Fraser Hughes (Counsel)


Fraser was an insolvency and commercial litigation lawyer on Bay Street for 8 years before moving to the Cayman Islands where he litigated some of the world’s largest global insolvency matters for the past 12 years.

Fraser has extensive trial experience and has appeared as counsel in numerous high-profile Canadian insolvency and restructuring matters, including representing a key defendant in a civil conspiracy matter that turned into one of the longest civil trials in Canadian history. He has written and spoken at conferences extensively on the oppression remedy, U.S. Chapter 15 recognition, money laundering, international trade, recognition and enforcement of foreign judgments, and financial regulations, among other matters.

He has represented both accountants and accounting firms in respect of professional complaints and he is experienced at obtaining urgent injunctive relief in international commercial and fraud matters.

Fraser is fully bilingual in English and French.


Representative Mandates

  • Representing KPMG as liquidators to the Bear Stearns funds;
  • Acting for the feeder fund in the Basis Yield Alpha matter;
  • Representing the liquidator of the Madoff U.K. entity;
  • Acting for various redeemed investors in the Bayou Offshore Fund matters;
  • Representing a major secured creditor in the Lancelot/Petters fraud matter;
  • Acting for a major investor in the Dynamic Funds matters;
  • Involved in numerous aspects of the Lehman Brothers insolvency;
  • Representing a major institutional investor in the Pursuit, Wyser-Pratte, and Laurus fund insolvencies;
  • Acting for several counter-parties and investors in the SAAD/Algosaibi matters; and,
  • Representing Grant Thornton as liquidators to ICP Strategic Credit Income Fund.

Professional Involvement


  • J.D. (Queen's), 1998
  • LL.B. (University of London), 1996