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.
The 2015 Chambers rankings for the firm’s litigation department comment as follows:
What the team is known for: A distinguished group of litigators with a formidable reputation for top-notch capabilities and client service. Regularly handles some of the largest insolvency and restructuring cases in the market. Continues to bolster its offering with the addition of litigators to the team.
Strengths (quotes mainly from clients)
“They consistently punch above their weight – they are very strong and capable lawyers.”
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.
Managing partner 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.”
Legal 500, 2014:
Campbells’ ‘lawyers are very responsive and provide good value for money‘. The practice acted for the joint provisional liquidators (JPLs) of LDK Solar, a producer of components that are used in the generation of solar energy; the JPLs were appointed to propose an arrangement to creditors to restructure the group’s offshore debt of over US$700 million. It also represented DPM Mellon as a contingent creditor in the liquidation of SPhinX Funds, a complex, segregated portfolio structure. Litigation head Ross McDonough is ‘knowledgeable, responsive and efficient‘. Alistair Walters and Guy Manning are also recommended.