Distressed Funds

Walkers' Distressed Funds team offers British Virgin Islands, Cayman Islands, Guernsey, Irish and Jersey law advice on a global basis to funds that have become distressed as a result of trading losses, illiquidity or other factors.

We have acted for the funds themselves, their investors (including institutional, individuals and fund of funds), service providers and other affected financial institutions.

We provide immediate advice of a practical nature in what is often a pressured, difficult and legally complex situation.

If a distressed fund's turnaround is not achievable, we have the largest and most highly regarded offshore insolvency and dispute resolution practice to advise the fund on the most appropriate liquidation/bankruptcy strategy to preserve or maximise investor value. Almost always such proceedings involve bankruptcy processes in the British Virgin Islands, Cayman Islands and elsewhere (for example, through Chapter 15 proceedings under the US Bankruptcy Code).


BRITISH VIRGIN ISLANDS
Ashley GunningPartnerT +1 345 914 4251ashley.gunning@walkersglobal.com

CAYMAN ISLANDS
Rupert BellPartnerT +1 345 914 4203rupert.bell@walkersglobal.com
Ashley GunningPartnerT +1 345 914 4251ashley.gunning@walkersglobal.com
Caroline WilliamsPartnerT +1 345 914 6342caroline.williams@walkersglobal.com

GUERNSEY
Sam ShiresPartnerT +44 (0)1481 748 916sam.shires@walkersglobal.com
Matt SandersGroup PartnerT +44 (0)1481 748 914matt.sanders@walkersglobal.com

IRELAND
Noeleen RuddyPartnerT +353 1 470 6650noeleen.ruddy@walkersglobal.com
Jonathan SheehanPartnerT +353 1 470 6639jonathan.sheehan@walkersglobal.com
Andrew TraynorPartnerT +353 1 470 6632andrew.traynor@walkersglobal.com

JERSEY
Jonathan HeaneyManaging PartnerT +44 (0)1534 700 786jonathan.heaney@walkersglobal.com
Fraser HernGroup PartnerT +44 (0) 1534 700 780fraser.hern@walkersglobal.com