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Global Guide

Offshore — Global-wide

Band 1

第一等

From the Chambers Global guide

What the team is known for Distinguished by its extensive global network, encompassing offices in all major offshore financial centres, as well as an established presence in Hong Kong. Sources acknowledge the firm's enduring strength in its home jurisdiction of Bermuda, as well as its dominant positions in the Mauritius, Seychelles and the Isle of Man markets. Dispute resolution remains a particular forte, with its Cayman Islands trust litigation team highlighted as a stand-out.

Strengths The team is applauded for the manner in which it is able to steer clients through the finer points of the law. One source said: "I want to know what the general principles are, where the laws deviate, and get practical advice. I found Appleby were willing to work that way, and they're good at it."

The firm's broad geographical reach is cited as one of its defining strengths, giving it a "very competitive advantage." Sources state that, when working with Appleby, "it is very easy to put together a team involving multiple jurisdictions."

Commentators note that the lawyers "understand the detail of fund structures," marrying this with a "very good intellectual knowledge of how to deal with complex disputes."

Work highlights Acted as Bermuda counsel to PartnerRe throughout its 2015 plans to merge with Axis Capital and on the ultimate completion of its USD6.9 billion combination with Italian-owned EXOR.

Represented the Lieutenant Governor of the Isle of Man in a dispute involving issues of Crown immunity regarding the appointment of the dependency's former Attorney General.

Advised GIC Private, the investment arm of the government of Singapore, on the Mauritian aspects of its GBP162.8 million acquisition of Greenko Mauritius.

Significant clients Morgan Stanley, The Carlyle Group/Veritas Group, Washington Special Opportunity Fund, KPMG.

Notable practitioners

Tim Faries is the Bermuda office managing partner. Jeffrey Kirk is responsible for the British Virgin Islands (BVI) office, while Malcolm Moller is the managing partner of the Mauritius, Seychelles and Shanghai offices. Other key contacts include Michael Cushing in Jersey, Faye Moffett in the Isle of Man, and Frances Woo in Hong Kong.

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Band 1

第一等

From the Chambers Global guide

What the team is known for Elite firm that is agreed by sources to be a benchmark for quality in global offshore legal services. Focused on three product jurisdictions: Ireland, the BVI, and most notably the Cayman Islands, where it is one of the largest and best-established firms, and frequently seen on one side of the market's most high-value and technically demanding transactions. Supported by highly respected offerings in London, Dubai, Hong Kong and Singapore. 

Strengths Peers are unanimous in their praise for the firm, describing it as "the competitor we respect most." Interviewees highlight its "absolute dominance of the Cayman market," as well as its "good European and Asian coverage."

According to sources, the "fantastic team" has "a broad understanding of how global regulatory regimes relate to the Cayman Islands."

The firm is described as "always responsive and commercial in their approach," combining this with an "unprecedented market knowledge and extensive client base." One interviewee enthused: "They are a clear market leader."

Work highlights Acted for the Blackstone Group on the launch of Blackstone Capital Partners VII, a new private equity fund valued at USD18 billion at its initial closing.

The Singapore office acted as BVI counsel to DBS Bank regarding a financing - the total value of which was approximately USD1 billion - to STATS ChipPac, involving an initial loan of USD890 million, in addition to a notes issuance and a refinancing.

The Dublin office advised the UBS Group on the redomiciliation of several Cayman Islands hedge funds to the Republic of Ireland. 

Significant clients Bain Capital, PwC, Merrill Lynch, Alibaba Group Holdings. 

Notable practitioners

Global managing partner Alasdair Robertson is based in the Cayman Islands, as is Paul Lumsden, who is the Cayman Islands managing partner. The BVI managing partner is Richard May. Paul Govier and Nicholas Butcher head the London and Dublin offices respectively, while in Dubai, a key contact is Tahir Jawed. Singapore-based Michael Gagie is a key contact in Asia.

