Globalisation and the impact on cross-border insolvency
The insolvency and restructuring market has become significantly more international over the last 10 years due to globalisation, a shift of economic power to the emerging markets and the use of complex financial products.
We have a specialist Offshore Financial Centre group in all major offshore financial centres, who collaborate under the provisions of an agreed operating procedure to share expertise, contacts and resources. Working in combination with our broader international presence and teams in the leading onshore financial centres, this allows us to advise on situations involving the most complicated offshore group structures.
A team of experienced specialists
Our Cayman team specialises in giving advice and taking formal insolvency appointments in relation to businesses with complex, international affairs.
We have experience of multi-jurisdictional insolvencies, foreign recognition, information gathering tools and understanding of enforcement that allows us to optimise outcomes for stakeholders.
We deal with a diverse range of businesses and assets, with particular expertise in the financial services, shipping and energy sectors. We use a wide range of techniques across multiple jurisdictions to obtain information that may be relevant to the investigation of the insolvent business.
We analyse this information and apply our experience and specialist skills to develop coherent international litigation strategies to maximise realisations to the estate, adding significant value to creditors
In addition to the global or multi-jurisdictional angles of most Cayman assignments, we have the experience and skillsets required to manage a broad range of regulatory and enforcement related appointments.
We have conducted a number of liquidations of local resident entities, and acted as Trustee in Bankruptcy to a number of individuals. In addition, we have acted as Controllers for a number of entities at the request of CIMA.
We consider that with a combination of our experience, knowledge, qualifications and service lines, coupled with our understanding of the Cayman Islands financial regulatory objectives, we are optimally positioned to manage the most complex of assignments.