Walkers advises on the laws of Bermuda, the British Virgin Islands (BVI), the Cayman Islands, Guernsey, Ireland and Jersey. We are experienced in all types of international and cross-border transactions covering a broad range of sectors with a particular focus on both contentious and non-contentious corporate and finance law, investment funds, private equity, structured products, capital markets, regulatory and risk advisory, and private capital and trusts.
Walkers Professional Services provides registered office, corporate, and fiduciary services from Bermuda, the Cayman Islands, Dubai, Hong Kong and Ireland. We also provide compliance services from the Cayman Islands through Walkers Compliance, a one-stop-shop which helps clients address evolving Anti-Money Laundering Regulations, including outsourcing and supporting their compliance functions. Working together with Walkers law firm, Walkers Professional Services delivers a seamless integration of legal, corporate, fiduciary and compliance services.
Walkers delivers clear, concise and practical advice based on an in-depth knowledge of the legal, regulatory and commercial environment in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.
Philip Paschalides is based in Walkers' Cayman Islands office and is a partner in the firm's Global Finance and Corporate Groups. Philip specialises in debt capital market issuances, securitisations and structured products, including repackagings, CLOs, catastrophe bonds, insurance-linked securities and bespoke structured transactions. Philip frequently represents lenders on secured and unsecured lending transactions, in particular within the hedge fund and private equity fund context. Over the financial crisis, Philip 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 client and capital practice, where he represents private clients and family offices on the financial aspects of cross-border transaction in which they participate.
Philip spent his pupillage year at 3 Verulam Buildings, a specialist banking and finance chambers in London. He then moved to Sidley 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, 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:Cayman IslandsEngland and Wales (not practising)Qualifications:Double First in English & Theology, University of St. AndrewsDiploma in Law/CPE (Commendation), City University in London
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."
2020 Legal 500 - Leading Individual - Banking, Finance & Capital Markets
2020 IFLR 1000 - Market Leader
2019 Who's Who Legal - Global Leader - Capital Markets - Debt & Equity
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."
2019 Legal 500 - Recommended Lawyer - Corporate & Commercial
2019 Legal 500 - Leading Individual - Banking, Finance & Capital Markets - "Philip Paschalides is 'smart, responsive and creative'"
2019 IFLR 1000 - Market Leader
2018 Chambers Global Guide - (Corporate & Finance) A Notable Practitioner. "Philip Paschalides is described as "a lawyer who can handle the most complex and sizeable matters." One peer said: "He has wonderful judgement and knows everything there is to know about Cayman matters. He is very intelligent and very astute." Another insider remarked that "technically, he is one of the best ever."
2018 Legal 500 - Leading Individual - Banking, Finance & Capital Markets
2018 Legal 500 - Recommended Lawyer - Corporate & Commercial
2018 Who's Who Legal - Banking & Finance
2018 IFLR 1000 - Market Leader
2017 Chambers Global Guide - (Corporate & Finance) A Notable Practitioner. "A range of sources agree that Philip Paschalides is a 'very bright guy' and 'a leader in the structured finance field'. They are impressed by his 'deep understanding of the law' and the way in which he 'tempers his academic understanding with a down-to-earth and practical approach'."
2017 Legal 500 - Recommended Lawyer (Corporate & Commercial) - "Philip Paschalides is ‘very knowledgeable and understands the commercial issues at hand’."
2017 IFLR 1000 - Leading Lawyer - "Philip Paschalides is 'great, commercial and has deep knowledge of the fund finance world'."
2016 Chambers Global Guide – (Corporate & Finance) A Notable Practitioner. "Philip Paschalides has a reputation as one of the most technically adroit corporate and finance lawyers in the Cayman Islands."
2016 Legal 500 - Recommended Lawyer (Corporate & Commercial)2016 IFLR 1000 - Leading Lawyer2015 Chambers Global Guide – (Corporate & Finance) A Notable Practitioner2015 Legal 500 (Corporate & Commercial) - Highly Rated2014 Legal 500 (Finance & Corporate) - "Philip Paschalides is ‘on top of everything and eager to get the right result’."2014 Legal 500 (Insurance) - "Philip Paschalides ‘always goes the extra mile, making sure the end-product exceeds expectations and is of the moment’."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'." 2012 Legal 500 - "The 'solution-focused' Philip Paschalides 'provides clear and unequivocal advice'."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'."2011 Chambers Global Guide - "Very good - one of the best finance lawyers here." 2010-2011 IFLR 1000 - Leading Cayman Islands Lawyer2010 Chambers Global Guide - "Peers praise his ability to adapt to changing markets with ease, due to his diverse background across the finance spectrum and his restructuring experience." 2009 Chambers Global Guide - "Philip Paschalides has made an impression on the market as 'one of the best capital markets practitioners' in the jurisdiction."
"A range of sources agree that Philip Paschalides is a 'very bright guy' and 'a leader in the structured finance field'."
"Philip Paschalides has a reputation as one of the most technically adroit corporate and finance lawyers in the Cayman Islands."