HSM’s involvement in acting for the Joint Official Liquidators of six Cayman Islands Funds related to Bahraini Awal Bank BSC (AwalCos) – the longest trial ever litigated in the Cayman Islands. Click here to read more details.
Benchmark Litigation Latin America is known to be the definitive guide to the region’s leading litigation law firms and lawyers. They have been researching and publishing firms since 2008 and their coverage expands beyond Latin American to cover areas in the Unites States, Canada and most recently, Europe and the Asia-Pacific region.
Key Contacts:
Ian Lambert
Partner
ilambert@hsmoffice.com
Tel: +1 345 815 7421
William Helfrecht
Partner
whelfrecht@hsmoffice.com Tel: +1 345 815 7418
Adam Crane
Senior Associate
acrane@hsmoffice.com
Tel: +1 345 815 7364
Corporate INTL publishes notable businesses throughout the world and has recognised HSM as Insolvency Law Firm of the Year in the Cayman Islands in their 2019 Corporate INTL Magazine Global Awards.
Corporate INTL has been connecting business leaders, financiers and advisers from around the world since 2005. Research for their awards include extensive reviews not only in expertise, but in service. Their independent and editorial team researchers focus on service type, service range, business type, geographical location, how the business operates and the expertise each team can offer.
“This award is testament to our perseverance and high level of customer service,” says Ian Lambert, Litigation Partner at HSM. “We are always looking for innovative ways to assist clients and are proud to receive this award.”
HSM’s newest Senior Associate Adam Crane has been called to the Cayman Islands Bar on November 6, 2018.
Adam’s admission was moved by HSM Partner Ian Lambert, who summarised his qualifications for Justice Richard Williams. Adam hails from Nova Scotia, Canada and has substantive experience in commercial litigation, insolvency, restructuring and financial recovery matters.
Adam will focus on a wide range of civil litigation, acting for insolvency practitioners, banks, strata corporations and leading businesses based both in the Cayman Islands and overseas.
Managing Partner, Huw Moses, OBE notes: “Adam’s international experience is a real asset to our firm and we look forward to extending his services to our valued clients.”
L-R: HSM Partner, Ian Lambert; HSM Senior Associate, Adam Crane and Justice Richard Williams.
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