Jalil Asif QC photo
Jalil Asif QC
Lawyer
Cayman Islands
9 Forum Lane, Suite 3207
Camana Bay, Grand Cayman
Cayman Islands, KY1-9006
+1 345 749 4005
London
Tower 42
25 Old Broad Street
London, EC2N 1HQ
+44 (0) 20 3301 5705

Jalil Asif QC is an English Queen's Counsel who advises on and litigates high-value partnership, commercial and insolvency disputes, with an emphasis on cases involving financial, accounting, scientific and technical issues.

As a member of the Chartered Institute of Arbitrators, Mr. Asif QC draws on his skill as an arbitrator and his experience handling asset-recovery matters to represent clients in the enforcement of arbitral awards and international judgments.

Prior to joining Kobre & Kim, Mr. Asif QC practiced at 4 New Square, where he focused on a wide range of professional negligence claims, high-value insurance claims and product liability litigation.

Admissions

  • Barrister, Eastern Caribbean Supreme Court (British Virgin Islands)
  • Barrister, England & Wales
  • Attorney, Cayman Islands

Education

  • Inns of Court School of Law, London
  • Peterhouse, University of Cambridge, MA

Accolades

  • Who's Who Legal, Asset Recovery
  • Chambers UK, Litigation (London (Firms))

Select Engagements

Financial Products & Services Litigation

  • Representation of a leading global alternative asset manager on jurisdictional and substantive issues arising from potential litigation by Cayman-based collateralized debt obligations against various banks and financial institutions.
  • Acted in claim by UK-based investor and offshore pension trustees against well-known stockbrokers for negligent investment advice and management of funds.
  • Advised in relation to defective drafting of banking documents creating Sharia-compliant Islamic mortgage finance scheme and consequences of defective execution.
  • Acted in claim by investor and offshore pension trustees against major financial traders in relation to operation of contracts for difference (CFD) and spread-betting accounts.
  • Acted for a major firm of accountants defending a claim against them as auditors for failing to detect series of thefts by company accountant.
  • Acted for accountants in claim for negligent advice regarding business management and administration of VAT, where claimant accused by Customs & Excise of VAT fraud.
  • Acted for major firm of accountants in claim by company liquidator that the accountants had negligently audited the company financial statements necessary to permit the company to provide financial support for the purchase of its own shares.
  • Acted for solicitors in claim against their accountants for negligence in providing annual certificate to the Law Society regarding the solicitors' client accounts.
  • Successfully brought application for judicial review of Law Society's decision that major City firm was guilty of providing inadequate professional services.

International Judgment Enforcement & Offshore Asset Recovery

  • Advice to DuPont in enforcing US $920 million judgment against Kolon Industries, a South Korean conglomerate operating in the U.S., Europe and Asia.
  • Advised and represented an offshore judgment debtor in proceedings and applications for interim relief in Cayman Islands involving a Cayman-registered subsidiary company, as part of enforced corporate restructuring.
  • Advice to an offshore judgment debtor in relation to defenses against enforcement of U.S. judgment for US $50+ million.
  • Advice to a government in tracing US $100 million+ of assets in offshore jurisdictions to enforce a judgment rendered against private debtors.

Joint Venture & Partnership Disputes:

  • Advised a nongovernmental organization (NGO) purchaser in contractual disputes with a supplier concerning provision of services to low-income individuals under the terms of a government scheme.
  • Advised an NGO on contractual rights against central government following an unexpected severe reduction in government funding and implications for continuing the contractual relationship.
 

Professional & Community Involvement

  • COMBAR, Member
  • Chartered Institute of Arbitrators, Member
  • General Council of the Bar, former Lincoln's Inn Representative
  • Lincoln's Inn Hall Committee, former Chairman
  • Lincoln’s Inn, Bencher
  • London Common Law & Commercial Bar Association, Committee Member
  • Professional Negligence Bar Association, Member
  • Western Circuit, Member
  • Royal & Derngate Theatres, Northampton, Trustee and Board Member
  • London Court of International Arbitration (LCIA) European Users' Council, Member
  • Recovery & Insolvency Specialists Association, Cayman Islands, Member

Publications & Presentations

  • Co-author, "Asset Recovery - Cayman Islands" (Getting the Deal Through, 2016)
  • Co-author, "Enforcement of Foreign Judgments - Cayman Islands" (Getting the Deal Through, 2016)
  • Co-author, "Enforcement of Judgments in the Cayman Islands" (Practical Law's Enforcement of Judgments Global Guide, 2015-2016)
  • Co-author, "Enforcement of Arbitral Awards in the Cayman Islands: Overview" (Practical Law's Enforcement of Arbitral Awards Global Guide, 2015-2016)
  • Speaker, "Monetizing Large Judgments and Arbitration Awards" (The Association of Corporate Counsel, Webinar, April 2014)
  • Speaker, "The Challenges of International Judgment Enforcement: Tools, Tips and Lessons Learned" (The Asian Lawyer, Webinar, February 2013)
  • Co-author, The Law of Medicines (Oxford University Press, 2008)
  • Editor, Professional Negligence & Liability Reports (Sweet & Maxwell, 2002)
  • Co-author, Jackson & Powell: Professional Liability Precedents (Sweet & Maxwell, 2000)

