Richard Murphy is a Director who acts as liquidator and director of offshore vehicles that have found themselves in contentious situations often with active litigation, regulatory issues, solvency issues or stakeholder disputes. He has over 15 years’ of restructuring and advisory experience including the management and recovery of complex cross border assets and has considerable experience in a number of investment strategies including, investment funds, litigation funding, structured finance, crypto assets, life settlements, distressed debt, trading businesses, non-performing loans, land and real estate and other private equity strategies. Richard also acts as liquidator of solvent companies and funds across multiple jurisdictions.
Richard provides fiduciary services and support to clients who are winding down their operations outside of a liquidation and has experience in providing cost and resource efficient platforms to allow ongoing vehicles to wind down their operations outside of the statutory framework of a liquidation. They include large US real estate funds, offshore restructuring vehicles, litigation funding vehicles and various distressed funds that have assets in the US, Africa, India and Europe.
He began his career with Ireland’s largest Big Four restructuring team and gained onshore experience in business turnarounds, pre-pack receiverships, and contentious liquidations. Richard then joined the internal restructuring unit of AIB Bank where he was responsible for management and reporting on the deleveraging of the bank’s nonperforming loans and other non-core assets. In 2013 Richard moved to a boutique offshore insolvency firm in the Cayman Islands where he gained experience in the restructuring and wind down of offshore funds and companies registered offshore.
Richard is a fellow of INSOL International, a fellow of the Institute of Chartered Accountants in Ireland and a member of the Restructuring and Insolvency Specialists Association in the Cayman Islands where he is co-chair of the Education Committee. He is also a member of the Cayman Islands Society of Professional Accountants, a member of the Cayman Islands Directors Association, is registered with the Cayman Islands Monetary Authority as an Approved Director and is an accredited director with the Chartered Governance Institute of Canada.