Richard Spencer - Partner, Campbells Grand Cayman - Corporate Law


Richard is a partner in our Corporate Department. He is the “go-to Cayman and BVI lawyer for the crypto industry” (Chambers & Partners), and his practice also covers investment funds, cross-border mergers and acquisitions, joint ventures, equity capital markets and corporate finance.

Richard represents hedge fund managers and private equity firms on the structuring, formation, regulation and ongoing operation of Cayman Islands investment funds with a wide array of asset classes, from cryptocurrencies and other digital assets to real estate and debt. He also advises fund investors and service providers on both routine and complex investment fund related matters. Richard advises on a wide variety of corporate transactions, including cross-border mergers and acquisitions, joint ventures, stock market listings, shareholder arrangements, group reorganisations and downstream transactions. He regularly assists emerging growth companies and established technology companies with their group structuring, offshore IP ownership and fundraising. He also advises clients on a range of finance matters, including fund financing and debt listings on the Cayman Islands Stock Exchange. Richard joined Campbells in 2014.


  • Investment funds
  • Mergers and acquisitions
  • Joint ventures
  • Equity capital markets
  • Corporate finance
  • Asset finance

Work Highlights

  • Advising Barrick Gold Corporation and its affiliates on its Cayman Islands joint venture arrangement with Shandong Gold Mining Co., Ltd. in respect of the Veladero gold mine in Argentina.
  • Advising Hark Capital on the set up and launch of its closed-ended Cayman Islands debt fund.

Qualifications and Admissions

  • Attorney at Law Cayman Islands, 2014
  • England & Wales, Solicitor, 2006 (non-practising)
  • Nottingham Law School, Legal Practice Course (with distinction), 2003
  • University of Oxford, Jurisprudence, 2002
  • Solicitor of the Eastern Caribbean Supreme Court (British Virgin Islands)

Prior Career History

  • Ogier
  • Ashurst

Professional Associations

  •  AIMA Cayman Executive Committee (Member Representative)
  • Blockchain Association of the Cayman Islands (Founding Director)

Publications and News


Client Advisories

  • The BVI Virtual Assets Service Providers Act, 2022 comes into force.
    Following our client advisory issued on 11 January 2023, the BVI Virtual Assets Service Providers Act, 2022 (the “VASP Act”) will come into force on 1 February 2023. 
  • The British Virgin Islands Virtual Assets Service Providers Act, 2022.
    BVI has become one of the leading jurisdictions for the establishment of virtual asset legal structures over recent years, and the enactment of the VASP Act demonstrates the BVI’s commitment to the virtual asset sector. 
  • New deregistration rules for Cayman Islands regulated funds.
    CIMA has recently issued an updated rule and regulatory procedure in respect of the cancellation of licenses or certificates of registration for regulated mutual funds and registered private funds respectively.
  • Implications of the BVI Data Protection Act for Investment Funds.
    The Data Protection Act, 2021 (the “Act”) was brought into force in the BVI with immediate effect on 9 July 2021 and introduces, for the first time in the British Virgin Islands, a legislative framework for data protection based on a set of internationally recognised privacy principles.  The Act provides that its objects are to: - safeguard personal data processed by public bodies and private bodies by balancing the necessity of processing the personal data and protecting personal data from unlawful processing; and - promote transparency and accountability in the processing of personal data.