As an important aspect of the Cayman Islands' status as a tax neutral, sophisticated, international, offshore centre, many corporations, businesses, transactional and investment vehicles/SPV's are either registered in the Cayman Islands or are part of a group structure which has ultimate or intermediate holding companies registered here.

As a result of factors including adverse movements in financial markets, disputes, trading difficulties, regulatory intervention, creditor pressure and political instability, members of the firm are regularly involved in advising on multi-jurisdictional, cross border insolvency and restructuring issues.

The firm's experience includes acting for local and overseas insolvency professionals, trustees in bankruptcy, administrators, receivers, liquidators and creditors. We are experienced in advising local and overseas professional clients on how to handle and co-ordinate cross-border appointments, freeze assets, gather information and evidence and in particular obtaining recognition and assistance for local professional clients from overseas courts under legislation such as the US Federal Bankruptcy Code and the UK Insolvency Act. The firm also handles litigation and disputes arising from the inception of insolvency along with local and international claims initiated by office holders against third parties, former management and debtors.

The 2009 Chambers rankings for the firm's litigation department comment as follows:

“This firm has developed a high-quality, respected and prolific litigation practice over the years, attracting recommendations from sources throughout the market for its efforts in the field. Its experienced team of litigators services a client list that includes international banks, insurance companies, multinational corporations and regulatory authorities. The team also has extensive expertise in trust matters. Joint head of litigation Ross McDonough takes on a broad range of work, including trusts disputes, insolvency and asset tracing. Peers recommend him as “a perennial favourite on the island - he is good at fighting for his clients and is a safe pair of hands with a wealth of experience.” Managing partner Alistair Walters is similarly lauded for the consistently high quality of his arguments and reasoning in court.”

The firm was ranked by Chambers in the second tier of recommended firms.

Practical Law Company (PLC) has ranked Campbells' litigation department as “highly recommended” with Ross McDonough “highly recommended” for restructuring and insolvency and “recommended” for dispute resolution. Alistair Walters was “recognised” in the area of dispute resolution.

In The World Finance Awards for 2010 the firms' Insolvency and Restructuring team has been and named as the best in the Cayman Islands.

For more information contact:

  Ross McDonough

  Alistair Walters