2016, 2016 Caribbean Insolvency Symposium

This panel will discuss the latest cross-border insolvency decisions from U.S. and Caribbean courts.

The panel will discuss Puerto Rico’s present economic condition/situation, the sequence of events that have led to PR’s present economic crisis, what should/can be done to restructure PR’s debt, whether chapter 9 is an appropriate tool to restructure PR’s debt or a solution to its economic condition, and the legal issues that PR is likely to confront in light of its economic crisis.

This program will address the ethical obligations and best practices to be used by bankruptcy professionals to protect client confidences and valuable estate property in the era of the data breach. The panel will review the rules governing the attorney/client privilege in U.S., The Caymans, and other jurisdictions, as well as the ethical obligations of professionals to secure client information in their possession to forestall the unwanted disclosure of such information due to a data breach.

This panel will address the legal and forensic issues arising from the newest iterations of this very old form of fraud, including recent cases in the Caribbean involving “reverse merger” schemes. Panelists include the fiduciaries appointed in the wind-up of the Telex Free and Peters Ponzi schemes, two of the larges schemes in history and both with deep connections to the Caribbean.

This panel will provide practical advice to attendees from the viewpoint of a chapter 7 trustee, an accountant and an attorney regarding completeness of schedules, how to properly prepare a debtor to face a chapter 7 trustee interrogation, and discussions on several administrative matters such as late-filed claims, asset-liquidation accounting and § 341 hearing continuances. The panel will also cover recent chapter 7 case law developments.