Appleby is delighted to welcome litigation specialist Ulrich Payne to the firm’s Cayman Islands office as a Partner, effective 1 June 2022.
Ulrich has advised on a wide range of substantial and significant disputes involving issues of insolvency, restructuring, financial products and services, private equity and contentious boardroom and shareholder issues. He has extensive experience in managing complex, cross-border asset recovery efforts, as well as conducting regulatory investigations for substantial financial institutions including several investment banks international corporate structures and UHNWIs. All of his matters have been concerned with the recovery/retention of multimillion to multibillion U.S. dollar assets, across multiple jurisdictions including the U.S., Europe, the Middle East, Russia and Asia.
Leading legal directory Chambers Global, an independent research company offering an insight into the world’s leading lawyers describe Ulrich as being “Noted for his skilled handling of a wide range of disputes, including insolvency matters. He also has an in-depth understanding of contentious investment funds work. He is very easy to work with, not intimidated by anyone or any case and is absolutely brilliant on fraud cases.” Ulrich is similarly acknowledged and recommended by Legal 500.
Ulrich joins the firm from Kobre & Kim’s Cayman office, where he was a partner in their Disputes & Investigations team. He also served the Cayman Islands government as a contributor to legislative subcommittees tasked with advising on the impact of important proposed legislation, such as contingency and conditional fee and third-party funding arrangements, as well as identifying and resolving procedural and legal issues arising in dissenting shareholder proceedings.
“We have one of the leading dispute resolution practices in the Cayman Islands, and Ulrich’s appointment further strengthens our impressive team,” said Managing Partner, Norman Klein. “Ulrich is a great fit for our practice, being recognised as a hugely capable Cayman practitioner. His deep relationships and significant international experience will further enhance our existing capabilities.”
Tony Heaver-Wren, Appleby’s Practice Group Head, Dispute Resolution said “Ulrich’s experience, energy and trusted adviser status with key on-island and onshore referrers, makes him a unique and compelling addition to our already talented team. Our Dispute Resolution practice in Cayman is going from strength-to-strength, with half a dozen recent strategic recruitments. We are delighted that Ulrich has joined us and that the exponential growth of our practice and the standing of our team in the international market is well-placed to continue.”
The Appleby Dispute Resolution Cayman team consists of internationally recognised litigators who routinely act for largescale, multi-national, high-profile companies and institutions across a variety of industries including financial services, technology & innovation and energy & natural resources, together with officeholders and all stakeholders of such businesses.
On joining Appleby, Ulrich said “I am delighted to be joining a firm with such a strong reputation for excellence, high calibre attorneys throughout its offices and a broad church of highly sophisticated and substantial clients, especially at a time when the firm is actively building on this strong platform through strategic growth.”
Ulrich’s arrival makes Appleby Cayman’s Dispute Resolution team one of the largest and most capable Dispute Resolution practices in the Cayman Islands.