Alistair J Walters - Partner, Campbells Grand Cayman - Litigation

Overview

For over 25 years Alistair has advised clients on complex financial services, business and insolvency related disputes, regulatory matters and internal investigations. Alistair qualified as an English solicitor in 1990 and worked in the City of London until joining Campbells in 1999.

Expertise

  • Litigation
  • Bankruptcy and restructuring particularly in the area of investment funds and capital markets structures
  • Compliance, internal investigations and regulation
  • Contentious issues relating to Distributed Ledger Technology, Smart Contracts and ICO’s.

Work Highlights

  • Advising the independent party controlling many of the limited partnership structures established and managed by the within the Abraaj Group. Until 2018, the Abraaj Group, based in Dubai, was the largest private equity investment manager in the Middle East with more than US$14bn under management. The founder, Arif Naqvi, has been accused of falsifying the group’s performance leading to its collapse and official liquidation of key parts of the structure.
  • Advising Bank of Bermuda (Cayman) Limited and HSBC Securities Services (Luxembourg) SA as the administrator and custodian respectively of the Madoff run Primeo Fund in connection with proceedings brought against them by the liquidators of Primeo in the Grand Court of the Cayman Islands. The proceedings involved very substantial claims with complex issues of fact, Cayman Islands and foreign law.
  • Substantial local and cross border regulatory matters and investigations involving parties subject to legal proceedings and under close scrutiny by multiple local and overseas governmental, regulatory and law enforcement agencies including the US Senate Permanent Sub-Committee on Investigations.
  • Advising DPM Mellon as administrator of the SPhinX Funds, a group of Cayman-registered hedge funds which had AUM of approximately US$2bn which were forced into liquidation by the failure of commodities broker, Refco Inc. The liquidation proceedings in the Cayman Islands ended with a complex scheme of arrangement approved by the Grand Court.

Qualifications and Admissions

  • Solicitor of the Supreme Court (England & Wales) 1990 (non-practising)
  • Attorney at Law Cayman Islands, 1999
  • Solicitor, Eastern Caribbean Supreme Court (BVI), 2013 (non-practising)
  • Certified Fraud Examiner
  • Certified Mediator
  • Certifications in Blockchain/Distributed Ledger Technology, Smart Contracts and FinTech Risk Management

Prior Career History

  • DLA Piper, London

Professional Associations

  • Cayman Islands Law Society
  • Association of Business Recovery Professionals R3
  • Chairman, Cayman Islands Association of Mediators and Arbitrators
  • Former Chairman of the Cayman Islands Human Rights Commission
  • Past president of the Cayman Islands Compliance Association (1999 – 2003)

Recognition and Awards

  • Chairman of the Trade and Business Licence Appeals Tribunal.
  • Former Chairman of the Cayman Islands Human Rights Commission
  • Chambers Global 2017 states that clients value Alistair “for giving the legal perspectives with the business option.  He is a good person to get straight advice from that is more than just legal advice – my first stop for any problem.”
  • Chambers Global 2016 makes note that “He has a good sense of how to protect the client’s interests.”
  • Chambers Global 2015 describes Alistair as an “experienced litigator” who “can draw on more than 20 years’ experience in handling complex business and financial services litigation and insolvency cases”.
  • Alistair is listed in the Expert Guides published by the International Financial Law Review as an expert in the area of Insolvency and Restructuring and is recognised by The Practical Law Company (PLC) in the area of dispute resolution.

Publications and News

  • A practical guide to identifying advance fee and prime bank fraud (Sweet & Maxwell 1995)
  • Various journal and news articles on law, finance and regulation