Business in brief: Travers Thorp Alberga hires new partners, associates

Following the merger with British Virgin Islands law firm, Orion Law, Cayman Islands and BVI-based law firm Travers Thorp Alberga, has appointed three new partners and three new associates.

Lucy Nicklas, a hedge fund and private equity specialist of some 15 years, formerly with Perpetual and offshore law firms Walkers and then Maples, has joined the firm’s hedge fund group as a partner in the Hong Kong office.

Silva Seferian Jacotine, a hedge fund specialist, will join the hedge fund group in the Cayman Islands office at the end of May as a partner, having previously practiced in the hedge fund group with Walkers.

Litigation expert Neil McLarnon has also joined the firm as a partner. Mr. McLarnon is a U.K. barrister who previously practiced at XXIV Old Buildings. He specializes in corporate commercial litigation.

Jonathan Turnham has joined the firm’s Cayman Islands office as a senior associate in the hedge fund group. He previously practiced with Clifford Chance and offshore law firm Ogier.

King Lai, a graduate of King’s College, London, who specializes in a broad range of securities law, is now a senior associate in the firm’s Hong Kong office. Corporate commercial lawyer YC Chen also joined the Hong Kong office from Clyde and Co. in Perth as an associate.

Senior Partner Anthony Travers, said, “Our internal operating model is proving attractive to practitioners of the highest quality and experience. This in turn is reinforcing the firm’s reputation of providing superior legal advice which has placed us firmly in the front rank of offshore advisers. Our expansion is notable in an offshore legal environment where there is currently a degree of instability and continued evidence of contraction.”

SteppingStones pricinpals Ciara Aspinall, left, and Milly Serpell, pictured with Investors in People license holder for the Caribbean Eric Jenkinson. SteppingStones has been shortlisted for IIP Awards.
SteppingStones pricinpals Ciara Aspinall, left, and Milly Serpell, pictured with Investors in People license holder for the Caribbean Eric Jenkinson. SteppingStones has been shortlisted for IIP Awards.

SteppingStones shortlisted for Investors in People Awards

Recruitment firm SteppingStones, which was named as a leader in people management practice globally, has been shortlisted in the Best Newcomer (International) and Gold Employer of the year (International) categories in the third annual Investors in People Awards.

Finalists are drawn from the top 7 percent of Investors in People organizations. SteppingStones said it is the first recruitment company in Cayman to receive the IIP Gold award, and is one of only two companies globally nominated for two awards.

The awards, which received more than 300 entries internationally, celebrates the best people management practices among Investors in People accredited businesses. Winners are announced at an awards ceremony and dinner on June 29 at Old Billingsgate, London.

Walkers admits two new Caymanian attorneys

Walkers has announced the admission of two new Caymanian attorneys. The admissions for Arleth Ebanks and Renee Prendergast were moved by Walkers Partner Colette Wilkins on March 14 and 15, respectively, before Justice Richard Williams and Justice Ingrid Mangatal at the Grand Court in Cayman.

“We place great importance on the training of our articled clerks, and Walkers wishes to congratulate Arleth and Renee on their achievement. We are delighted to have two more talented attorneys at Walkers and we expect that they will prove valuable assets to the profession in the Cayman Islands,” said Antonia Hardy, managing partner of Walkers Cayman Islands office.

“The Walkers training program is a rigorous test for any young person, and we are delighted to see that Arleth and Renee have both been admitted to the Cayman Islands Bar. We have known Arleth and Renee for many years and it has been extremely rewarding for us to see them both develop into their new careers as lawyers,” said Anthony Partridge, senior counsel and chairman of Walkers’ Trainee Committee.

Ms. Ebanks was a recipient of the 2012 Walkers Legal Scholarship. Born in Panama, she has lived in the Cayman Islands for the majority of her life and completed her schooling at John Gray High School. She completed the graduate diploma in law in 2013 at the Nottingham Law School and then completed the Legal Practice Course in June 2014 at BPP University in Manchester, with commendation.

Ms. Ebanks was articled to partner David Collins and commenced her Articles with Walkers on Sept. 1, 2014.

