Appleby’s Fund Disputes team is an industry leader, being one of the few offshore firms to field a specialist team dealing with fund disputes, and having been involved in a number of high-profile proceedings. Our team of highly skilled and talented fund disputes lawyers have experience that covers all types of funds, including corporate funds, limited partnerships, unit trusts, regulated mutual funds, closed-ended funds and private equity funds. We act for a wide range of parties involved in fund-related matters, including office-holders, directors, auditors, investment managers, shareholders and creditors.

Appleby provides Fund Disputes services in Cayman Islands, Bermuda, British Virgin Islands, Isle of Man, Guernsey, Jersey and Mauritius. We can also call on our experienced Funds and Investment Services team to provide further technical advice.

We regularly provide advice and assistance regarding matters such as:

  • Redemption issues
  • Shareholders’ rights
  • Directors’ liabilities
  • Enforceability of side letters
  • Disputes between service providers
  • Valuation issues
  • Fraud and mismanagement of fund assets
  • Restructuring distressed funds
  • Winding up and dissolution of insolvent funds

Client experience

Representative Work

Advising and representing liquidators

Advising and representing the liquidators in relation to their actions to recover losses for investors who lost US$1.5 billion in the collapse of Bear Stearns subprime-invested hedge fund, the largest and highest-profile hedge fund collapse arising out of the subprime mortgage crisis

Acting for Phoenix Meridian Equity Ltd.

Acting for Phoenix Meridian Equity Ltd. in the first Cayman Islands case on misvaluation to go to trial, raising unprecedented issues about construction of fund investment documentation, and the obligation of funds to disclose underlying hedging transaction costs to investors

Advising Gottex Fund Management Sarl

Advising Gottex Fund Management Sarl on its attempt to redeem a US$40 million investment in CPIM Structured Credit Fund and its challenge through the Cayman Islands Court of the fund’s retrospective imposition of a ‘gate’ on its redemption notice to block the payment of redemption proceeds.

Our Experts

Jared Dann

Partner: Jersey

T +44 (0)1534 818 313
E Email Jared

Charles Davies

Partner: Isle of Man

T +44 (0)1624 647 622
E Email Charles

Tony Heaver-Wren

Partner, Practice Group Head: Cayman Islands

T +1 345 814 2732
E Email Tony

Mark Holligon

Managing Partner: Isle of Man

T +44 (0)1624 647 691
E Email Mark

David Lee

Partner: Cayman Islands

T +1 345 814 2083
E Email David

Fraser Robertson

Partner: Jersey

T +44 (0)1534 818 032
E Email Fraser

Eliot Simpson

Partner: Hong Kong, Shanghai

T +852 2905 5765
E Email Eliot

John Wasty

Partner, Head of Dispute Resolution: Bermuda

T +1 441 298 3232
E Email John

Anthony Williams

Partner: Guernsey

T +44 (0)1481 755 622
E Email Anthony

Claire Corkish

Partner: Isle of Man

T +44 (0)1624 647 951
E Email Claire

Andrew Jackson

Partner: Cayman Islands

T +1 345 814 2738
E Email Andrew

Richard Field

Partner: Guernsey

T +44 (0)1481 755 610
E Email Richard

Richard Sheldon

Managing Group Partner*: Guernsey, Jersey

T +44 (0)1481 755 904
E Email Richard

Paula Fry

Counsel: Guernsey

T +44 (0)1481 755 907
E Email Paula

Service Area Latest
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Hannah Tildesley to Speak at Commercial Bar Association Event

Appleby Bermuda Partner Hannah Tildesley will speak at The Commercial Bar Association (COMBAR) North...

29 May 2023 | News

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This appointment is the third high profile partner hire into the team in the past two years.

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Appleby announces UNESCO Biosphere Isle of Man partnership

Appleby are delighted to announce that they are now a UNESCO Biosphere Isle of Man partner.

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In Parles .A.S. et al v Winsley Finance Limited (Parles)[1], Mangatal J  was recently called upon t...

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The rules of engagement – repeal and revision of the CPR in the BVI

On 25 April 2023 amendments to the Civil Procedure Rules of the Eastern Caribbean Supreme Court were...

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Leave to Appeal to the Privy Council: Sian Participation Corporation (in Liquidation) v Halimeda International Limited

Leave to Appeal to the Privy Council: Sian Participation Corporation (in Liquidation) v Halimeda Int...

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Appleby Guernsey announces new Office Managing Partner

Jeremy Berchem has handed over his role as Office Managing Group Partner to Richard Sheldon with eff...

25 Apr 2023

Singularis Holdings: 10 Years’ Later

In 2013, the Caymanian liquidators of Singularis Holdings Limited (“SHL”) sought information fro...

Contributors: James Batten
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Appleby overturns Prohibition Orders imposed by GFSC

On Tuesday 25 April, the Royal Court of Guernsey handed down its Judgment in the appeal of Domaille,...