Sarah is a specialist in cross-border insolvency and restructuring work.
Sarah has over 23 years’ experience in cross-border Insolvency and restructuring as well as complex international commercial litigation and arbitration matters.
Prior to relocating offshore Sarah practised as a barrister in England from 1988 to 1998 where she undertook a wide range of insolvency, banking and chancery litigation from the leading commercial chambers of Mark Littman QC. She also spent three years in Germany representing the Government of Iran in three International Arbitrations concerning construction and military supply contracts.
As a senior associate at Appleby in the Cayman Islands from 1998 to 2003 Sarah was involved in such notable cases as the liquidation of BCCI (Overseas) - the world’s largest ever banking insolvency; Enron Inc - including the winding up or sale of some 426 Enron Entities incorporated in the Cayman Islands; ICO Global Communications (a US$42 billion restructuring) and Cash4titles - 57 connected liquidations concerning a US$300 million Ponzi Scheme Fraud (representing both The SEC appointed receiver in the US and the Cayman Joint Official Liquidators).
Sarah subsequently worked with another offshore magic circle firm in the British Virgin Islands and the Cayman Islands (most recently as partner and head of litigation and insolvency) before joining Stuarts as counsel in February 2012.
Sarah specialises in cross-border insolvency and restructuring work including fraud, receiverships, asset tracing and corporate recovery. In recent years this has involved a considerable number of distressed funds matters. She has acted for liquidators, directors, fund managers, creditors and investors of failed investment funds. Her recent distressed fund cases include:
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representing the Joint Official Liquidators of the Rye Select Funds, two Cayman Feeder Funds with exposure to Bernard L Madoff Investment Securities LLC.
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representing hfc limited as a court appointed representative party of a class of unpaid redemption creditors in the 22 liquidations of Sphinx Group of Companies (with investor claims exceeding US$730 million and assets in the estate amounting to US$530 million).
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representing creditors in relation to the US$56 million liquidations of two Cayman funds in the Sextant Group.
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advising a UAE bank in connection with its substantial investment in a Cayman fund.
Sarah has also previously advised the Joint Official liquidators of the Lipper Funds; investors in Bear Stearns High-Grade Structured Credit Strategies Funds, The Long-Term Capital Fund and the Optimum fund; and creditors in the High Risk Opportunities Hub Fund.
Sarah has extensive experience in international commercial litigation. She is an experienced advocate and has had regular appearances in the higher and appellate courts (including before Her Majesty’s Privy Council) in England, The British Virgin Islands and the Cayman Islands. In 2011 she represented the Joint Official LIquidators of Saad Investment Company (no 5) , a defendant in the high profile US$9.4 billion “Saad” fraud case [Ahmad Hamad Algosaibi & Brothers - v- Maan Al Sanea & Ors]; and a plaintiff investor in a US$135m hedge fund dispute against a major international bank.
Currently Sarah’s insolvency and restructuring work includes advising hfc limited as a co-promoter of a multi-company Scheme of Arrangement of the Sphinx Group of 22 Investment Funds.
Sarah graduated from the University of Cambridge with a Joint Honours Degree in History and in Law in 1987 and passed the Bar Finals Examination at the Inns of Court School of Law (now City University) in 1988. She obtained a Masters of Comparative Law [Magister Der Rechtsvergleichung] magna cum laude from the University of Bonn, Germany in 1996. Sarah speaks fluent German
Sarah was admitted as a barrister in England and Wales in 1988, as an attorney in the Cayman Islands in 1998 and as a barrister in the British Virgin Islands and in Anguilla in 2004.