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Walkers Admits Young Bermudian Izabella Arnold to the Bermuda Bar

Walkers is delighted to announce the admission of Izabella Arnold, who was called to the Bermuda Bar on Monday 11 October. Izabella joins the Insolvency & Dispute Resolution Group at Walkers following the successful completion of her year-long Pupillage with the firm.

A former arts and theatre major, Izabella submitted to the Court at her admission that she has had an unconventional path to the Bar; but believes her love of theatre, the learned power of language and the rigorous training it involved has served her well in her studies to become a lawyer. "Resilience, sacrifice, diligence, honesty and commitment to the cause are all values instilled in me through theatre and the culmination of my passions and experiences resulted in the decision to be an attorney," Izabella shared during her speech.

"Also, as the eldest of four, my siblings call me bossy; but my mother affectionately calls it "diplomatic". So, I do not think my family were surprised with my chosen career."

Izabella completed her Graduate Diploma in Law and Legal Practice Course in 2019 at City, University of London, and began her Pupillage with Walkers shortly after. "I am immensely grateful to Walkers for believing in my potential and ability. The past 12 months have been a whirlwind of learning and development with an incredible family of mentors and colleagues – much of it under some challenging circumstances. I cannot thank my supervisors, pupil master, and colleagues enough for their time, support and unwavering encouragement."

She also thanked her family and friends for encouraging her and giving her dreams purpose, and promised her parents that as "I become the best version of myself, I will make it all up to thee."

She humbly concluded with: "I do not know where the rest of my journey will take me and I know it will come with many trials and challenges, but I do know I plan to represent my community with the respect it deserves."

In addition to her law degree, Izabella holds a double Bachelor of Arts in English and Theatre, which she obtained from the University of Texas at Austin. She graduated from Warwick Academy in 2012, where she was Deputy Head Girl and House Captain.

She has been a long-time advocate for equal rights in the LGBTQ+ community in Bermuda, and in 2019 won the City Law Society Journal's Bryan Cave Leighton Paisner Diversity Award for her essay Bermuda’s Paradise Status Lost, Found, Missing and Found Again: A Review on Bermuda’s Path to Legalisation of Same-Sex Marriage.

Bermuda partner Peter Dunlop moved Izabella's application before Hon. Justice Mussenden. Izabella is the third pupil to have trained in Walkers' Bermuda office since its pupillage programme launched in 2018.

Welcome to Walkers Virtual Fundamentals Seminar

We look forward to welcoming you to our Annual Walkers Fundamentals Seminar.

Walkers Offers Authorised Representative Services in the BVI

Walkers Professional Services (WPS) in the British Virgin Islands is pleased to announce that it is now offering Authorised Representative Services for entities regulated under the Securities and Investment Business Act (SIBA).

Having expanded to the British Virgin Islands (BVI) earlier this year, WPS is seeing significant demand for these services, which complement its existing client focused services offering.

The role of an Authorised Representative is key in the BVI Financial Services Commission’s monitoring and supervision of licensees. The responsibilities of an Authorised Representative include:

  • acting as the main point of contact for the licensee or mutual fund within the BVI;
  • acting as the keeper of all records and other documents required to be kept by the licensee or mutual fund under the Regulatory Code and the Mutual Funds Regulations; and
  • payment of all fees due to the BVI Financial Services Commission by a licensee or mutual fund.
In conjunction with Walkers law firm, WPS benefits from an infrastructure and scale that allows it to navigate ever-increasing regulatory demands on behalf of our clients, who benefit by accessing the expertise of Walkers’ integrated, market-leading team and best in class legal and professional services.

Accordingly, the team at WPS can take care of all administrative tasks for clients, including:

  • providing ongoing reminders and follow-ups for annual filings;
  • acting as the main intermediary with the BVI Financial Services Commission;
  • accepting documents on their behalf; and
  • maintaining records
In addition, the WPS service offering is fully aligned with Walkers' market leading Regulatory and Risk Advisory practice, which is made up of multiple experts in the financial services, insurance and fintech sectors, and who advise clients on a comprehensive range of regulatory matters.

If you are interested in learning more, please contact one of our experts listed below.

Experienced Banking & Finance lawyer joins Walkers' Guernsey office

Experienced Banking & Finance lawyer Alex Wickens has joined Walkers' Guernsey team.

Alex – rated as a Rising Star by Legal 500 last week – has been in private practice for almost a decade and specialises in real estate financing and Islamic financing matters.

He advises clients on complex structuring arrangements on acquisitions and disposals of UK commercial real estate assets, advising on both borrower and lender side.

Alex joins the team led by Group Partners Zoë Hallam and Kim Paiva.

Walkers' Guernsey Managing Partner Matt Sanders said that Alex's arrival was very welcome.

He said: "We are very pleased to welcome Alex to our busy Banking & Finance team – his experience in real estate financing dovetails neatly with the skills of our existing team, and he has significant experience in practising Guernsey law."

Fraser Hern, the head of Walkers' Channel Islands business, said: "There is a significant international market for Guernsey law advice in respect of real estate finance, asset finance, fund finance and general secured lending, and we continue to recruit and grow our team in response to client demand.

"Client feedback published by Legal 500 just last week highlighted Alex's commercial approach and proactive solutions to complex issues which fits well with our collaborative ethos and standards of excellence in client service."

