Insolvency and Restructuring

  • 23 Sep 2020
  • 10:00 AM - 12:00 PM
  • Online

Registration

Description/Overview:

This course will provide a brief refresh on the basics of insolvency procedures in the Cayman Islands while exploring some of the more advanced and complicated aspects of a liquidation process and the challenges faced working in an offshore jurisdiction.


Learning Objectives:

To provide an understanding of the basic principles and processes of liquidations in the Cayman Islands and an overview of some of the more advanced scenarios arising in insolvency proceedings. The course will provide an awareness of common challenges faced by liquidators and key strategies for success. Topics to be discussed include:

  • Summary of liquidation processes and objectives
  • Importance of and the challenges in relation to obtaining books and records
  • Cross border insolvency and recognition of Cayman Islands proceedings
  • Role of a liquidation committee
  • Creditor claims and distribution considerations
  • Investigations
  • Litigation - challenges, pitfalls, reasons to pursue
  • Funding in insolvent or cash stripped estates

Presenters:

James McGrath,  Assistant Manager, R&H Restructuring James | James has worked as a restructuring accountant for over 8 years, working in the jurisdictions of Australia, UK and the Cayman Islands. His experience includes dealing with the trading of a number of businesses of varying size, investigating and pursuing bad actors for the recovery of assets through litigation, negotiating funding agreements, as well as producing a number of forensic accounting reports for clients. 


Neema Griffin, Senior Manager, KPMG | Neema has over 14 years of insolvency experience with specialism in contentious and complex insolvencies, involving high value litigation, fraud investigations and international asset tracing, personal bankruptcies and fund insolvencies. Neema started her career in the UK and has been working in Cayman since 2015.

Prerequisites: Basic understanding of insolvency.

Advanced preparation: N/A

CPD Credits: 2

Cost: KYD 40 CIIPA Members, KYD 50 Non-CIIPA Members


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