Business in brief

Conyers Dill & Pearman

Offshore law firm Conyers Dill & Pearman has added lawyers to its Cayman Islands office, with Matthew Stocker and Richard Fear joining as Counsel. Mr. Stocker returns to the Cayman Islands, having most recently practised at the Hong Kong office of another offshore firm, while Mr. Fear returns to the Cayman Islands after practising in Conyers’ London office since 2007.

“It is a pleasure to welcome both Matthew and Richard to our growing team,” said Kevin Butler, head of Conyers’ Cayman Islands office. “Their extensive experience in providing Cayman legal advice to major financial institutions and multinationals further enhances our corporate expertise in the jurisdiction.”

Mr. Stocker has over 18 years’ experience advising on a wide range of corporate and financial matters. He has significant expertise in debt financing transactions, investment funds and general corporate work, including IPOs and mergers and acquisitions.

Mr. Fear practice covers a broad range of corporate, finance and funds work, with a particular focus on corporate finance transactions, stock exchange listings, investment funds, structured finance and corporate reorganisations. Prior to practising in Conyers’ London office, Mr. Fear was a partner of another Cayman firm. He also brings a commercial approach to transactions having previously served as managing director of the Cayman subsidiary of a London merchant bank and as a chartered accountant.

Appleby

Ian Gobin has joined Appleby as a partner. He is returning to the Cayman Islands, having spent eleven years with Walkers as associate and partner between 2001 and 2012. Cayman Office Managing Partner, Bryan Hunter said: “Ian’s appointment is excellent news for our corporate practice, particularly on the funds side of the team. He will also provide further strength to our fast-growth CLOs team. Ian was heavily involved in CLO 1.0, acting for most of the New York based arrangers, as well as collateral managers across the United States,” Mr. Hunter added.

Mr. Gobin’s arrival follows a bumper year for CLOs. Appleby’s Global Head of Structured Finance, Julian Black, who leads the firm’s dedicated CLOs team said, “We have just come out of a year in which we closed 34 CLOs representing some 30 per cent of the market by value, acting for all of the major arrangers. We are excited by Ian’s arrival, and the extra capacity that this represents for the team. We are planning to continue to grow the team, through hiring additional talent and internal promotions that we will announce in the near future.”

Mr. Gobin qualified as a solicitor in England and Wales in 1997 and trained with Magic Circle firm, Clifford Chance, qualifying into the Global Capital Markets team. In that time he had various secondments to the Capital Markets team at Morgan Stanley. He first moved to the Cayman Islands in August 2001, joining Walkers where he was made partner in January 2008. He worked in the International Finance and Corporate Group and specialised in a wide range of asset finance, structured finance and secured lending transactions as well as in hedge funds and private equity funds.

Mourant Ozannes

Mourant Ozannes recruited eleven additional litigators for its Litigation practice globally in the lead up to 2013. The recruitment is to keep up with increased client demand for the firm’s offshore litigation services in the BVI, the Cayman Islands, Guernsey and Jersey, the firm said.

In the Cayman Islands, Associate Alexandra Bethell joined the Litigation practice along with Caymanian Associates Amy Bond, who also joined Litigation, and Tracy Hylton, who successfully completed her articled clerk training with the firm and joined the Funds practice as its newest associate. In the Litigation practice, Caymanian Robin Gibb also started his Articles with the firm.

Peter Hayden, partner and head of Litigation in the Cayman office, said, “As a firm, we are continuing to invest and build our practice in the Cayman Islands. We are particularly pleased to have been able to recruit high quality Caymanians in the form of Amy, Tracy and Robin. We have an excellent scholarship and training programme in place for Caymanian students and Articled Clerks which is helping us to attract the best recruits.”

Carey Olsen

Offshore law firms Carey Olsen and Hempel and Boyd have entered into an association to provide their clients with British Virgin Islands, Cayman Islands, Guernsey and Jersey legal services.

Carey Olsen has offices in the Cayman Islands, Guernsey, Jersey and London. Hempel and Boyd provides BVI legal services from its offices in the BVI and Cape Town, South Africa.

The announcement of the association between the two firms follows Carey Olsen’s entry into the Cayman Islands legal market in 2012 and its launch of BVI services through its Guernsey office in 2012.

According to Alex Ohlsson, Carey Olsen’s managing partner, client interest in financial and legal services in the Cayman Islands and the BVI has grown significantly over the last few years.

“Carey Olsen is committed to providing a truly client-focused service. Our clients are increasingly looking to us to provide services in multiple jurisdictions. We opened an office in the Cayman Islands in 2012 and have been delighted with the early success of that office. Hempel and Boyd caught our attention as a young and dynamic firm with a strong client-orientated approach which matches our own ethos. Our association with Hempel and Boyd ensures that clients requiring BVI legal advice will receive the highest standards of service and expertise from Hempel and Boyd’s accomplished team of BVI lawyers,” Mr. Ohlsson said.

Clinton Hempel, managing partner of Hempel and Boyd, is very positive about the continued growth of financial and legal services in the BVI and the jurisdiction’s leading role in international commerce. “The BVI remains firmly entrenched as one of the premier offshore jurisdictions, particularly for international transactional work and asset holding structures. I have no doubt that our clients will benefit from the multi-jurisdictional capability, which our association with Carey Olsen brings to our practice.

“Over the course of the year, our Cape Town office will expand to become the first full service, multi-jurisdictional offshore law practice in Africa. I look forward to working closely with Carey Olsen in delivering BVI legal services to our mutual clients across the globe,” Mr Hempel said.

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