This page is part of the Issue: October 2007

  Staff changes

  Campbells Investment Funds Conference

Campbells Investment Funds Conference

We are pleased to announce that the firm’s 6th annual investment funds conference is to be held on 4 February 2008 at the Ritz Carlton Grand Cayman. The theme of the conference will be “Stress Testing Cayman Funds”.

As in previous years, the speakers will be well established and well known in the local and overseas funds market. The topics that will be covered will include the following:

• How can international market crises such as that in the US sub-prime mortgage industry and a consequential tightening in credit markets affect Cayman Funds?
• How do Master Feeder structures cope with liquidity and solvency problems?
• Effect of leverage at feeder and master levels.
• Conflicts of interest within Master Feeder structures?
• When to suspend redemptions and NAV calculations and effect on investors and creditors?
• Dealing with pricing and re-valuation issues at Master Feeder level and also for fund of funds.
• Managing illiquid investments including creation of side pockets.
• Protection of the interests of shareholders in relation to the fund, as between each other and in relation to creditors.
• Prior to launch anticipating future problems within fund structures and ensuring the fund documentation provides for their management.
• Interrelationship between Cayman Islands insolvency law and US Federal Bankruptcy Law. Can Cayman Islands liquidators of Cayman funds obtain assistance from US courts in protecting the assets from creditors? What are the effects and implications of the apparent reluctance of US Bankruptcy courts to recognise liquidators of offshore funds? Who can petition to wind up a Cayman company and when?
• Do segregated portfolio companies provide any benefits to investors when faced with major financial crisis affecting fund liquidity and net asset value?
• Reaction of Regulators to US sub-prime mortgage and international credit crises and the extent to which regulation can protect investors.
• Review of international regulatory and political attitudes to and impact of anticipated changes to international law, policy and regulations on the hedge funds industry.

The cost will be US$450 per person.

The conference will be for a full day and will include continental breakfast, lunch and a cocktail reception in the evening. The panel of speakers will include local and international experts.

A full program will be circulated shortly with details of the speakers.

For more information please contact Alistair Walters or John Wolf at Campbells.

Tel. 1 345 949 2648
Fax. 1 345 949 8613

E.mail: awalters@campbells.com.ky or jwolf@campbells.com.ky

In conjunction with media partner

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Staff changes

The partners are pleased to announce that Sylvia Howie has joined the firm as an associate in its corporate and commercial department. Sylvia will specialize in super-yacht and shipping matters as well as general corporate and commercial work.

Sylvia Howie graduated with a BA (Hons) in Law & Criminology and a Diploma in Legal Practice from the University of Sheffield before training at City firm Watson, Farley & Williams, spending time in their Singapore and Thailand offices and qualifying into the corporate department in London in 2000.

In 2002, Sylvia moved to boutique shipping firm Shaw and Croft in London where she specialized in super-yacht finance transactions acting for private lenders, banks and borrowers in multi-million dollar mortgage based yacht finance transactions. Sylvia moved to Genoa in 2004 to take a position with Italian shipping specialists Studio Legale Rollandi where she continued to develop her ship finance experience and contacts with yacht builders and brokers in Italy and the South of France.

In 2005, Sylvia returned to her native Edinburgh as an Associate in the corporate department of leading Scottish firm McClure Naismith where she mainly focused on general corporate matters but also specialized in commercial ship finance transactions before moving to Campbells in 2007 when she was admitted as a Cayman attorney. Sylvia specializes in the sale, purchase, registration and finance of super-yachts and general corporate matters.

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