ABOUT US

Established in 2012, Cayman Islands based RISA has swiftly grown to over 350 members. Focusing on delivering educational and networking events, RISA’s mandate is to investigate and share best practices amongst industry practitioners in the fields of insolvency, restructuring and litigation. The Cayman Islands is respected worldwide as an international financial services centre built upon solid, yet appropriate regulation, a legislative structure based on English Common Law and a stable political environment. It is the domicile of choice for the world’s hedge funds and private equity funds with over 10,000 registered alternative investment entities.

2021/2022 EXECUTIVE COMMITTEE

Chairperson — Rebecca Hume, Partner at Kobre & Kim

Rebecca Hume is the Chair of RISA’s Board, the Cayman Islands’ branch of INSOL, numbering over 400 lawyers and accountants specialising in the insolvency and restructuring business. Rebecca has been on the Social & Entertainment Committee since its establishment. Rebecca a leading practitioner in contentious cross-border insolvency, international judgment enforcement, fraud and asset tracing and joint venture and partnership disputes, as well as complex commercial disputes with a particular emphasis on private equity and hedge funds.

Covering both offshore and onshore regions, Ms. Hume represents shareholders and other stakeholders in liquidations and high-stakes disputes. She works frequently with onshore co-counsel to find creative, multijurisdictional solutions to recover assets for a wide range of clients. She also advocates for financial institutions and governments.

Global Arbitration Review recognized Ms. Hume as a leading lawyer in asset recovery, describing her as a “dedicated professional” for her work in the Cayman Islands. She was also acknowledged as “brilliant and sensible” in her approach to litigation in Who’s Who Legal.

Rebecca is a member of IWIRC Cayman, INSOL and R3 in the UK.

 

Deputy Chairperson — Declan Magennis, Director at BDO CRI (Cayman) Ltd.

Declan is the current Deputy Chairperson of RISA’s Board as well as the immediate past Chair. Declan has been a member of RISA since its inception in 2012 and has been on the Education & Training Committee since its establishment.

Declan has over 16 years’ experience in restructuring and insolvency and, before moving to the Cayman Islands, worked in the financial services and restructuring field in Ireland. He has worked on a variety of engagements, both solvent and insolvent including voluntary, provisional, and official liquidations and both creditors and shareholder resolution procedures. Declan has also conducted financial reviews of companies for financial institutions.

Declan is a Fellow of the Association of Chartered Certified Accountants (FCCA) and obtained an LLB law degree from London Guildhall University.

In 2017, Declan was named Accountant of the Year by RISA.

 

Secretary — Claire Loebell

Claire is an insolvency practitioner and qualified accountant in the Cayman Islands. She has over 16 years of experience in liquidations and complex cross border disputes.

Claire’s experience has a particular focus on financial services and she advises investor groups, investment managers, directors and other stakeholders on the wind down of structures. She regularly acts as a Liquidator appointed by the Grand Court in the Cayman Islands.

Claire is a Fellow of the Institute of Chartered Accountants of England and Wales and is a Member of the Insolvency Practitioners Association in the UK. She is also a member of the American Bankruptcy Institute, INSOL and RISA.

 

John Royle, Director at Grant Thornton Specialist Services (Cayman) Limited

John is a Board member of RISA and has been a member of RISA since its inception in 2012. In addition, John has been on the Education & Training Committee since its establishment.

John has over 22 years’ experience in restructuring and insolvency, and, before moving to the Cayman Islands over 10 years ago, worked in the financial services and restructuring field in England. He has worked on a variety of engagements, both solvent and insolvent, including voluntary, provisional and official liquidations and both creditors and shareholder resolutions procedures. John has acted as Court appointed Receiver on various enforcement matters and SPC structures. John has also led local forensic and asset tracing investigations. Given John’s insolvency qualifications, he also takes a number of solvent Irish voluntary liquidations where Cayman is the residency for tax purposes.

John is a qualified insolvency practitioner under the JIEB system from 2008, a member of the Insolvency Practitioners Association (UK) and holds his insolvency licence with The Institute of Chartered Accountants England & Wales. John is also a member of INSOL.

In 2018 and 2019, John was named Insolvency Practitioner of the Year by RISA.