Credentials

Admissions

  • Barrister, Eastern Caribbean Supreme Court (British Virgin Islands)
  • Barrister, England & Wales
  • Attorney, Cayman Islands

Education

  • Inns of Court School of Law, London
  • Peterhouse, University of Cambridge, MA

Accolades

  • Who's Who Legal, Asset Recovery
  • Chambers UK, Litigation (London (Firms))

Engagements

Financial Products & Services Litigation

  • Representation of a leading global alternative asset manager on jurisdictional and substantive issues arising from potential litigation by Cayman-based collateralized debt obligations against various banks and financial institutions.
  • Acted in claim by UK-based investor and offshore pension trustees against well-known stockbrokers for negligent investment advice and management of funds.
  • Advised in relation to defective drafting of banking documents creating Sharia-compliant Islamic mortgage finance scheme and consequences of defective execution.
  • Acted in claim by investor and offshore pension trustees against major financial traders in relation to operation of contracts for difference (CFD) and spread-betting accounts.
  • Acted for a major firm of accountants defending a claim against them as auditors for failing to detect series of thefts by company accountant.
  • Acted for accountants in claim for negligent advice regarding business management and administration of VAT, where claimant accused by Customs & Excise of VAT fraud.
  • Acted for major firm of accountants in claim by company liquidator that the accountants had negligently audited the company financial statements necessary to permit the company to provide financial support for the purchase of its own shares.
  • Acted for solicitors in claim against their accountants for negligence in providing annual certificate to the Law Society regarding the solicitors' client accounts.
  • Successfully brought application for judicial review of Law Society's decision that major City firm was guilty of providing inadequate professional services.

International Judgment Enforcement & Offshore Asset Recovery

  • Advice to DuPont in enforcing US $920 million judgment against Kolon Industries, a South Korean conglomerate operating in the U.S., Europe and Asia.
  • Advised and represented an offshore judgment debtor in proceedings and applications for interim relief in Cayman Islands involving a Cayman-registered subsidiary company, as part of enforced corporate restructuring.
  • Advice to an offshore judgment debtor in relation to defenses against enforcement of U.S. judgment for US $50+ million.
  • Advice to a government in tracing US $100 million+ of assets in offshore jurisdictions to enforce a judgment rendered against private debtors.

Joint Venture & Partnership Disputes:

  • Advised a nongovernmental organization (NGO) purchaser in contractual disputes with a supplier concerning provision of services to low-income individuals under the terms of a government scheme.
  • Advised an NGO on contractual rights against central government following an unexpected severe reduction in government funding and implications for continuing the contractual relationship.

Professional & Community Involvement

  • COMBAR, Member
  • Chartered Institute of Arbitrators, Member
  • General Council of the Bar, former Lincoln's Inn Representative
  • Lincoln's Inn Hall Committee, former Chairman
  • Lincoln’s Inn, Bencher
  • London Common Law & Commercial Bar Association, Committee Member
  • Professional Negligence Bar Association, Member
  • Western Circuit, Member
  • Royal & Derngate Theatres, Northampton, Trustee and Board Member
  • London Court of International Arbitration (LCIA) European Users' Council, Member
  • Recovery & Insolvency Specialists Association, Cayman Islands, Member

Publications & Presentations

  • Co-author, "Asset Recovery - Cayman Islands" (Getting the Deal Through, 2016)
  • Co-author, "Enforcement of Foreign Judgments - Cayman Islands" (Getting the Deal Through, 2016)
  • Co-author, "Enforcement of Judgments in the Cayman Islands" (Practical Law's Enforcement of Judgments Global Guide, 2015-2016)
  • Co-author, "Enforcement of Arbitral Awards in the Cayman Islands: Overview" (Practical Law's Enforcement of Arbitral Awards Global Guide, 2015-2016)
  • Speaker, "Monetizing Large Judgments and Arbitration Awards" (The Association of Corporate Counsel, Webinar, April 2014)
  • Speaker, "The Challenges of International Judgment Enforcement: Tools, Tips and Lessons Learned" (The Asian Lawyer, Webinar, February 2013)
  • Co-author, The Law of Medicines (Oxford University Press, 2008)
  • Editor, Professional Negligence & Liability Reports (Sweet & Maxwell, 2002)
  • Co-author, Jackson & Powell: Professional Liability Precedents (Sweet & Maxwell, 2000)

Jalil Asif QC “brings a calm and balanced approach to litigation.” - The Legal 500 Caribbean