Philip Paschalides

Philip Paschalides

Partner

T +1 345 814 4675
M +1 345 525 7308

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Practice Areas

Philip Paschalides is based in Walkers' Cayman Islands office and is a partner in the firm's Finance & Corporate Group.

He specialises in debt capital market issuances, securitisations and structured products, including CLNs/repackagings, CLOs, catastrophe bonds, insurance-linked securities and bespoke structured transactions. He frequently represents lenders on secured and unsecured lending transactions, in particular within the hedge fund and private equity fund context. 

Over the years, Philip has acted on a number of "pathfinder" transactions, developing structured finance technology which has since become market standard; some of this has been employed recently in the loyalty financing transactions executed by various large US airlines affected by the COVID-19 pandemic on which Walkers acted as Cayman Islands counsel. Over the 2001 financial crisis, he also had an active restructuring practice, dealing with large corporate restructurings as well as the restructuring of complex structured finance transactions such as CDOs and SIVs.

Philip is also a member of the multi-disciplinary Private Capital & Trusts Group, where he represents private clients and family offices on the financial aspects of cross-border transactions in which they participate. He also assists with the relocation of UHNW individuals and families to the Cayman Islands, the structuring and establishment of family offices/private offices as well as the establishment of new businesses within (or the redomiciliation of existing businesses to) the Cayman Islands.

Prior Employment Experience

Philip spent his pupillage year at 3 Verulam Buildings, a specialist banking and finance chambers in London. He then moved to Sidley Austin in London, where he spent approximately four years working in a dedicated securitisation and structured finance team. While there, he was also seconded for a short period to the legal department of a specialist emerging markets bank in the City of London.

While at Sidley Austin, Philip worked for arrangers, issuers, credit enhancers, monoline insurance companies and trustees on a wide range of structured finance transactions involving numerous asset classes and employing various structures and techniques. He also represented financial institutions on numerous cross-border lending transactions.

Admitted in & Qualifications

Admitted In:
Cayman Islands
England and Wales (not practising)

Qualifications:
Double First in English & Theology, University of St. Andrews, Scotland, UK
Diploma in Law/CPE (Commendation), City University in London, UK
Certification in Investment Migration, Investment Migration Council

Other Distinctions

2022 Chambers Global - Notable Practitioner - Corporate & Finance - "He is very smart and has a keen insight on legal matters." "He is immensely capable and intelligent. Nothing gets past him."

2022 Legal 500 - Leading Individual - Banking, Finance & Capital Market - ‘Exceptionally smart, not just on a relative level to those in his jurisdiction, but relative to international practitioners.'

2022 Legal 500 - Recommended - Insurance & Reinsurance - "Philip Paschalides has extensive structuring and deal expertise that helps guide clients through the process and reach their desired strategic objectives."

2022 Legal 500 - Recommended - Trusts & Private Client

2021 IFLR 1000 - Market Leader

2021 Who's Who Legal - Recommended - Capital Markets: Debt & Equity

2021 Chambers and Partners - Notable Practitioner - Corporate & Finance - "One of the top Cayman lawyers I have dealt with. [He is] extremely sharp." Sources enthuse that "he is very experienced and very good at explaining difficult concepts."

2021 Who's Who Legal - Recommended - Banking & Finance

2021 Legal 500 - Leading Individual - Banking, Finance & Capital Market

2020 Who's Who Legal - Global Leader - Banking & Finance

2020 Chambers and Partners - Notable Practitioner - Corporate & Finance - "One source described him as a "dean" of the legal community, elaborating: "He has a long track record of representing top investment banks and hedge funds. He knows the market and the relevant issues well. We place great trust in his experience."

2018-2020 Legal 500 - Leading Individual - Banking, Finance & Capital Markets - "Philip Paschalides is 'smart, responsive and creative'"

2016-2020 IFLR 1000 - Market Leader - "Philip Paschalides is 'great, commercial and has deep knowledge of the fund finance world'."

2019 Who's Who Legal - Global Leader - Capital Markets - Debt & Equity

2014-2019 Chambers and Partners - Notable Practitioner - Corporate & Finance - "Philip is a "star lawyer" in the Cayman Islands. His clients value him as "a very reliable lawyer - responsive, intellectual and capable of deep thinking." His specialist areas include debt capital market issuances, securitisation, CLOs and insurance-linked securities."

2016-2019 Legal 500 - Recommended Lawyer - Corporate & Commercial - "Philip Paschalides is ‘very knowledgeable and understands the commercial issues at hand’."

2018 Who's Who Legal - Banking & Finance

2015 Legal 500 - Highly Rated - Corporate & Commercial

2014 Legal 500 - Insurance - "Philip Paschalides ‘always goes the extra mile, making sure the end-product exceeds expectations and is of the moment’."

2012-2013 Legal 500 - "Philip Paschalides is 'extremely responsive, helpful and technically astute'."

2013 Chambers Global Guide - "Clients say: 'He is really the go-to guy in Cayman and our first port of call for any Cayman Islands-related advice'."

2010-2012 IFLR 1000 - Leading Cayman Islands Lawyer - "Of partner Philip Paschalides, one client remarks: 'He has a very clear understanding of the documents and the law. I trust his analysis and he's very willing to explain things'."

2009-2011 Chambers Global Guide - "Very good - one of the best finance lawyers here."

Boards & Associations

Philip is an Associate Member of the Investment Migration Council.

News, Matters and Publications

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MEMO

"Exceptionally smart, not just on a relative level to those in his jurisdiction, but relative to international practitioners."

Legal 500

 

"One of the top Cayman lawyers I have dealt with. [He is] extremely sharp."

Chambers Global Guide

 

"He has a long track record of representing top investment banks and hedge funds. He knows the market and the relevant issues well. We place great trust in his experience."

Chambers Global Guide

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