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Band 1

第一等

From the Chambers Global guide

What the team is known for Widely acknowledged as a dominant Cayman firm, regularly taking lead roles on some of the highest profile matters in the jurisdiction. The Dublin office is also widely regarded as a leader for asset finance transactions in the Republic of Ireland. In 2016 the firm boosted its global offering, opening in Bermuda, through an association with local start-up Taylors, and in Guernsey, following its acquisition of AO Hall. 

Strengths Sources praise the lawyers' responsiveness and commerciality, also stating that their "attention to detail is fantastic."

Clients appreciate that the firm "wants to understand our business and culture," adding that it "offers more in terms of geographic coverage" than many of its competitors.

Onshore lawyers praise the firm for its "thorough knowledge of Cayman law and good, practical advice."

Work highlights The Dubai office advised Oman Electricity Transmission Company (OETC) on the Cayman and Irish law aspects of its USD1 billion note issuance.

Assisted Bohai Leasing with its acquisition of Avolon Holdings by way of a Cayman take-private transaction.

Significant clients Abu Dhabi Commercial Bank, Oaktree Capital Management, HarbourVest Partners.

Notable practitioners

Global managing partner Ingrid Pierce is based in the Cayman Islands. Dublin-based Garry Ferguson is the managing partner of the firm's Ireland office, while Jonathan Heaney leads the team in Jersey. The managing partner in Dubai is Daniel Wood. John Rogers and Andy Randall are key contacts in Asia, based in Singapore and Hong Kong respectively.

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Band 2

第二等

From the Chambers Global guide

What the team is known for Consistently cited as an excellent choice to handle any matters governed by Bermuda, BVI or Mauritius law. Regularly appointed to act for clients on high-value asset finance and insurance transactions. The firm is well established in the major financial centres of London, Hong Kong and Dubai. The Cayman Islands team is also highly regarded.

Strengths Clients describe the team as "responsive and knowledgeable." One source added: "I have complete confidence when we have an issue that it will be dealt with."

Sources also say that the firm delivers "very considered, top-rate advice" with "great response times."

Peers note that the firm "has been in Asia a long time, is well respected in Bermuda and has a very strong offering in the BVI." 

Work highlights The Dubai and Bermuda offices acted for Qatar Reinsurance Company in connection with is re-domicile to Bermuda.

Acted for the lead purchasers on a EUR250 million note issuance by Smurfit Kappa Group. The firm also represented RBS, as facility agent, relating to an extension to the group's existing EUR1.375 billion senior credit facility.  

The Hong Kong and BVI offices acted for a principal shareholder of Central Shipping Company on a multi-stranded shareholder dispute involving four separate proceedings in the BVI courts.

Significant clients Lloyds Banking Group, Stonegate Pub Company, AerCap Holdings, Fidelis Insurance Holdings, Yahoo!.

Notable practitioners

The firm's co-chairs are Bermuda-based Narinder Hargun and David Lamb, based in Hong Kong. Alan Dickson heads the Singapore office and Kevin Butler is the head of the Cayman Islands team. The BVI office is overseen by Robert Briant, while Kerri Lefebvre heads the Dubai office. The head of the Mauritius office is Stephen Scali. 

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Band 2

第二等

From the Chambers Global guide

What the team is known for Maintains its position as a market-leading Channel Islands firm. Wins particular praise for the work of its Jersey investment funds team, and continues to make huge strides in Asia and the Caribbean, with its Cayman dispute resolution group taking lead roles on several very high-profile cases, including AHAB v Saad. 

Strengths The firm is praised for its "excellent knowledge, both in Jersey and in Guernsey," with interviewees also remarking on its "pragmatic approach and the fact they ask the right questions."

One commentator listed the firm's strengths as follows: "We've found Mourant to be responsive, proactive, commercial and generally to have a can-do attitude. They've been very good at finding solutions rather than just identifying problems."

