Professional Bio:

Fiona MacAdam is a Partner in the firm's Insolvency & Dispute Resolution Group and is based in Walkers' Cayman Islands office.

She has extensive experience of advising debtors, creditors and insolvency practitioners on a broad range of restructuring and insolvency matters, with a particular focus on cross-border restructuring transactions and specialises in advising on both creditor and shareholder schemes of arrangement and formal insolvency procedures in the Cayman Islands.

Fiona has been involved in many of the leading and high-profile multi-jurisdictional restructuring cases in the offshore market over the last decade including, amongst others, the appointment of the very first Restructuring Officers in the Cayman Islands (Oriente Group Limited) following the introduction of the new restructuring officer regime in the Cayman Islands in August 2022.

Fiona has also acted debtor side on the successful cross-border restructurings of MIE Holdings Corporation, Hilong Holding Limited, McDermott International (which won Restructuring Deal of the Year at the 2021 IFLR America Awards), Global Indemnity Group, Mongolian Mining Corporation (which won Restructuring Deal of the Year at the 2018 IFLR Asia Awards), CHC Helicopters Group and the Ocean Rig Group (which remains one of the largest ever successful restructurings by value in the Cayman Islands (c. US$4bn)).

Fiona frequently appears before the Grand Court of the Cayman Islands on debt restructurings as well as corporate restructurings, reorganisations, acquisitions and privatisations of Hong Kong listed entities implemented by way of Cayman Islands schemes of arrangement. 

Amongst other current mandates, Fiona is advising the Principal Liquidators of Herald Fund SPC (In Official Liquidation), a Cayman Islands hedge fund involved in multi-jurisdictional litigation concerning a US$2bn exposure to the Madoff Ponzi Scheme (this role has included advising in connection with a successful $1bn+ settlement with the SIPC Trustee).

Prior to joining Walkers, Fiona worked in the Finance department at Latham & Watkins in London where she specialised in restructuring and turnaround work. She has extensive experience of multi-jurisdictional and cross-border restructuring transactions including advising on a number of schemes of arrangement.

Fiona was recently awarded RISA Cayman Islands Attorney of the Year (December 2022).

Fiona is the Immediate Past Chair for the Cayman Islands network of IWIRC.