Our People - Richard Annette

Richard is recommended by Legal500

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Richard Annette

Senior Associate

Direct Line:+1 (345) 814-7920
Mobile:+1 (345) 325-6396
Email: richard.annette@stuartslaw.com

Richard has over 16 years experience in complex international commercial litigation, arbitration and insolvency matters.

Richard qualified as a solicitor in England and Wales in March 1995 and has over 16 years experience of complex international commercial litigation, arbitration and insolvency matters. He was admitted as an Attorney-at-Law in the Cayman Islands in June 2000 and joined Stuarts Walker Hersant in March 2005. He has consistently been recommended by the Legal 500 in respect of litigation work in the Cayman Islands.

Having previously worked for over 5 years at Clifford Chance in London and for over 2 years at White & Case in London, Richard’s experience includes a wide variety of corporate, commercial and insurance disputes.

These include:
•advising as to directors duties, acting for both investment funds and investors in connection with disputes concerning redemptions, suspensions, gate provisions and with regard to fund documentation generally as well as acting in winding-up proceedings commenced by fund shareholders;

•advising on various cross-border disputes concerning funds;

•acting in a wide variety of commercial disputes including obtaining and seeking the discharge of Mareva Injunctions and other ancillary relief, advising as to the cross-border effect of Mareva Injunctions granted by the Cayman Islands Courts, breach of contract actions, asset-tracing matters, complex multi-jurisdictional fraud disputes, breach of fiduciary duty claims, garnishee proceedings and misrepresentation claims;

•advising and challenging the grant of Norwich Pharmacal and Bankers Trust Relief before the Grand Court in the context of Brazilian Bankruptcy Proceedings and claims over assets in excess of US$500 million;

•acting for banks in connection with compliance and regulatory matters generally, including reporting to the Cayman Islands Monetary Authority and the Financial Reporting Authority and in drafting anti money laundering policies and procedures. Richard has also advised on disputes relating to banking confidentiality, breach of bank mandate claims, interpleader proceedings and a range of other banking and regulatory matters;

•acting for creditors in multiple winding-up proceedings; for a Cayman Islands limited partnership in winding-up proceedings for a company subject to heavily contested winding-up proceedings leading to appeals to both the Cayman Islands Court of Appeal and the Privy Council, for a group of shareholders in an action to remove a voluntary liquidator, in proceedings seeking the recognition of an English Receiver in the Cayman Islands, for directors of a BVI company resisting the recognition of a BVI liquidator in the Cayman Islands and in connection with U.S. SEC investigations including conducting negotiations with an SEC appointed receiver;

•advising insurance companies in connection with membership disputes, Lloyd’s underwriters in connection with professional indemnity claims, as well as advising generally on insurance policy terms and conditions;

•advising insurers in respect of a range of claims before both the Cayman Islands Courts and in Mediation;

•providing trust advice and advising on amending trust deeds;

•obtaining Cayman Islands recognition for a foreign appointed receiver; and

•recent reported decisions include:-

•Culross Global SPC Ltd –v- Strategic Turnaround Master Partnership Ltd, (the Privy Council) [2010]UKPC 33, [2010] UKPC 33, [2010] ALL ER (D) 296, Privy Council

•In the Matter of Strategic Turnaround Master Partnership Limited [2008] CILR, 447 Cayman Islands Court of Appeal;

•Angel –v- Aubrecht, [2007] CILR 251, Cayman Islands Court of Appeal; and

•In the Matter of Cairnwood Global Technology Fund Limited [2007] CILR 193.

Richard has extensive international arbitration experience having been involved in various ICC, LCIA, UNCITRAL and LMAA arbitrations, including appearing before Arbitral Tribunals.

Richard graduated from the University of Bristol with a LLB (Hons) in Law in 1991 and passed the Law Society Finals Examination in 1993. He is an Accredited Mediator and a member of both the Law Society of England and Wales and the Cayman Islands Law Society. He has appeared in both the Grand Court of the Cayman Islands and Court of Appeal in the Cayman Islands as well as acting in proceedings before the Privy Council.

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