Ranked as a leading set for Offshore, members of 4 New Square have extensive experience of advising on and acting in offshore litigation and arbitration, as well as in UK-based disputes with a cross-border component. We are also regularly instructed to advise on non-contentious legal matters arising abroad.
Our international and offshore work is typically commercial in nature, and often has a financial, fiduciary or equitable element. Recent examples include acting for a Brazilian liquidator in pursuing disclosure orders in the Cayman Islands in a $2billion liquidation; acting for the Central Bank of Trinidad in claims valued at over $3billion relating to the collapse of a major insurance company and financial services provider; acting for Guernsey cell companies in litigation arising out of the collapse of a fund management group; acting in a US$50million claim brought in Mauritius against the auditors of a failed foreign exchange trading operation; and acting for the liquidators of a significant Caribbean bank to trace and recover some $8bn assets lost in a major international Ponzi scheme.
This work is very often focussed in traditional offshore jurisdictions such as Bermuda, the British Virgin Islands, the Cayman Islands, Trinidad and Tobago, Nevis, the Turks and Caicos Islands, Antigua, the Isle of Man and the Channel Islands. However, by way of example, we have worked in a range of other jurisdictions in recent years including: Mauritius, Singapore, Hong Kong, Malaysia, Gibraltar, Switzerland, the United States (New York State, California and Delaware amongst others), Brazil, the United Arab Emirates (including the DIFC).
A number of us – at varying levels of seniority – are admitted to practice in various of these jurisdictions on an ongoing basis. In addition, our barristers are frequent lecturers and public speakers on international and offshore legal topics, and some have drafted offshore legislation.