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).