The team is also applauded for its proactivity in building and maintaining new client relationships.

Work highlights Advised Highland Capital Partners Europe on the launch of its EUR332 million Highland Europe Technology Growth II Jersey expert fund.

The Cayman office represented Zolfo Cooper, as liquidators of the Primeo Fund, in separate, ongoing Madoff-related proceedings against both the Herald Fund (also in liquidation), and Primeo's administrator and custodian, HSBC. Each of these cases is valued at USD750 million.

Acted for China Cinda Finance (2014) II on its listing on the Channel Islands exchange, comprising three series of notes with a combined aggregate principal amount of USD500 million.

Significant clients Gaw Capital, PwC, China Fishery Group.

Notable practitioners

Jersey-based Jonathan Rigby is the firm's global managing partner. In the Channel Islands, the office managing partners are Jonathan Speck in Jersey and Jessica Roland in Guernsey. The London office managing partner is Robert Duggan. In the Caribbean, Peter Hayden is head of the Cayman Islands office and Rachael McDonald is managing partner for the BVI. Paul Christopher is managing partner in Hong Kong.

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Band 3

第三等

From the Chambers Global guide

What the team is known for Enjoys a long-standing reputation in the Channel Islands as a go-to firm for both contentious and transactional matters. Particularly noted for the strength of its Jersey office. Increasingly also highly regarded in the Caribbean, where it has attracted a number of high-profile dispute and investment funds mandates. The firm also continues to grow its footprint in Asia.

Strengths Onshore lawyers praise the firm for its "clear, concise, easy-to-digest advice."

Commentators note that the firm has "hit the ground running in Cayman," assembling a team of lawyers who are "responsive, knowledgeable and very pragmatic."

Work highlights Acted for Grant Thornton, as liquidators of the Weavering Macro Fixed Income Fund, regarding its claims for breach of contract, negligence and deceit against the fund's former auditor, a well-known accounting firm.

Acted for a consortium of buyers, led by Ravenscroft, on its acquisition of leading Channel Islands retailer Sandpiper, holder of numerous household name franchises in both Jersey and Guernsey.

Advised Nomura International on matters of Guernsey law arising from its issuance of a high-yield bond.

Significant clients Blackstone, Apax Partners, Liongate Multi Strategy Fund.

Notable practitioners

In the Channel Islands, key contacts include Jersey managing partner Alex Ohlsson and Guernsey managing partner John Greenfield. Jarrod Farley is the managing partner in the Cayman Islands. The main contact in the BVI is Clinton Hempel, who splits his time between Road Town and Cape Town. Linda Lee is a key contact in Singapore.

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Band 3

第三等

From the Chambers Global guide

What the team is known for Acknowledged for its forte in matters of BVI law. Fields the largest team of lawyers of any firm in that jurisdiction, with their expertise supported by individuals based across the firm's global network. Continues to grow in other jurisdictions, most notably Bermuda, following the firm's opening there in mid-2015, and in the Cayman Islands. In Asia, the Hong Kong litigation team is viewed by sources as a force to be reckoned with.

Strengths Interviewees highlight the close working relationships that exist between the firm's offices: "They understand and have built their business model on the connection between Hong Kong and the BVI. It is very helpful to deal with a law firm with offices in Hong Kong, London and the BVI who are able to deal with BVI issues in this context."

Work highlights Acted for Kaisa Group Holdings on its USD2.77 billion restructuring.

Advised UTi Worldwide on the BVI law aspects of its USD1.35 billion acquisition by DSV.

Acted for Turquoise Partners on the establishment of Turquoise Variable Capital Investment Fund, focused on investing in Iranian securities following the lifting of UN sanctions.

Significant clients Everest Capital, Gresham Investment Management, Mail.ru, Deutsche Bank, China Construction Bank.

