Higgs & Johnson hosted the TerraLex Insolvency North American Practice Group Meeting in Grand Cayman from 20th – 21st March, 2014. TerraLex is one of the world’s leading international legal referral networks. With approximately 160 leading, independent law firms and 15,000 attorneys in 100 countries, TerraLex members provide the legal resources and expertise needed to conduct successful business worldwide.
A cocktail reception and dinner were hosted by Higgs & Johnson at Luca restaurant, Caribbean Club, on Thursday 20th March 2014. Visitors to Cayman included representatives from several law firms in the USA, Canada, Turks & Caicos and The Bahamas.
Friday morning’s meeting, held at the Westin Resort & Spa, got off to a fine start with a visit from the Premier of the Cayman Islands, the Hon. Alden McLaughlin, MBE, JP, MLA. Premier McLaughlin kindly shared thoughts about Cayman’s position on the world stage, as well as other topical issues, in a very relaxed and forthright manner.
A formal session highlighting the Cayman cross-border insolvencies followed with panelists including Mike Saville, Director of Recovery & Reorganization at Grant Thornton Specialist Services; Higgs & Johnson’s Cayman Associate, John Harris along with Bahamas Partner, by Tara Cooper Burnside. All panelists were extremely well received and John Harris shared his expertise on the Madoff litigation in which Higgs & Johnson represents Irving Picard, the Madoff Trustee.
An interactive discussion then took place that focused on case-studies and general debate on U.S. Chapter 11 and Chapter 15 Bankruptcies. The TerraLex meeting ended with much fun in the Cayman sun as attendees enjoyed an excursion across the North Sound to Cayman’s famous Stingray City and Starfish Point.
Mark Benedict, Partner in the firm Husch Blackwell, noted his appreciation as follows: ‘The Insolvency Practice Group meeting was a resounding success. The Higgs & Johnson team did a fantastic job and has set the bar quite high for any future meetings. The benefit of these meetings to me is the connections and relationships that can be built.’
Higgs & Johnson’s Country Managing Partner in Cayman, Gina Berry, stated: ‘We are thrilled that everything fell into place and that it was time well spent. The level of connection amongst participants and impact achieved firmly support the TerraLex mission; and we were glad to be part of this positive experience.’