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19-Feb-2021
Walkers Tops Market Leading Rankings in Chambers Global Again

Walkers has maintained its strong position as the go-to offshore law firm in the 2021 Chambers and Partners' Global Guide this year.

The firm leads the way with 10 "Band 1" practice area rankings (out of a market leading 23 practice areas), an overall "Band 1" ranking in 'Global Offshore' and with nine "Band 1" ranked lawyers, more than any other offshore law firm. These rankings come soon after Walkers' global Fintech group was also awarded a Band 1 ranking in late 2020.

Chambers Global Guide lauded Walkers for its depth of expertise in offshore transactional work, with one client commenting: "They're strong across the board and good at finding practical solutions – it's the hallmark of Walkers' practice."

In the Cayman Islands, Walkers once again retained its "Band 1" rankings for its three cornerstone practices: Finance & Corporate, Insolvency & Dispute Resolution and Investment Funds.

One interviewee reported: "They are unfailingly responsive, sensible and commercial in how they approach challenges and always ensure we are well protected from legal and regulatory exposure," adding: "I continue to recommend the Walkers team."

Chambers also noted that Walkers is a "Top-rated firm with an exceptional reputation for its Cayman investment fund practice. Excels in all aspects of fund-related advice, including formation, launch and restructuring. Possesses an enviable client list that features several big-name asset managers and investors."

In the British Virgin Islands, Walkers' Insolvency & Dispute Resolution team upheld its "Band 1" ranking with clients saying: "They do a great job on complex matters that involve cross-border issues [and] are phenomenal in terms of getting the papers in order."

Walkers' Asia-Pacific offices of Hong Kong and Singapore also retained their "Band 1" rankings, with Chambers noting that those offices are "Finance giants with impressive knowledge across BVI and Cayman law". Walkers Asia has had an incredibly successful year, having been named 'Offshore Law Firm of the Year' in the Chambers Asia-Pacific Awards in 2020.

In Ireland, Walkers' Capital Markets: Debt practice retained its "Band 1" ranking whilst the Irish office secured a total of five rankings, entering in the Banking & Finance and International & Cross-Border tables for the first time. Chambers notes:

"[Walkers] maintains a highly regarded DCM and structured finance offering, with particular expertise in securitisation transactions such as asset-backed securities and commercial mortgage-backed securities. Acts as listing agent, issuer's and arranger's counsel for clients from the financial sector. Often assists clients with notes issuances and CLO transactions."

The London office, led by Managing Partner Jack Boldarin (the sole "Band 1" ranked BVI lawyer in London), retained its "Band 1" rankings for both British Virgin Islands and Cayman Islands Law.

Finally, in the United Arab Emirates, Walkers retained its "Band 1" ranking for offshore law, with commentators noting that: "Walkers is a great firm and they've done a sterling job in Dubai. I’d recommend them wholeheartedly to anybody requiring top-quality offshore legal advice."

Walkers' Global Managing Partner, Ingrid Pierce, states: "I am delighted that once again our global firm has been recognised across a broad range of practices and laws in Chambers Global. We continually strive to give clients our best products and services. We are very grateful for the ongoing support and feedback from clients and others who took the time to recognise the efforts of our people."

10-Feb-2021
Walkers Launches Online Solution to AML Training Requirements

Walkers Professional Services ("WPS") has today announced the launch of its e-Learning Anti-Money Laundering Training portal, adding further to the services that WPS now provides through digital means.

It is the requirement of the Cayman Islands Monetary Authority ("CIMA") that persons, such as directors, partners and principals of Cayman Islands investment funds, undertake Anti-Money Laundering ("AML") training as prescribed by CIMA, and the robustness of this training forms part of any CIMA audit. The portal will enable people to access training on the AML regime through a sophisticated e-Learning module which is regularly updated to ensure all changes in the AML regime are captured. For ease of use, the portal is accessible via desktop or mobile device.

Speaking to the new product offering, Dorothy Scott, WPS Managing Director of Compliance and Regulatory Services and the project lead, shared: "Now more than ever, there is strong demand in the industry for a dynamic training tool that allows users to access materials on demand. The training is self-administered, so users can move at their own pace, allowing them to fully grasp each concept and consider application of AML requirements in real-time."

The Walkers Compliance e-Learning AML Training portal is designed and administered by Walkers' AML officers and is fully compliant with applicable regulations and CIMA guidance. For more information and to register, email This email address is being protected from spambots. You need JavaScript enabled to view it..



04-Feb-2021
Walkers Advises Wildlife Charity On New Constitution On Pro Bono Basis

Walkers has advised Alderney Wildlife Trust on a new constitution, acting on a pro bono basis.