Notable practitioners

Sheila George is the managing partner of the BVI office. Marco Martins and Sarah-Jane Hurrion are key contacts in the Cayman Islands and Bermuda respectively. Hong Kong-based Jonathan Culshaw is the firm's Asia managing partner and global head of investment funds. In Cyprus, the key contact is managing partner Pavlos Aristodemou. Peter Tarn is the London managing partner and global firm chairman.

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Band 3

第三等

From the Chambers Global guide

What the team is known for Maintains a very strong reputation for corporate and finance work in the Channel Islands. In the Caribbean, the firm is acclaimed for its Cayman funds practice, also advising on the full range of Cayman and BVI transactional and contentious work. The firm has a number of well-established client relationships, particularly in Asia and Latin America. It is also noted for the increasing reputation of its Luxembourg team.

Strengths The firm is praised for its "international outlook," with sources adding that "they are prompt, efficient, commercial and sensible."

Sources also say the team is "very aware of the commercial requirements of their clients."

Work highlights Advised Barclays on its GBP500 million financing for Tritax Big Box REIT's UK real estate portfolio.

Acted for AQR Capital Management on the launch of 24 new Cayman-domiciled funds, totalling USD120 billion assets under management.

Significant clients BSkyB, ISDA, Banco Original, JBIC.

Notable practitioners

Jersey-based Edward Mackereth is the firm's global managing partner. A key contact for Guernsey is Mathew Newman, while Angus Davison and Ray Wearmouth are key contacts for the Cayman Islands and BVI respectively. François Pfister is the practice partner for the firm's Luxembourg office and Nicholas Plowman is the practice partner in Hong Kong.

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Band 4

第四等

From the Chambers Global guide

What the team is known for Advises clients on the full range of corporate law, finance and dispute resolution matters in Jersey and Guernsey. The Jersey office is especially highly regarded, with acknowledged strengths in litigation and trusts work. The firm is also noted for its offices in Mauritius, Singapore and the BVI.

Strengths The firm receives high praise for its "depth and breadth of knowledge. Their knowledge of the ins and outs of this area has simplified my job; they just have encyclopaedic knowledge of transactional work."

Sources say the firm has a "very good knowledge of the financial markets in Mauritius." 

Work highlights Successfully defended an Italian national in a case brought before the Jersey courts alleging conspiracy to defraud Nedbank Private Wealth of funds amounting to billions of dollars.

Significant clients Barclays, AXA Real Estate Investment Managers.

Notable practitioners

Jersey-based David Cadin is the firm's managing partner. Kate Ovenden oversees the work of the Guernsey office, while Kristian Wilson is the key point of contact in Singapore, and also one of the partners overseeing the firm's BVI practice. In Mauritius, the key contact is Yuvraj Juwaheer.

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Band 4

第四等

From the Chambers Global guide

What the team is known for Respected firm with deep roots in the Channel Islands, where it is rated highly for both litigation and transactional matters. Continues to expand in the Caribbean, having merged with Cayman Islands firm Charles Adams Ritchie & Duckworth at the start of 2015. At the time of writing the firm has also announced plans to merge with BVI firm Farara Kerins in 2017.

Strengths In Guernsey, the team is praised for having "a great deal of technical knowledge, and also a very good understanding of the market." 

Sources highlight the Jersey office for its strong client relationships: "They give you clear guidance, and that stood out. We felt extremely safe with them, and very much at home."

Work highlights Advised Market Tech Group on the Jersey and Guernsey law aspects of a GBP900 million secured debt facility from AIG Asset Management, for the purposes of refinancing an existing facility provided by Nomura International and Bank of Cyprus.

Assisted Crown Capital Partners on the Cayman aspects of its CAD65 million IPO.

Significant clients Arab Banking Corporation, HSBC, RBS, Ernst & Young.

Notable practitioners

Group managing partner Jason Romer is based in Guernsey. Alan de Saram is a key contact in the Cayman Islands, while Leon Santos heads the team in Singapore.

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