Andrew Peedom is an unflappable lawyer, always able to look through current matters to predict potential issues ahead and steer you through.
a very competent lawyer who thrives on taking on difficult situations, provides strong advice, and is not afraid to provide an opinion.
Andrew joined the firm in July 2019 as Counsel in our International Private Client & Trusts team.
Andrew has a broad range of commercial litigation experience and frequently advises in relation to complex multi-jurisdictional disputes. He regularly acts for trustees, settlors, protectors, enforcers and beneficiaries in relation to trust disputes (both contentious and non-contentious). His practice also includes advising in relation to shareholder disputes, fund disputes and for dissenting shareholders in proceedings for the determination of the fair value of their shares. He also advises on regulatory matters.
Andrew was admitted as a Solicitor of the Supreme Court of New South Wales in 2001, the High Court of Australia in 2003 and as an attorney of the Cayman Islands in 2017. He has worked offshore since 2010, first in Guernsey, where he was heavily involved in one of the largest trust disputes in the Channel Islands, before moving to the Cayman Islands in late 2016.
Andrew is a member of the Cayman Islands Legal Practitioners Association, the Society of Trust and Estate Practitioners (STEP) and the STEP Council for the Cayman Islands' branch.
Changes of trustee documents (DORA or IORAs) usually contain indemnities from the incoming trustee to the outgoing trustee which are often hotly negotiated and can be complex. A change of trustee also presents a good opportunity for the incoming trustee to undertake a due diligence exercise by reviewing the trust documents, ensuring that the previous chain of trusteeship is intact and ensuring that the outgoing trustee ratifies or rectifies any flaws in the trust or the trust documents before the trusteeship is handed over. We have considerable experience in narrowing the issues in these negotiations. We are also well versed in assisting our trustee clients in mitigating risk by spotting (sometimes very significant flaws) in trusts before they are taken on and by ratifying previous discrepancies in a commercial manner – commonly without necessitating the involvement of the court.
We represent trust corporations, HNWIs, individual trustees and beneficiaries, often dealing with novel points of law and creating new and innovative solutions to fit the needs of our clients. Given the international scope of settlors, investments and assets, we often co-ordinate advice from our multi-jurisdictional teams, meaning that our clients benefit from the knowledge and depth of experience of our people around the globe.
We provide fast, cost-effective and sensitive advice on all manner of will related disputes during what is often an extremely upsetting and distressing time for those concerned. We regularly act on multi-party actions for both plaintiffs and defendants.
When your business is involved in any kind of legal dispute it's crucial to work with lawyers who are hands-on, cost-effective and flexible enough to respond quickly and intuitively to your unique situation and needs. We know that there are many different ways a dispute can be resolved and work closely with our clients to understand every aspect of their business, priorities and goals. This allows us to find the best way forward for our clients and to advise on the commercial implications of a dispute, ensuring the process remains as stress-free as possible. Our approach is practical, responsive and tailored to the client's interests. Our expertise and reputation means we're first choice for a range of clients, including banks, trust companies, high net worth individuals and top law firms.
As global legislation, regulation and taxation constantly change and become more complex, it has never been more important to make long-term plans to secure your future, the future of your family or your business. We cut through the legal jargon to provide clear, practical advice when you most need it and anticipate the challenges you are likely to face so that you can rest assured you and your family are in safe hands at every step of the way.
The duties of a trustee plays in managing the trust assets and dealing with beneficiaries not only vary from jurisdiction to jurisdiction, but are dictated by trust agreement and its nuances, the type of trust and its specific purpose. Advising on trustee duties is a rapidly growing area given the increasingly complex legal and regulatory framework to which trustees must adhere. Importantly, trustees are becoming increasingly aware of the advantages of acting early and seeking advice on their duties – particularly in situations of potential conflict or stress. Trustees are also making more use of the courts in asking for directions or in having "momentous decisions" blessed.
We work closely with trust and fiduciary businesses and their clients to build strong relationships based on trust, confidence and a deep understanding of their priorities and needs. We have an extensive range of experience in terms of particular products or service lines, including pensions and Shariah, and many of the team have worked in the other international off and onshore jurisdictions prominent in the world of wealth management. We have associated skills in dispute resolution, risk and regulatory, and image protection. We ensure that thought has been given to the composition of the team on every piece of work we do, and use our mix of skill and experience effectively.
Collas Crill has been named in tier 1 of the 2021 eprivateclient Top Offshore Law Firms. The 2021 eprivateclient Top Offshore Law Firms rankings are based on a survey of...
This article was first published in STEP Journal (volume 29, issue 2, pp 31-33) The Grand Court of the Cayman Islands (the Court) has delivered a judgment that illustrates...
This article was produced by Andrew Peedom of Collas Crill and Michael Halsey of JTC for Trust Cayman 2021. To view this publication in full, click here. Cayman has faced...
There have been a number of recent amendments to the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA) reporting regimes in the Cayman Islands...
The Grand Court of the Cayman Islands (the Court) has recently held that where a lacuna existed in the applicable law, the Court's broader supervisory jurisdiction over the...
In recent years, the reporting obligations on trustees worldwide have been increasing incrementally, with FATCA and the Common Reporting Standards imposing an extra annual...
Showing 6 of 12 ResultsLoad more