Recovery and Insolvency Specialists Association (Cayman) Ltd (RISA CA) - Cayman Islands

Recovery and Insolvency Specialists Association (Cayman) Ltd (RISA CA) - Cayman Islands
Recovery and Insolvency Specialists Association (Cayman) Ltd (RISA CA) - Cayman Islands

Chairperson: Rebecca Hume, Kobre & Kim [email protected] Directors of RISA: Declan Magennis, BDO [email protected] Margot MacInnis, Grant Thornton [email protected] Claire Loebell, R&H Restructuring [email protected] Sam Dawson, Carey Olsen [email protected] Mark Goodman, Campbells [email protected] RISA was established in 2012 and its membership base of insolvency practitioners and litigators has grown to over 400 members in 2020. RISA is focused on the development and representation of the insolvency and restructuring profession in the Cayman Islands as well as providing a forum for networking and maintaining relationships within the profession. Events organised by RISA each year include quarterly education and training events, a charity golf day and a networking Christmas lunch. Cayman is the leading offshore financial jurisdiction and is the pre- eminent jurisdiction of choice for hedge funds and private equity. Cayman companies are frequently found in complex, international financing and group structures. Contentious or insolvent appointments in Cayman require court- approved and qualified insolvency experts with local knowledge and international expertise. Such appointments are supervised by the Financial Services Division of the Grand Court of the Cayman Islands. The primary legislation is the Companies Winding up Rules and the Companies Law. This legislation takes into account the nuances and specialisms of fund structures. Cayman insolvencies are frequently involved in US litigation and recognition proceedings. Cayman is also a popular jurisdiction for UK and European-based managers and investors and also Middle and Far Eastern investors. RISA Cayman membership is not limited to Cayman residents, but to be eligible for general membership, you must demonstrate significant engagement in, and experience of, Cayman-based restructuring, litigation and insolvency matters.