Leading offshore law firm, Mourant Ozannes, has announced that litigation partner Shaun Folpp will head to the firm’s Hong Kong office to establish a contentious restructuring and litigation offering to Asia based clients.
The move will build on the substantial amount of BVI and Cayman Islands litigation, restructuring and insolvency work already being undertaken by the firm in the region. Shaun, who will be practising BVI and Cayman law, will spearhead the growth of a dedicated litigation practice to support the existing corporate, finance, investment funds and international trust work.
Paul Christopher, Hong Kong managing partner said: “The growth of the Hong Kong office underpins the importance of the Asia market for Mourant Ozannes, and our commitment in providing a technically excellent, high quality offshore service in Asia. We’re delighted to welcome Shaun to the office. Shaun’s move to the firm’s Hong Kong office is in direct response to the success and growth the firm has been experiencing in Asia and increasing client demand.”
This latest development reiterates the significance of the region as an area of focus and growth for the firm. Since opening in Asia over three and a half years ago the strategy of the office has been to focus on top tier clients and mandates, leveraging the market leading position Mourant Ozannes maintains in each of its home jurisdictions. The office continues to exceed expectations with revenue increase close to 40 per cent year on year.
“I’m looking forward to developing our litigation and insolvency practice in Hong Kong. Our Asian clients will benefit from on the ground advice from the world’s largest and top ranked offshore litigation practice. Just in the past two years, we have advised on the liquidations of the Kingate Funds, Weavering Macro Fixed Income Fund, Victory Life & Pension Assurance Company, Primeo Fund, the claim against Maan Al Sanea and Saad Companies, the restructuring of Arcapita Investment Holdings Limited and ongoing litigation in respect of Carlyle Capital Corporation Limited, R2R Funds and YT Charitable Foundation (International) Limited” Shaun added.
Shaun, who is currently head of the firm’s litigation and insolvency department in the BVI, joins a team in Hong Kong that has achieved impressive growth welcoming nine new starters over the past 12 months, which included Claire Fulton as Counsel from Hogan Lovells, Paul Trewartha, from Morgan Stanley Private Equity and Jessica Lee from Linklaters.
The firm’s BVI office also continues to grow with Eleanor Morgan and Nicholas Fox set to become partners, subject to work permit approval.
Shaun has extensive experience acting both for and against insolvency practitioners in all forms of external administrations, as well as acting for parties involved in general commercial, financial services and trust disputes. He also advises in relation to corporate governance matters, including in relation to director’s duties, in addition to the duties owed by trustees and general partners. He has been retained by some of the world’s largest accounting firms, including Deloitte, Ernst & Young, KPMG and PwC, and regularly acts for investment funds, their service providers, and investors.
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