Business Environment Course Update

Update on Cayman's Business Environment

Description/Overview: 

This one-day workshop presents material to provide an update on the legal and regulatory framework in the Cayman Islands relevant to the financial services and some specific legal areas relating to businesses. 

Learning Objectives:

Topics covered include:
- Directors duties and an update on the Weavering Appeal
- European developments on AIFMD
- Beneficial ownership registers
- Proceeds of Crime law reporting and latest trends
- Economic sanction orders
- Business structures
- Introduction to the TIA and latest news for the tax authority
- National risk assessment from the AML unit

Who Should Attend?

Those working in the Financial Services Sector for an update on developments occurring in the last 12 months.

Speakers:

Christopher Harlowe (Mourant Ozannes): Chris has specialised in transactional, advisory and contentious insolvency and restructuring for nearly 25 years. He spent the last 10 years starting up and building the insolvency practice for a mid – sized law firm in London.

Adam Huckle (Maples & Calder) Adam is a member of the Regulatory & Financial Services and Commercial Litigation teams in the Cayman Islands office of Maples and Calder. He has a broad range of experience of dispute resolution and regulatory work, representing retail and investment banks and other financial institutions.

Paul Scrivener (Solomon Harris): Paul Scrivener is a partner with Cayman Islands commercial law firm, Solomon Harris, where he heads the Corporate/Commercial Group. Paul was formerly a partner with international law firm, Eversheds and has practised corporate/commercial law for almost 28 years both in the UK and the Cayman Islands. Paul’s main areas of focus are captive insurance, mergers and acquisitions and general corporate law matters. 

Derbhil O'Riordan (Dillion Eustace): Derbhil joined Dillon Eustace in 2003 and became a partner in 2010. Engaging primarily with the investment fund industry her legal expertise lies in establishing, structuring and ongoing operation of Cayman and AIFMD hedge funds, sophisticated UCITS structures and exchange traded funds. Derbhil also advises on the impact of AIFMD on Cayman funds and has also advised on the rules of listing on the Cayman Islands and Irish Stock Exchanges.

Ben Tonner (Samson McGrath): Ben’s practice covers all aspects of litigation and dispute resolution with an emphasis on cross-jurisdictional, financial matters. He has extensive experience advising high profile corporate and private individuals. Ben has represented clients in contentious litigation at all levels, including appeals to the Judicial Committee of the Privy Council. His background in company and commercial law, international trusts and white-collar crime is highly valued by clients.
Prior to joining Samson & McGrath, Ben practiced at the Bar of England and Wales (2 Pump Court, Temple, London) where he regularly appeared as an advocate both at first instance and in appellate proceedings. Before joining 2 Pump Court, Ben worked at Peters & Peters, solicitors. He was admitted in  Cayman Islands in 2005 and England and Wales in 2001.

Francis Arana (AML Unit): Francis Arana was appointed as Head of the Anti-Money Laundering Unit in the Attorney General’s Chambers in March of 2014.  
Prior to that, Francis worked in the Policy & Development Division of CIMA from June 2005 to March 2014, where he rose in rank from the post of Chief Policy and Development Officer to Deputy Head of the Policy & Development Division.  
Francis was a financial examiner on the Caribbean Financial Action Task Force (CFATF) mutual evaluation of St. Kitts and Nevis’ in September of 2008, and also for the Sint Maarten CFATF mutual evaluation in March of 2013.   He also served as co-chair of the CFATF Working Group on FATF Issues between 2010 and 2012.
He earned a Bachelor of Arts degree in Economics from the University of Missouri, Columbia in 1989 and a Master of Arts degree in Economics from Clemson University (South Carolina) in 1994.

Duncan Nicol is the Director of the Department for International Tax Cooperation. He has performed the functions of the Tax Information Authority (Cayman Islands Competent Authority), under delegated authority, since 2005.

Duncan is part of the delegation that represents the Cayman Islands at the Global Forum on Transparency and Exchange of Information for Tax Purposes, including the Global Forum’s Steering Group, Peer Review Group and AEOI Group. He has served as a peer review assessor for the Peer Review Group, and was a member of the expert group of assessors that carried out the first 50 country ratings for the Global Forum. As of 1 January 2014, he has been representing Cayman in the role of a vice chair of the PRG.

Duncan previously has practiced law in Scotland and the Cayman Islands, in both the public and private sectors; and formerly was Crown Counsel in the Cayman Islands Attorney General’s Chambers.

Duncan also has taught postgraduate students, and was senior tutor, at the University of Glasgow. He is a member of the Faculty of Advocates in Scotland.

Costs:

CISPA Members: CI$175.00
CISPA Non-Members: CI$225.00

CPD Credits: 5.5  

*Morning/Afternoon Breaks & Lunch To be Provided*

Due to high standing costs, no refunds will be issued. If you are unable to attend and wish to send a replacement, please notify CISPA at lauren.parsons@cispa.ky no later than 4 p.m. on 19 May.