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.
RISA is made up of an Executive Committee comprising three board directors and a company secretary. Three Sub Committees (Education, Events and Legal & Regulatory) report into the Executive Committee.
2019/2020 EXECUTIVE COMMITTEE
Chairman — Declan Magennis, Director at BDO Cayman Ltd.’s corporate recovery and insolvency subsidiary, BDO CRI (Cayman) Ltd.
Declan is the Chairman of RISA, the Cayman Islands’ branch of INSOL, numbering over 400 lawyers and accountants specialising in the insolvency and restructuring business. 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 resolutions 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.
Chairman — Rebecca Hume, Partner at Kobre & Kim.
Rebecca Hume is 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.
Sam Dawson, Partner at Carey Olsen
Sam is a partner in the insolvency and restructuring team of the law firm Carey Olsen and is regularly instructed to act for liquidators and receivers (including foreign appointees), management, security holders, investors, and unsecured creditors in relation to both contentious and non-contentious liquidations and company restructurings.
Sam is a member of INSOL International as well as the American Bankruptcy Institute. He is also one of the Law Society representatives on the Users Committee for the Financial Services Division of the Grand Court.
Margot MacInnis, Partner at Grant Thornton
Margot is a partner with Grant Thornton and the head of the Grant Thornton Specialist Services practice in Grand Cayman, and leader of insolvency and corporate recovery assignments in the Cayman Islands. Margot has been working on offshore cross border assignments for nearly 25 years through her focused work on international cross border restructuring, insolvency and forensic matters. She leads the Grant Thornton team across global engagements and regularly accepts appointments by Cayman and BVI courts; Margot has been appointed a Chapter 15 foreign representative in a number of offshore cases and voluntary liquidation appointments.
Her expertise involves assessing and establishing restructuring plans, detailed investigations, location and recovery of assets, securing and enforcing collateral internationally and working closely with creditors to establish strategy to maximise their return. Her work often has a cross border focus including work in Cayman, BVI, United States, Switzerland, Luxembourg, France, and Asia.
Margot is a CPA, CFE, ACAMs and member of a number of professional associations including NBICA, CIIPA, IWIRC, RISA and Insol.
Claire Loebell, R&H Restructuring
Mark Goodman, Campbells
The Education Committee is responsible for organising technical events for our members, including quarterly technical events, one day seminars and breakfast events.
John Royle, Grant Thornton (Chairman)
Mark Russel, KSG
Nicholas Fox, Mourant Ozannes
Cassandra Ronaldson, Kalo
Declan Magennis, BDO
Spencer Vickers, Conyers
Luke Almond, Borelli Walsh
Hugh Dickson, Grant Thornton
Katie Pearson, Harneys
Graham Robinson, Crowe Cayman Ltd.
Social & Entertainment
The Events Committee is responsible for organising social and networking events, including dinners, cocktail events, golf tournaments and other events.
Mark Goodman, Campbells (Chairman)
Rebecca Hume, Kobre & Kim
Heather Froude, Appleby
Paula Richmond, Kalo
Carolyn Lum, BDO
Tom Wright, Bedell Cristin
Ilona Groark, Ogier
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 (Chairman)
Louise Sargison, Ersnt & Young
Michael Green, Deloitte
Sam Dawson, Carey Olsen
Kai McGriele, Bedell Cristin
Peter Hayden, Mourant Ozannes
Lachlan Greig, Harneys
Mitchell Mansfield, Borelli Walsh
Graham Robinson, Crowe Cayman Ltd
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.
Nelson Still, Grant Thornton (Chairman)
Marie Skelly, Ogier
Grant Hiley, Deloitte
Stephen Leontsinis, Collas Crill
Tom Wright, Bedell Cristin