Funds services providers in the financial and legal fraternity in the Cayman Islands are gearing up for a seminar organised by Mourant Ozannes in collaboration with international law firm Shearman & Sterling. The seminar, Facing Down the Big Challenge: SEC Enforcement and U.S. Derivative Actions against Cayman Hedge Funds, shall be held from 2-5 p.m. on Friday 10 February at Westin Casuarina Resort in Grand Cayman.

Speakers from Mourant Ozannes Litigation Group, Partner Hector Robinson and Senior Associate Tim Richards, are set to discuss US Derivative Actions Against Cayman Hedge Funds while Adam Hakki, Partner with Shearman & Sterling, along with his colleague Lindi Beaudreault, will address SEC Cases Against Hedge Fund Managers with Offshore Funds.  The seminar shall cover various highly topical issues including insider trading cases, Ponzi scheme cases and other SEC Division of Enforcement programme priorities, such as its aberrational performance inquiry, cases involving misrepresentations to investors, cases involving Private Investments in Public Equity (PIPEs) and those involving side pocket valuations.  The seminar shall also discuss SEC litigation in which Offshore Funds have been named as Relief Defendants, Forum Contests in which SEC Receivers have vied with Cayman Liquidators over control of fund assets and signs of legal risk in offshore funds.

Visiting speaker Adam Hakki has extensive experience representing clients in complex securities class action and shareholder litigation, as well as in civil and criminal investigations and cases brought by the Department of Justice, Securities and Exchange Commission, Commodities Futures Trading Commission, and state attorneys general, concerning disclosure, securities and insider trading, derivatives, commodities, financial products, financial reporting, accounting, ERISA, conflicts of interest, and major corporate transactions. Adam has been recognized for many years as a national leader in his field by leading client publications including Chambers USA and The Legal 500.  His colleague and co-speaker Lindi Beaudreault, who was once a Senior Counsel in the SEC’s Division of Enforcement, has a wealth of experience defending clients in complex government and SRO investigations and proceedings pertaining to securities, commodities, financial products, financial reporting, broker-dealers and hedge funds.  Both visiting speakers are based in New York.

Local speaker and seminar organiser Hector Robinson of Mourant Ozannes, whom Chambers Global notes “is a stalwart figure in this jurisdiction, and has made a positive impression on peers,” has appeared in a number of complex, high value and precedent setting cases many of them reported in the law reports.  Hector has been accepted as an expert witness on Cayman Islands law by various US courts.  Hector’s colleague and co-speaker Senior Associate Tim Richards has extensive experience with cases involving international banks, asset managers, hedge funds, and public sector corporations.

The complimentary seminar attendance is by invitation and space is limited. To enquire about space availability contact: Nancy Kirkaldy-Barnard at Mourant Ozannes at 814-6333 or [email protected]