Walkers and Tramontana Shortlisted for the Financial Times Europe Innovative Lawyers Awards 2021

Walkers Ireland LLP are proud to have been shortlisted in the Sustainable Finance category for the Financial Times Europe Innovative Lawyers Awards 2021 for our work with Tramontana Asset Management ("Tramontana") on their Carbon ABS Programme.

The FT awards acknowledge the most innovative lawyers and legal work across Europe. The awards provide an opportunity to celebrate the prioritisation of sustainability and how the legal sector can bring good to business and society, particularly in these challenging times. The 2021 awards include 109 shortlisted entries across 14 categories submitted by 62 law firms operating in Europe. The 2021 law firm rankings will be announced at a Financial Times event on 14 October 2021.

Walkers worked alongside Linklaters LLP and Tramontana on the establishment of their innovative Carbon ABS Programme which repackages Carbon allowances to meet the growing investor demand for sustainable investment opportunities and ESG investments. Tramontana has experienced very strong investor demand for the product, with in excess of 1.5 billion Euros of Carbon ABS issued across multiple series in 2020 alone.

Commenting on the shortlisting, Walkers Partner Matt Hedigan, said: "This shortlisting demonstrates our commitment as a firm to structuring complex and sustainable cross border financing solutions. Tramontana's platform was among the first to successfully use an Irish Section 110 company to repackage carbon offsets. This structure, and the recognition from the Financial Times, strengthens Ireland’s position as a green finance hub and leading location for structured finance transactions. Congratulations to Paul Jackman, Bharath Manium and the Tramontana team. This is well deserved recognition for their hard work as energy transition industry leaders in bringing this cutting edge product to market"

Tramontana Managing Director, Paul Jackman added: "We are delighted that one of our sustainable finance solutions has been recognised by the Financial Times. Tramontana continues to work on specialised financing solutions designed to accelerate Energy Transition and to combat Climate Change." Managing Director, Bharath Manium, also said: "It is a fantastic achievement to be recognised through this shortlisting for our efforts in advancing the Energy Transition agenda. We believe carbon pricing will be the cornerstone of the journey to net zero and we are immensely proud to have successfully established a platform to help scale and advance the carbon asset class."

Linklaters LLP Partner Vinay Samani also added, “It was a pleasure to work alongside Tramontana and Walkers to develop this innovative solution which underscores the important role finance plays in the path to net-zero. It was particularly pleasing to be able to leverage our strength in structured finance to help the Tramontana team deliver carbon offset exposure to a new investor base. We look forward to working with the Tramontana and Walkers teams on future sustainable finance initiatives.”

The Walkers team was led by Finance Partner Matt Hedigan, together with Head of Tax Jonathan Sheehan, Of Counsel Tax Eimear Burbridge, Regulatory Partner Niall Esler and Finance Associate Andrea Gleasure as well as Fiona de Lacy Managing Director and Brendan McCauley Vice President at Walkers Professional Services.

To read more about the Financial Times Europe Innovative Lawyers Awards and to view the full 2021 shortlist, please click here: https://lawyerseurope.live.ft.com/

Walkers' Guernsey team retains market leading rankings in Dispute Resolution and Insurance with 19 lawyers ranked across seven practice areas

Walkers' Guernsey team has retained its market leading rankings in Dispute Resolution and Insurance work in the latest Legal 500 guide, which has recognised 19 of the firm's Guernsey lawyers for their work across seven practice areas.

The independent directory highlights the work of five of Walkers' band-one ranked Dispute Resolution team; four lawyers in each of Walkers' Banking & Finance, Corporate and Investment Funds teams; three in the Insurance and Private Client, Trusts and Tax teams, and two in the Employment Law team.

Walkers continues to grow its team in Guernsey, which is currently celebrating its fifth anniversary, with recent arrivals including senior counsel Chris Hutley-Hurst and Alex Wickens, and associates Jessica George, Katherine Jensen, Chris Knowles, Pascalle Palmer and Marcel Treurnicht.

Fraser Hern, the head of Walkers' Channel Islands business, said: "Retaining our market-leading rankings in Dispute Resolution and Insurance and seeing more of our people recognised by Legal 500 than ever before is a clear testament to the hard work and skill of our Guernsey team after a period that has presented challenges to all businesses.

"It is particularly pleasing to see the quotes gathered by Legal 500's independent researchers, which consistently refer to our depth of knowledge and our range, and global perspective across key offshore jurisdictions.

"That global perspective is a key differentiator for us. As the largest offshore law firm we are able to leverage the expertise and experience of our expert teams across Bermuda, BVI, Cayman, Dubai, Dublin, Hong Kong, London and Singapore, and this is a point that resonates with our international client base."

The latest edition of Legal 500 recognises: Alison Ozanne (Dispute Resolution) in its Hall of Fame; Sarah Brehaut (Dispute Resolution), Kate Storey (Insurance) and Rupert Morris (Private Client, Trusts and Tax) as Leading Individuals; Zoë Hallam and Kim Paiva (Banking & Finance), Sarah Ash (Employment) as Next Generation Partners; Alex Wickens (Banking & Finance), Jessica Robinson (Corporate & Commercial), Chris Hutley-Hurst (Investment Funds), and Victoria Pratt (Employment) as Rising Stars.

In addition, Matt Sanders (Corporate), Adam Cole, Helena Lavin and Jamie Bookless (Dispute Resolution), Adam Pickering (Insurance), Rajah Abusrewil and Nitrisha Doorasamy (Private Client, Trusts and Tax) are all individually recognised by Legal 500.