Richard Addlestone


Richard is an attorney with over 25 years' experience. He has undertaken a wide range of offshore corporate/commercial work and has focused in particular on hedge funds and private equity as well as banking and finance, energy and captive insurance and reinsurance.

During his 10 years in London, Richard undertook a wide range of corporate and commercial work including a large number of cross border and UK domestic mergers and acquisitions and joint ventures. He also advised clients on infrastructure projects including oil and gas exploration and development, build own and operate projects for port and pipeline developments and also power station and desalination projects.

Before joining Bedell Cristin, Richard was a partner of two other offshore law firms where he advised some of the top 10 US managers as well as mid-market and start up managers on formation and transactional work. He has also advised private equity managers and financial institutions on subscription finance, acquisition finance and dividend financings. On the hedge fund side, Richard has advised managers and investors on all aspects of hedge funds including formation, restructuring and transactional work. He has also advised financial institutions on fund of fund financings.

  • Attorney at law - Cayman Islands
  • Solicitor*- England & Wales
  • AIMA's Sound Practices Committee 2014


Industry focus
  • Co-authored AIMA’s Fund Director’s Guide
  • 'Leader in their field' - Chambers Global 2018
  • Understanding of issues is superb.
    Legal 500 2017
  • Very collegial and professional and has very good understanding of the issues.
    Legal 500 2017
  • Very good at suggesting the variety of options available and their respective pros and cons.
    Legal 500 2017
CIMA Reminds SIBL Excluded Persons of their AML/CFT Obligations
Corporate & Commercial 15 Feb 2019 Cayman Islands

In a Notice dated 25 January 2019, the Cayman Islands Monetary Authority reminds entities registered under the Cayman Islands Securities Investment Business Law (2015 Revision) of their Anti-Money Laundering Countering the Financing of Terrorism responsibil...

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Five steps to compliance with the Cayman Economic Substance test
Economic Substance 15 Jan 2019 Cayman Islands

The Cayman Islands (‘Cayman’) International Tax Co-operation (Economic Substance) Law, 2018 (‘Law’) and International Tax Co-operation (Economic Substance) (Prescribed Dates) Regulations, 2018 (‘Regulations’) came into force on 1 January 2019. Official Gui...

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Cayman economic substance legislation now in force
Corporate & Commercial Economic Substance 03 Jan 2019 Cayman Islands

As expected, the Cayman Islands International Tax Co-operation (Economic Substance) Law, 2018 came into force on 1 January 2019.

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Cayman economic substance legislation expected to be in force by 1 January 2019
Regulatory & Compliance Economic Substance 18 Dec 2018 Cayman Islands

The Cayman Islands Legislative Assembly is scheduled to debate The International Tax Co-operation (Economic Substance) Bill, 2018 in December 2018.

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Cayman regulation update: New CIMA handbook
Regulatory & Compliance 11 Dec 2018 Cayman Islands

The Cayman Islands Monetary Authority (‘CIMA’) has published its 2018 Edition of its Regulatory Handbook and its Appendices, as well as the latest editions of and amendments to guidance notes and Rules.

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31 December 2018 AML officer deadline: CIMA publishes FAQs for reefs AML forms
Regulatory & Compliance 07 Dec 2018 Cayman Islands

In time to help fund Anti-Money Laundering Officers meet the 31 December 2018 deadline for regulated funds to notify the Cayman Islands Monetary Authority of their appointment of AML Officers, CIMA has published answers to Frequently Asked Questions on matt...

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Cayman government advisory on OECD substantial activity requirements
Regulatory & Compliance 27 Nov 2018 Cayman Islands

The Cayman Islands (‘Cayman’) Government (‘CIG’) has issued an Industry Advisory that the Organisation for Economic Co-operation and Development (‘OECD’) has confirmed that it had extended the ‘substantial activities’ requirement to ‘no or only nominal tax’...

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Solomon Harris and Bedell Cristin to attend Cayman Captive Forum 27-29 November 2018
Insurance & Reinsurance 20 Nov 2018 Cayman Islands Guernsey

Nick Reid, Richard Addlestone and Richard Sharp from recently merged law firms Solomon Harris and Bedell Cristin will be attending the Cayman Captive Forum at the Ritz Carlton, Grand Cayman from 27-29 November 2018.

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FATF adds new definitions of virtual assets and virtual asset providers to its international standard recommendations
Regulatory & Compliance 29 Oct 2018 Cayman Islands

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The European Securities Management Authority updates its Q&As on AIFMD, MiFID and MiFIR
Funds & Investment Structures 25 Oct 2018 Jersey London Guernsey Cayman Islands

At the beginning of October 2018 the European Securities Management Authority (‘ESMA’) published several new Question and Answer (‘Q&A’) documents which will be of interest to those in the funds industry.

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CIMA's new Regulatory Policy for Licensing Mutual Fund Administrators
Regulatory & Compliance 11 Oct 2018 Cayman Islands

The Cayman Islands Monetary Authority (‘CIMA’) has published a new Regulatory Policy - Licensing Mutual Fund Administrators which sets out the criteria CIMA will apply in licensing mutual fund administrators.

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CIMA public advisory on virtual currencies
Regulatory & Compliance 25 Apr 2018 Cayman Islands

The last year has seen a considerable growth in the international and Cayman Islands (‘Cayman’) market for investments in virtual or ‘crypto’ currencies and Initial Coin Offerings (‘ICOs’). The Cayman Islands Monetary Authority (‘CIMA’) has issued a ‘Public...

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