Ulrich Payne

Partner Cayman Islands
Ulrich Payne
Great to work with - a real team player who can be relied on to fight a client's corner Legal 500 Caribbean, 2020


Ulrich is a partner in the Cayman office's dispute resolution team. His practice focuses on a wide range of disputes, usually relating to complex financial products, investment funds, contentious restructuring and insolvency matters, private equity, director and shareholder issues, and/or company valuations. Ulrich has significant experience in banking, contentious insolvency and shareholder disputes.
  • Background & experience

    Ulrich's cases are invariably high value, involving complex multi-jurisdictional elements.

    Ulrich has considerable experience in court proceedings, having appeared in the English High Court and the Cayman Islands Grand Court, as well as the English and Cayman Islands Court of Appeal and the Privy Council. He also has extensive experience in international arbitration, having advised on arbitrations conducted before the ICC, the LCIA and SIAC, as well as ad hoc arbitrations.

    He has advised on numerous cross-border, multi-million and multi-billion US dollar disputes across Europe, the Middle East, the USA and Russia. He has also conducted regulatory and ad hoc investigations for investment banks and other financial/international corporate institutions.

    Some examples of Ulrich's recent work includes:

    • Acting for dissenting shareholders in numerous proceedings brought under Section 238 of the Cayman Islands Companies Law in which the shareholders were seeking to receive fair value for their shares upon a merger or consolidation
    • Acting for the liquidators of the Argyle Fund SPC, the victim of a well-publicised international fraud, in respect of auditor negligence claims, enforcement proceedings across numerous jurisdictions against a number of fraudulent credit advisors, and advising on the proper liquidation of Argyle's highly complex structure and payment distribution model
    • Acting for VRG Linhas Aeareas S.A., a Brazilian airline, in bringing proceedings for the  recognition and enforcement of a multi-million dollar ICC arbitral award obtained in Brazil
    • Acting for one of the global leaders in electronic market-making in seeking to challenge and reverse arbitrary actions by several regulators coordinated across several jurisdictions, requiring numerous applications and appeals to be made to the Privy Council

    Some of Ulrich's key clients include: Essar Group Fund Limited, FTI and VRG.

    Ulrich is an advocate and appears regularly in the Cayman Islands Grand Court. He is also admitted in the British Virgin Islands.

    Ulrich contributes to legislative subcommittees tasked with advising the Cayman Islands government on the impact of important proposed legislation, such as contingency and conditional fee and third party funding arrangements, as well as identifying and resolve procedural and legal issues arising in dissenting shareholder proceedings.

    Prior to joining Ogier in 2015, Ulrich was a partner in Kirkland & Ellis’ Litigation and International Arbitration practice. Having previously spent a number of years as part of the financial disputes teams at Simmons & Simmons and Hogan Lovells, he has represented leading investment banks, hedge funds and other financial institutions, as well as major multinational corporations and insolvency practitioners in a variety of UK and cross-border matters.

    Ulrich obtained his LLB from Durham University in 1999 and went on to complete his LPC at the College of Law, Guilford in 2000.

    Ulrich continues to garner praise in the industry and is widely viewed as a trusted, knowledgeable advocate who is "very hands-on", "very intelligent" and "great to have in a client's corner".

    Ulrich was shortlisted for RISA (Cayman) Insolvency Lawyer of the Year 2017  is currently recognised as "up and coming" by Chambers and Partners and recommended by Legal 500.

    Admitted in:

    2016 - British Virgin Islands

    2015 - Cayman Islands

    2002 - England and Wales (non practising)

    Interested in working at Ogier? Find out about our latest vacancies.
  • Recognition

    Great to work with - a real team player who can be relied on to fight a client's corner Legal 500 Caribbean, 2020
    A very gutsy litigator who is fabulous with clients and technically excellent on commercial cases Chambers Global, 2019
    Hands-on, realistic and sensitive to the equities of cases, while profoundly understanding the local courts and the appeals process. Legal 500 Caribbean, 2019
    "handles difficult situations with ease" Who's Who Legal, 2019
    "An outstanding lawyer" Who's Who Legal, 2019
    Great to have in a client's corner. Legal 500 Caribbean, 2018
    A very intelligent lawyer Chambers Global, 2018
    Asset Recovery Expert Who's Who Legal, 2018
    He's very nice chap and is really making a name for himself Chambers Global, 2018
    Knowledgeable and highly capable Legal 500 Caribbean, 2018
    Excellent client service and technical knowledge Chambers Global, 2017
    A growing reputation in the Cayman Islands for his disputes practice Chambers Global, 2017
    Recommended Legal 500 Caribbean, 2017