Campbells is pleased to announce that Mark Goodman has been admitted to the partnership as of 1 April 2015, as part of the firm’s overall growth plan for its rapidly expanding litigation, insolvency and restructuring practice.
Campbells represents LDK Solar, acting through its joint provisional liquidators, and a key subsidiary in the promulgation and implementation of schemes of arrangement which compromised claims of offshore creditors totalling over US$700m.
CorporateLiveWire 2015: Litigation & Dispute Resolution Roundtable provides in-depth analysis on the latest trends and recent developments. Managing Partner, Ross McDonough spoke with experts from around the world.
Campbells is pleased to announce the appointment of Lily Lee as Head of Property and Local Practice. Lily joined Campbells in 2013 and her practice specialises in property, estate and private client matters.
For the past three years Campbells has been the proud sponsor of the St Ignatius A-Level law programme. Each year we endeavour to identify new ways to enrich the programme for the students and to enhance their learning experience with our involvement.
In a recent decision of importance in the context of winding up petitions and proof of debt appeals, the Court of Appeal has clarified that the Cayman court may order that an impecunious corporate petitioner or appellant provide security for the respondent’s defence costs, irrespective of whether the petitioner/appellant is a foreign or a Cayman company.
The Cayman Islands’ Court of Appeal has overturned the first instance Weavering decision, which had held a hedge fund’s former non-executive directors liable for $111m on the basis they had acted with “wilful neglect and default” in failing to spot that the fund’s main “assets” were fictitious swap agreements purportedly worth $637 million, but which in fact were made with a related counterparty which had no assets to satisfy its liabilities under those agreements.
IFC Caribbean Editorial: Rules of Engagement – Cayman on the Front Foot. Article by Robert Searle, Partner and Norman Chan, Senior Associate, Campbells.
Ross McDonough, Mark Goodman and Rebecca Lloyd shed light on the recent decision of the Chief Justice concerning a ‘clawback’ claim by liquidators of an insolvent fund. The judge ruled that redeemed shareholders were allowed to keep their money despite the fund having been cash flow insolvent at the time they were paid.
Brian Child, Guy Manning and Ross McDonough summarise the recent decisions of the Privy Council in the Saad and Singularis cases and propose practical solutions to the issues currently existing for liquidators seeking information in relation to companies in liquidation in the Cayman Islands.