Firewall, Forum and Fights in Foreign Courts

Looking at the latest developments on the scope and meaning of Cayman firewall legislation and forum for administration clauses.

The speakers will discuss the recent judgment in the case of Geneva Trust Company v IDF and MF or Re Stingray Trust, which is the latest in a line of decisions of the Cayman Islands courts considering the meaning and scope of the Cayman firewall provisions and the effect of forum for administration clauses.

The Grand Court has now provided important clarification about the effect of Section 90 of the Trusts Act 2020 – that it does not operate to bestow exclusive jurisdiction n the Cayman Islands courts (as previous cases have suggested) and that common law principles of forum non conveniens still have relevance and application in the context of disputes concerning Cayman Islands trusts.  The speakers will also discuss further guidance which the Court provided on the application of forum for administration clauses in Cayman trusts.

The session will also look at some practical tips for trustees when faced with being joined to proceedings in foreign courts, and what assistance may be available from the Cayman courts in such circumstances.

Speakers:

• Rachael Reynolds (Global Senior Partner, Ogier)
• Deborah Barker-Roye (Counsel, Ogier)

Time: 5.30 pm followed by drinks sponsored by Ogier

‘Firewall, Forum and Fights in Foreign Courts’ is a paid event, held at George Town Yacht Club.

Costs are as follows:

• CI$35.00 – STEP Members
• CI$35.00 – STEP Students
• CI$50.00 – Non-Members
• Free for all full-time students (not in employment) and for members of the judiciary and employees of the Monetary Authority.

Payment by cheque or bank transfer before the event. For payment information please email stepcayman@gmail.com.

In order to register for this event please click on ‘Going’ in the RSVP box below. 

If you are registering more than one attendee, PLEASE REGISTER EACH PERSON SEPARATELY, to ensure each attendee receives an event confirmation email.