BRG Commended by Cayman Court in Long-Running Port Fund Litigation

The Grand Court of the Cayman Islands commended BRG’s Andrew Webb in its judgment in the long-running Port Fund L.P. litigation which concerned claims alleging losses of more than US$150 million.

Instructed by Campbells, whose clients successfully defended all claims brought against them, Mr. Webb provided written expert reports and oral testimony on the reasonableness of the fees charged by the Port Fund’s investment banking adviser. His evidence addressed market benchmarking and the circumstances and risks of underlying transactions.

The Court described Mr. Webb as “an impressive witness who was of assistance on key issues” and “fair and cautious in his views”.

Mr. Webb was assisted by Kevin Hagon.