Michael Pearson is an independent director, liquidator, trustee and advisor specialising in providing independent governance and dispute resolution advice to companies, partnerships, trusts and other financial structures. He currently acts as a director or liquidator of a number of hedge fund and other investment and holding company boards in both offshore and onshore jurisdictions.
Michael has nearly 20 years’ experience in the financial services sector and, prior to founding FFP in 2012, occupied various senior roles in the insolvency teams of Big Four accounting firms.
From many years of dealing with a wide range of investment fund issues Michael has developed considerable insight into the skills needed to efficiently run, transition, wind down or restructure vehicles with offshore connections. He has significant experience advising and acting for investors and investment managers in situations which have arisen from unanticipated events or complications executed strategies and where communication and relationships have broken down. These situations often culminate in disputes and litigation, delaying liquidity and causing significant unbudgeted costs to be incurred resolving breaches of contracts and fiduciary duties.
His background includes realizing complex and illiquid assets, resolving service provider issues, dealing with valuation, redemption and side letter disputes, and other issues such as investigating fraud, legal claims, regulatory investigations, disputes, restructurings, indemnification practices, claw backs and litigation. This experience makes him ideally placed to provide board level guidance and to enhance corporate governance for offshore and onshore funds and other investment vehicles.
Michael has also been involved in some of the highest profile investment fund closures in recent years and is regularly sought out for his pragmatic and straightforward approach. He is currently involved in litigation in several countries including ground-breaking proceedings relating to the Cayman liquidation of a Madoff feeder fund. Recently he has also been involved in the transition to a new manager of a complex onshore/offshore structure, the hostile takeover of some US domestic funds, a several hundred million dollar mediation, various trust disputes, US Bankruptcy matters and other structured finance and holding company restructurings.
He is a fellow of the Institute of Chartered Accountants in England & Wales and a UK licensed and Cayman qualified Insolvency Practitioner. He is a member of INSOL International and is the founding chairman of the Restructuring and Insolvency Specialists Association in the Cayman Islands which has over 350 members. He is also registered with the Cayman Islands Monetary Authority as an Approved Director.