 

Mark Goodman, Partner at Campbells

Mark is a partner in the Litigation, Insolvency & Restructuring Group of Campbells with over 15 years of experience in insolvency, restructuring and investment fund litigation. Described as “One of the brightest and most effective insolvency lawyers in Cayman” by Chambers and Partners, 2020 and a “fabulous lawyer” by Who’s Who Legal, 2019, Mark advises liquidators, creditors, shareholders, directors, managers and other professional service providers in relation to a broad range of pre and post liquidation disputes. Mark was named Lawyer of the Year by RISA in 2016 and 2019.

 

 

Nicholas Fox, Mourant Ozannes

Nicholas Fox is a partner in Mourant’s Cayman Islands office. He has extensive experience in insolvency and restructuring, financial services litigation, fraud and asset tracing, and regulatory matters.

After studying law at Oxford University, Nicholas practised as a barrister in London before moving offshore in 2008. He is admitted with full higher court rights in both the Cayman Islands and BVI and regularly appears in Court against other senior advocates, including London QCs. He has spent the last decade working on some of the most complex and most high-profile insolvencies and related-disputes in the Caribbean, virtually all of which have a significant cross-border element.

 

SUB COMMITTEES

Education
The Education Committee is responsible for organising technical events for our members, including quarterly technical events, one day seminars and breakfast events.

Declan Magennis, BDO
John Royle, Grant Thornton
Mark Russell, KSG
Nicholas Fox, Mourant Ozannes
Spencer Vickers, Conyers
Graham Robinson, Crowe
Katie Pearson, Harneys
Hugh Dickson, Grant Thornton
Cassandra Ronaldson, Kalo
Adalene Chetty, Deloitte

Social & Entertainment
The Events Committee is responsible for organising social and networking events, including dinners, cocktail events, golf tournaments and other events.

Rebecca Hume, Kobre & Kim (Cayman)
Heather Froude, Appleby
Paula Richmond, Kalo
Carolyn Lum, BDO
Tom Wright, Kobre & Kim (Cayman)
Eli Reback, Alvarez & Marsal
Jamie McGee, Bedell Cristin
Carlos Bourgy, Alvarez & Marsal
Bhavesh Patel, Travers Thorp Alberga
James Eggleton, Harneys

Legal & Regulatory
The Legal & Regulatory Committee is responsible for representing members’ interests in terms of changes to legislation, disseminating information from the Courts and promoting best practice approaches to liquidation related matters.

Martin Trott, R&H Restructuring
Louise Sargison, EY
Sam Dawson, Carey Olsen
Michael Green, Deloitte
Kai McGriele, Bedell Cristin
Peter Hayden, Mourant Ozannes
Mitchell Mansfield, Borrelli Walsh
Rocco Cecere, Collas Crill
Richard Murphy, FFP
Sebastian Said, Appleby

Membership & Communication
The Membership & Communications Committee is responsible for informing the membership of upcoming events, maintaining RISA’s social platforms and being a resource for existing and potential members.

Mark Goodman, Campbells
Ilona Groark, Kobre & Kim (Cayman)
Grant Hiley, Deloitte
Adam Crane, HSM
Graham Robinson, Crowe
Jennifer Fox, Ogier
Marie Skelly, Ogier
Colin Patterson, Deloitte
Patrick Sakowski, EY
Bhavesh Patel, Travers Thorp Alberga

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LDK Solar Co. Ltd – Presentation Slides

June 4, 2015June 4, 2015
The slides from the RISA Technical Update Session held on 29th May 2015 are now available in the Resources section.

Cayman Insol Fellowship – Andrew Morrison

June 4, 2015
Congratulations to Andrew Morrision of FTI Consulting for successfully completing the INSOL Global Insolvency Practice Course. Andrew is now fully recognised as a Fellow of INSOL International. Please see the press release for the Class of 2014 here.
Andrew Morrison is a Managing Director in the FTI Consulting Corporate Finance/Restructuring practice and is based in the Cayman Islands. He has more than 15 years’ experience of insolvency and restructuring advisory matters, including three years based in the Cayman Islands. He joined FTI Consulting in October 2014.
A biography for Andrew can be found here:
 

RISA Annual Report 2014

June 1, 2015June 1, 2015
RISA's Annual Report for 2014 is now available for download in the Resources section.