Guernsey Managing Partner and Head of Dispute Resolution Christian Hay has featured in Legal Business's Disputes Yearbook 2020, the publication which 'charts the mega cases defining London's disputes market'.
In his guest blog, After a busy year in offshore litigation, what lies ahead in 2020?, Christian gives an overview of Collas Crill’s disputes work in 2019, citing it as the firm's 'busiest year' for dispute resolution. He also discusses the challenges and trends that can be expected over the coming year.
On last year's performance, he said:
'2019 was Collas Crill’s busiest year for dispute resolution. Our litigation teams in the British Virgin Islands (BVI), Cayman Islands, Guernsey and Jersey were firing on all four cylinders.
'Indeed, the lion’s share of the firm’s growth over the last few years has been in litigation and dispute resolution. The litigation teams in each of our offices in Guernsey, Jersey, Cayman and BVI have grown by at least 25% in terms of numbers of lawyers in the last 12 months. Some firms are reporting dwindling levels of litigation. Collas Crill, however, has acted for clients in all of the high-profile matters to have recently come before the offshore courts: for example, Carlyle; Crociani; Ocean Rig; Platinum Partners; and Abraaj Holdings.
'Otherwise it has been a year of variety – our litigators have been involved in a broad range of large, complex contentious cases, including general commercial litigation, restructuring and insolvency, trusts, regulatory (including proceeds of crime cases) and other financial services-related disputes.'
Christian goes on to identify a number of trends that will drive an increase in disputes including 'aggressive' regulation, data fraud and recent fiduciary acquisitions and consolidation.
To access the full article online, click here.