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Distressed Funds


Expertise > Global Expertise > Litigation > Distressed Funds
Harneys has been at the forefront of the development of offshore jurisprudence in the area of distressed funds and has acted on one side or another of the major hedge fund litigation matters to emerge in Cayman, BVI and Bermuda in recent years.

Overview

We advise managers, administrators, liquidators, prime brokers, investors, service providers and onshore counsel of investment funds facing distressed situations, whether as a result of trading losses, illiquidity or other factors. It is our objective to delivery swift and pragmatic advice for our clients and we have proven experience in matters which are legally complex, pressured and difficult.

We have been involved in many of the largest and most complex restructurings and cases arising out of the financial turmoil of 2008 including advising on issues coming out of the Madoff affair and other high profile fraud cases involving BVI, Bermuda and Cayman funds. We have deep expertise in the formulation of strategies that provide solid legal and commercially viable solutions for funds, managers, investors and liquidators to deal with the challenges posed by distressed or failed investment funds.

We offer integrated and multidisciplinary service with experienced distressed fund partners in our Cayman, BVI, London and Hong Kong offices and distressed fund specialists in other practice areas including our award-winning funds, insolvency, fraud and regulatory teams.


Services

  • Fund restructuring
  • Bankruptcy and insolvency proceedings
  • Fraud and asset tracing
  • Clawback claims
  • Liquidators’ advice
  • Recognition of foreign judgments
  • Creditor and shareholder disputes
  • Regulatory approvals

Related

Investigations, Corporate Crime and Fraud

Our experts in investigations, corporate crime and fraud advise clients on all aspects of civil, criminal and regulatory risk in the BVI, Bermuda, Cayman Islands, Cyprus and Anguilla. We advise and act in regulatory investigations, enforcement...Read More

Investment Funds

Our Investment Funds practice is characterised by technical excellence, responsiveness and price transparency.Read More

Litigation

Harneys has been at the forefront of the development of offshore jurisprudence for decades and have been involved in the most significant global disputes winning keynote victories for our clients and often helping shape the law.Read More

Restructuring and Insolvency

Harneys has been at the forefront of the development of offshore jurisprudence in the field of restructuring and insolvency for decades and our restructuring and insolvency practice leads the offshore market in both global reach and expertise.Read More

Contacts

Jonathan Culshaw
Jonathan Culshaw

Managing Partner
Hong Kong
Phillip Kite
Phillip Kite

Managing Partner
London
Marco Martins
Marco Martins

Managing Partner
Cayman Islands
Oliver Bell
Oliver Bell

Partner
British Virgin Islands
Jeremy Child
Jeremy Child

Partner
London
Ian Gobin
Ian Gobin

Partner
Cayman Islands
Claire Goldstein
Claire Goldstein

Partner
British Virgin Islands
Philip Graham
Philip Graham

Partner
British Virgin Islands
Ian Mann
Ian Mann

Partner
Hong Kong
William  Peake
William Peake

Partner
London
Chai Ridgers
Chai Ridgers

Partner
Hong Kong
Andrew Thorp
Andrew Thorp

Partner
British Virgin Islands
Joanne Verbiesen
Joanne Verbiesen

Partner
Hong Kong
Jonathan Addo
Jonathan Addo

Counsel
British Virgin Islands
Nadia Menezes
Nadia Menezes

Counsel
British Virgin Islands
Sarah Thompson
Sarah Thompson

Associate
British Virgin Islands
Publications

Articles & Updates

Brexit: Passporting through Cyprus 
Anti-suit injunction allows winding up to proceed in Harmony 
Reclassification deadline fast approaching for Bermuda exempt funds 
Three key facts about International Financial Centres 
Cayman Islands funds: what does 2015 teach us about the year ahead? 
Fairfield Sentry - New Guidance from the BVI Court 

Guides

Limited Liability Companies in the Cayman Islands 
Updated Policy on Audit Waivers for Cayman Funds 

Recent Experience

Fairfield Sentry Limited v Alfredo Migani and others 
Harneys acts in Monarch Pointe litigation 
Westford Special Situations Master Fund. v. Westford Special Situations Fund (in Liquidation) 
Sextant Strategic - Liquidation 
Cayman company gets Chapter 15 protection in the US 
Rye Select Broad Market (In Official Liquidation)