Ms. Prendergast is a recipient of the 2010 Walkers Legal Scholarship and was born and raised in the Cayman Islands. After leaving John Gray High School in 2008 and St. Ignatius Catholic High School in 2010, she attended the Truman Bodden Law School for the first year of her LL.B. She then transferred to Cardiff University where she completed her degree and earned a second upper class LL.B in 2013. Ms. Prendergast remained at Cardiff University to complete her Legal Practice Course with commendation in 2014. She was articled to partner Melissa Lim and commenced her articles with Walkers on Sept. 1, 2014.

Both newly qualified attorneys have accepted permanent positions with Walkers and will both join the Walkers’ Finance and Corporate Group.

Appleby adds three partners to Corporate Practice Group

Offshore law firm Appleby has appointed three new partners to its Corporate Practice Group globally, in addition to two counsel appointments in the firm’s Cayman office.

Christian Victory and Jacob MacAdam were appointed as corporate counsel in Cayman, while Andrew Jowett, corporate counsel in Appleby’s BVI office, and Kate Story, corporate counsel in the firm’s Guernsey office, will become partners on April 1.

In early May, Appleby will welcome a new partner, Fiona Chan, who has extensive experience in the banking and finance field both offshore and onshore, having practiced at Clifford Chance (London and Hong Kong), Ogier and Harneys.

Appleby’s Corporate Global Group Head, Cameron Adderley said, “These appointments will provide additional strength and talent to our corporate offering and they are aligned to our ambitious growth strategy. I look forward to welcoming Fiona to our team and I would like to congratulate Andrew and Kate on being promoted this year.”

Mr. Adderley said the offshore markets continue to thrive. “In Appleby’s latest Offshore-i report, released earlier this month, the total cumulative value of offshore M&A deals in 2015 increased 56 percent over the previous year, with average deal value topping highs not seen since 2007. Our team is busy and it is in growth mode. The addition of Andrew, Kate and Fiona to our partner ranks is a tremendous boost and will enable us to continue to focus on providing an exceptional service to our clients and referrers.”

New partner in Collas Crill’s Cayman office

Collas Crill senior associate Stephen Nelson has been promoted to partner.
He has been with the firm since 2007. Mr. Nelson is based in Cayman but is currently on a five-month secondment in Singapore, ending in May.

He works within the Investment Funds and Corporate & Commercial departments with a particular focus on investment funds and corporate finance. His clients include funds, investment managers, fund administrators, banks, family offices, financial houses and early stage companies. The promotion takes the overall number of Collas Crill partners across five jurisdictions to 31.

Ogier acts as Cayman counsel in Asian Deal of the Year

Indonesia’s national airline sukuk [bond], a transaction in which Ogier acted as Cayman Islands counsel, has won Debt and Equity-linked Deal of the Year at the IFLR Asia Awards 2016.

Anthony Oakes, a partner in Ogier’s Hong Kong office, led the Ogier team, which worked alongside Allen & Overy, Clifford Chance and others to advise Garuda Indonesia on its US$500 million sukuk, a form of bond structured in compliance with Islamic law which prohibits the charging of riba or interest.

This was the first non-sovereign U.S. dollar sukuk out of Indonesia and the first Asia Pacific national flag carrier to issue a USD benchmark bond on a stand-alone basis since Qantas Airways’ U.S. dollar bond offering in April 2006.

Ogier was also shortlisted in IFLR’s Asia Awards Restructuring category alongside firms including Clifford Chance, Freshfields, Kirkland & Ellis and Slaughter & May for its work on the restructuring of China Shansui Cement.

In that matter, Ogier represented Tianrui (International) Holding Company Ltd., a substantial shareholder of China Shanshui Cement Group Ltd., in successfully resisting an attempt by the directors of China Shanshui to petition the Grand Court of the Cayman Islands for its winding up and to appoint joint provisional liquidators. Ogier also provided Cayman advice to enable Tianrui to successfully exercise its shareholder rights to bring about a change in the management of China Shanshui and to facilitate refinancing arrangements.