Campbells is widely recognised for its litigation strength and has particular expertise in investment funds disputes and all aspects of the liquidations of investment funds. Members of the department appear before the Grand Court, Court of Appeal and Privy Council and have been involved in numerous reported cases. Clients range from large international, financial and trading organisations to liquidators and trustees in bankruptcy of international and local entities, participants in investment and trust structures and Cayman Islands Government Agencies. In particular, we have substantial experience acting for liquidators, creditors and shareholders of distressed companies in cross border liquidations and corporate reorganisations, as well as acting for the local restructuring departments of the major accounting firms.
Our litigators also appear regularly as expert witnesses and speak at local and international conferences, and a number of our lawyers are admitted to practise in the BVI.
They're very, very good. We've had them argue matters against silks and they stand up just as well, if not better.
Ross McDonough has practised at the Cayman bar for over 20 years and is ranked band 1 in the Chambers and Partners Guide 2014. Alistair Walters earns praise for his vast contentious experience relating to banking, finance and trusts and is an accredited mediator and certified fraud examiner. Guy Manning is a specialist insolvency and investment fund litigator. Barrister Kirsten Houghton has a broad commercial dispute resolution practice and is a chartered arbitrator and also an accredited mediator.
Chambers and Partners
What the team is known for: Respected practice which assists clients with the full range of insolvency, shareholder and investment fund disputes. Noted for undertaking a significant amount of advocacy work and continues to be instructed on a high proportion of the Cayman Islands’ most significant cases.
Strengths (quotes mainly from clients)
“They’re very, very good. We’ve had them argue matters against silks and they stand up just as well, if not better.”
Defending HSBC entities acting as administrator and custodian in a USD2 billion claim against them by the liquidators of a Madoff feeder fund.
Represented the joint provisional liquidators of LDK Solar in its USD750 million debt restructuring.
Acted for ConocoPhillips China on enforcement proceedings relating to an arbitral award made against Green Dragon Gas in the Singapore International Arbitration Court.
Ross McDonough is an extremely well-respected advocate, with one source noting: “He is tactically perfect, and his advocacy is perfectly presented and persuasive.”
Guy Manning is “a very considered and technical lawyer; he accommodates innovative thinking and applies the law commercially.” He is noted for his insolvency and restructuring expertise.
Experienced litigator Alistair Walters can draw on more than 20 years’ experience in handling complex business and financial services litigation and insolvency cases, and remains a pivotal member of the team.
Mark Goodman impresses clients, who say: “He’s excellent, extremely commercial and hard-working,” and “his advocacy is also very good – he’s one of the top younger lawyers.”
Campbells has “an excellent reputation for fund and shareholder disputes as well as for insolvency and restructuring.” The team served as Cayman legal counsel to defend the Portuguese Republic in proceedings brought against it by Banco Privado Portugues (Cayman) (In Official Liquidation) pursuant to transactions entered into prior to its collapse. Head of litigation Guy Manning is highly rated, as are Alistair Walters, Mark Goodman and Andrew Pullinger.