In its annual list, ALB highlights some of Asia’s distinguished lawyers working with offshore law firms. These legal professionals have outperformed their peers and earned wide recognition from their clients with high-quality advice and support.
Nicholas Plowman
Can you tell me about your notable work in the past year?
We have been busy with a broad diet of investment funds work in both the Cayman Islands and BVI. With the recent advent of the private funds law in both jurisdictions, we have seen a number of single investment project vehicles being established, generally domiciled in the BVI. We have also seen a real rebound in crypto-related work structured through Cayman and BVI using Cayman foundations and BVI SPVs. We are also seeing the evolution of decentralised autonomous organisations (DAOs) in this space and the demand for Cayman vehicles to represent the legal personality for these organisations. We expect to continue to see the evolution of these types of blockchain arrangements in Asia, with Cayman and BVI being at the forefront as domiciles in this context.
What are some of the attributes that clients look for in their offshore lawyers?
Intimate knowledge of the law combined with genuine commerciality, so the client is getting the best outcome they possibly can. The best offshore lawyers don’t advise in a vacuum and have to understand the onshore requirements in detail as well, working with onshore counsel to get the best result.
What motto or philosophy do you live by?
Enjoy what you do or you will suffer the consequences.
Anthony Oakes
Can you tell me about your notable work in the past year?
There continues to be a mixture of work – both new money deals and some down-market aspects. The downmarket work has included liquidations, sales of assets of distressed clients and opportunistic mergers and acquisitions around distressed or undervalued assets. As the effects of Covid continue in Hong Kong, much of my focus has been internal – checking that colleagues and team members are well motivated and happy.
What are some of the attributes that clients look for in their offshore lawyers?
I think some of the main attributes are responsiveness, willingness to help and the ability to explain concepts clearly. I find that the ability to tailor responses, depending on the client, is also important. As offshore lawyers, we are lucky that many of our clients are knowledgeable and experienced, often being lawyers themselves. Accordingly, their questions will typically be quite specific – for example, how does Cayman/BVI law differ from, say, Hong Kong or English law, on a particular point. However, less experienced clients seem to appreciate it if you set out more background and colour in your response. Remaining calm and focused is also helpful, closer relationships with clients are often forged when challenging issues arise.
What motto or philosophy do you live by?
I am currently reading the new autobiography of Billy Connolly, the famous Scottish comedian and actor. One of his philosophies that I like is, “Do what makes you happy, be what makes you happy.” Finding what makes you happy is not always easy. However, if you are lucky enough to find it,
then I think it is really worthwhile to follow through with it, even if others disapprove. Within Ogier, I have seen lawyers become happier just through pivoting their roles – whether it be having employer support to work remotely more often, joining an internal committee (in relation to diver-sity and inclusivity, or ESG, for example) or taking on some pro bono work.
Kate Hodson
Can you tell me about your notable work in the past year?
Demand in Asia for offshore investment fund structures (predominantly Cayman and BVI) has remained strong over the last year, despite headwinds arising from the challenges of the pandemic and competition from other onshore fund products. Notably, we have seen a rise in interest in BVI fund structures, particularly in the closed-ended context. Our work with funds focused on or incorporating sustainability themes into their investment strategies has really picked up over the last year and this topic is probably one of our most well-attended webinars. Working with such clients has been particularly rewarding as Ogier is in a position to provide a value-add which is unique in the offshore context. Namely, combining sustainability expertise with legal expertise and backed up by our ability to advise on European sustainability-related regulations given our Luxembourg offering (which is soon to be further enhanced following our merger with Leman Solicitors in Ireland).
What are some of the attributes that clients look for in their offshore lawyers?
Clients need lawyers who can adapt to the specific needs of that client. Lawyers that can spot potential issues, thereby helping to allay challenges down the line, as well as being creative in helping to solve problems. Giving to the point and commercial advice is also key. An approach I encourage my team to take is to put themselves in the shoes of the client; have we told them all they need to know, in a manner which is clear and concise, and in good time?
What motto or philosophy do you live by?
Don’t do things by halves, and if you say you’re going to do something, do it.
Nicholas Plowman
Partner
E: nicholas.plowman@ogier.com
Anthony Oakes
Partner
E: anthony.oakes@ogier.com
Kate Hodson
Partner and Head of ESG (Legal)
E: kate.hodson@ogier.com
