HIGGS & JOHNSON hosted its first Cayman client seminar on Thursday 4 November 2011 at the Grand Cayman Marriott Beach Resort under the theme ‘Directors’ Duties…Who Will Be At Risk?’. Attendees were welcomed by Regional Managing Partner, Derek N Jones, who also served as the moderator for the seminar.
The seminar investigated the change in attitude of the monetary authorities of various jurisdictions following the 2008 credit crunch. Speakers focused on how the altered approach would impact and affect the role of directors in the UK, US, Bahamas and Cayman specifically. A comparison was made between the role of directors in the Cayman Islands and their treatment by CIMA, to the duties and regulation in other jurisdictions. Also, overall consideration was given on whether or not there would be a similar change on the horizon in Cayman to accommodate past and expected future events taking place in the worldwide financial markets.
International speakers included Philip Rubens – Partner at Finers Stephen Innocent in London; Jack Auspitz – Partner at Morrison Foerster in New York; Gonzallo Zeballos – Partner at Baker Hostetler in New York; and Portia Nicholson – Associate in the Higgs & Johnson Bahamas office. Local speakers included Chris Narborough and Philip Boni – Partners at Higgs & Johnson along with Don Seymour – Managing Director at dms Management Ltd. and R J Berry – Head of Compliance at Cayman Islands Monetary Authority.
The seminar concluded with a lively and informative question and answer period. Guests were then ushered to the cocktail reception which was sponsored by Cayman National. Attendees then had the opportunity to mix and mingle with the speakers and other professionals.