The firm's Guernsey managing partner Matt Sanders and senior associate Jessica Robinson advised the charity on the new constitution, which simplified the existing, complex structure of the trust.

The charity is largely run by volunteers, and was setup to Study, Protect and Campaign for Alderney’s wildlife.   It looks after sites covering more than 10% of the island and carries out a wide range of ecological surveys, publishing records and undertaking practical conservation.  Its work involves working with and supporting the States of Alderney, including in the running of the island’s Internationally Important Marine Wetland.  It deliver’s wildlife tourism initiatives and runs the Island’s popular wildlife Puffin webcam.   

Alderney is the northern-most Channel Island and has an area of around three square miles, and a population of around 2,000.

Jessica Robinson said: "We are so pleased to have been asked to help Alderney Wildlife Trust with this piece of work, and to have delivered a legal constitution that will simplify their structure and support them going forward.

"We are very rarely asked to advise on matters of Alderney law, but we are glad to have had the opportunity to support the trust with its important work." 

Roland Gauvain, from the Alderney Wildlife Trust, added: "We are so grateful to Walkers for agreeing to act on a pro bono basis to produce our new constitution, and the level of support and service was exceptional and made the whole process so much easier – we are reliant on donations and fund-raising activities by volunteers to raise revenue, so support like this makes a huge difference to us."

02-Feb-2021
TISEA removes requirement for director declarations for non-retail listings

The International Stock Exchange Authority Limited (TISEA) has removed its requirement for directors of debt issuers to submit declarations for non-retail listings, with immediate effect.

The change – effected by way of an amendment to the Listing Rules – means that directors of debt issuers will no longer have to submit directors' declarations to TISEA when submitting applications for listings, or when they are appointed to the listed issuers' board.

The amendment to the Listing Rules has been made to streamline the process of making an application for listing, and to reduce ongoing continuing obligations.

Directors will still have to submit declarations to TISEA in respect of equity listings and listings of retail debt securities.

01-Feb-2021
Advocate Chris Hutley-Hurst joins Walkers' Guernsey funds team as Senior Counsel

Walkers' growth in Guernsey continues with the arrival of Advocate Chris Hutley-Hurst as a Senior Counsel in the firm's Investment Funds & Corporate Law Practice Group.

Chris is a funds lawyer who has been in private practice for 20 years - he is ranked as a Rising Star by Legal 500, has worked in London and New York, and joins Walkers from Carey Olsen's Guernsey office.

He advises on all aspects of investment fund and corporate transactions, including investment fund formation, acquisitions, disposals and regulatory matters, and also on economic substance and taxation matters having worked as an onshore tax lawyer.

He joins the team jointly-led by group partner Matt Sanders and partner Kate Storey.

Matt said: "We are delighted to welcome Chris to the team – he has an excellent reputation in the Island for the quality of his work, and his arrival marks another step forward for our growing practice group."

Fraser Hern, the head of Walkers' Channel Islands business, said: "The global pandemic has not affected our recruitment activity in the Channel Islands - we continue to invest heavily into these markets noting the significant increase in work we are seeing in both offices, as well as the demand for Guernsey and Jersey legal expertise elsewhere in our global network.

"Chris is a very welcome addition to the team, particularly in light of his experience in London and New York, as well as his experience as a Guernsey funds lawyer.  We are delighted to have him in the business."

Chris's arrival follows the October recruitment of associates Jessica George, Chris Knowles and Pascalle Palmer from Kirkland & Ellis, Allen & Overy, and DLA Piper respectively.

01-Feb-2021
Walkers' Lawyers Recognised as Global Elite

Six members of Walkers' global team specialising in Private Capital & Trusts and Trust Disputes have been included in the prestigious Global Elite Directory 2021.

The Private Client Global Elite recognises the top 250 international lawyers working in the fields of private client and trusts and estates litigation – this year's list recognises lawyers from Walkers' Cayman, Guernsey and Jersey offices.

Guernsey partner Alison Ozanne and Jersey senior counsel Sevyn Kalsi are recognised in the "Elite" section of the list, while the Ones to Watch list includes partner Shelley White and senior counsel Lucy Diggle from Walkers' Cayman office, partner Rupert Morris from Walkers' Guernsey office, and partner Robert Dobbyn from Walkers' Jersey office.

Each year more than 6,000 lawyers are recommended by their peers to join the Private Client Global Elite, which is run by Legal Week International, but just 250 are included.

Alison Ozanne said: "It is very flattering to find myself included in such an elite group, many of whom I have the pleasure to work with. It is also great to see that the strength of Walkers' PCT international offering across Guernsey, Cayman and Jersey has been recognised with the inclusion of my talented colleagues."