David Griffin specializes in corporate finance and restructuring. Mr. Griffin has close to 20 years of experience, including 12 years based offshore, during which time he has been involved in some of the largest restructuring, insolvency and enforcement matters in the region involving investment funds, offshore banks, insurance companies, complex groups of companies, fraudulent investment schemes and failed structured finance vehicles. He has industry expertise in financial institutions and real estate and infrastructure.
Mr. Griffin has extensive experience devising and managing wind-down plans for both distressed and non-distressed investment funds, having acted as adviser, director, liquidator, receiver and/or trustee of investment fund entities. Recent examples of his previous engagements include the wind-down of a highly leveraged master/feeder fund structure facing liquidity pressure due to margin calls. This involved managing the realization of equities, CFDs, OTC options, warrants and other complex derivative positions.
Mr. Griffin also recently led the wind-down of 27 alternative investment funds on behalf of a major financial institution following a commercial decision to close its fund of funds platform. He was responsible for managing the redemption process for investments in underlying funds, dealing with the disposal of residual illiquid positions, resolving complex disputes and other contingent claims, as well as dealing with regulatory issues and active investor communication. Mr. Griffin also has extensive expertise dealing with wind-downs of private equity funds. He is currently dealing with a fund with substantial real estate assets located in LATAM and is leading the wind-down of a natural resources fund with residual investments in Africa and other emerging markets.
Mr. Griffin's recent restructuring and insolvency engagements include acting as provisional liquidator of a market leading automotive after-market services group to complete a debt restructuring and sale of the operating group to a strategic purchaser and compromise residual noteholder debt by a scheme of arrangement. He currently acts as Joint Official Liquidator of LDK Solar Co. Ltd, the ultimate holding company of a group engaged principally in the design, development, manufacturing and marketing of PV products and the development of power plant projects in the PRC and certain overseas markets.
Other recent roles have included acting as financial adviser to a bond trustee with $1 billion exposure to an oil & gas services group, adviser to a multi-bank syndicate in relation to a distressed mining asset in LATAM and joint official liquidator of a Cayman company used to hold significant family investments in real estate interests in North America following a dispute amongst the shareholders.
T: +1 345 743 6831
Suite 3212, 53 Market Street
Grand Cayman, KY1-1203
Asset Tracing & Recovery
Bankruptcy Process & Contingency Planning
Creditor Rights, Relations & Negotiations
Litigation Support & Consulting Services
Restructuring / Turnaround Services