Virtual

Practical considerations when encountering financial distress within Trust structures

10 Nov 2023

Location: 3:00-4:00 pm (GMT) / 10:00-11:00 am (EST) Virtual Event, Zoom
Members: FREE to attend - Book by 10 Nov
Non Members: Register above as a member and attend for FREE - Book by 10 Nov

Practical considerations when encountering financial distress within Trust structures

Highlights

Companies play a vital role within many trust structures. The versatility they bring often comes with additional layers of complexity and potential risks which trustees must remain mindful of and be ready to act when appropriate.

During this webinar, our panel of experts in the private client, restructuring and legal space will talk through key considerations when identifying and addressing distressed situations which may arise within the corporate entities held by trusts.

Main topics to be covered:

  • Red flags to look out for when holding companies in a trust structure;
  • How a trustee should approach the supervision of underlying companies; and
  • Options and resources available when faced with financial difficulties, distress and insolvency risks in companies held by trusts.

Who will benefit from this session?

Private wealth industry professionals including trustees, family offices and their legal advisors.

Fraser Allister
Managing Associate
Bedell Cristin, Cayman

Fraser specialises in the creation of offshore wealth planning structures. He is qualified in BVI and the Cayman Islands. Prior to joining Bedell Cristin he worked for another offshore firm, based in the Cayman Islands, for five years. He advises trust companies, family offices, high net worth and ultra-high net worth individuals and families. He also works with onshore law firms and their clients in designing and operating wealth planning structures.

Fraser's practice involves trusts (including STAR trusts and VISTA trusts), foundations, trust companies (including private trust companies), companies and other vehicles. He prepares complex and straightforward wills and he helps guide clients through the probate and administration of estates process in BVI and the Cayman Islands. He also advises on offshore regulations as they apply to international private clients, including anti-money laundering, beneficial ownership registers, CRS / FATCA and economic substance.

Before moving offshore Fraser was a solicitor and chartered tax advisor in the UK, advising high net worth individuals and families on tax and succession planning.


Fraser Allister
Fraser Allister Managing Associate
Bedell Cristin, Cayman
Kirsten Brass
Senior Associate
Bedell Cristin, Jersey

Kirsten is a senior associate in the International Private Client team, having relocated to Jersey from Glasgow where she was practising as a Scottish private client solicitor.

Kirsten advises professional trustees and individuals, locally and internationally, on all aspects of Jersey trust law and the related company and commercial law issues. Kirsten is regularly involved in the establishment, ongoing administration and restructuring of Jersey trusts.

She also has expertise in the intricacies of private international law as it applies to wills, succession, probate, inheritance and lasting powers of attorney.

Credentials:

  • Named as one of the 2023 eprivateclient NextGen Leaders (Channel Islands)
  • Named as one of the 2023 eprivateclient NextGen Leaders (UK/ UK Crown Dependencies)

Kirsten Brass
Kirsten Brass Senior Associate
Bedell Cristin, Jersey
Edward Ford
Associate Director
R&H Trust & Corporate

Edward is an Associate Director of R&H Trust & Corporate (operating as The R&H Trust Co. Ltd.) and he specialises in the establishment and administration of international trust structures, private trust companies and purpose trusts for ultra-high net worth individuals and institutions. The R&H Trust Co. Ltd. is a licenced trust company owned and operated by Rawlinson & Hunter in the Cayman Islands.

Edward has over 14 years of experience in the financial services industry. He joined the firm in 2015 and was promoted to Senior Trust Manager in 2020 and Associate Director in 2022.

He is a qualified Chartered Accountant, and holds the Trust and Estate Practitioner (TEP) designation. Edward is also a member of the Cayman Islands branch of STEP and the Cayman Islands Institute of Professional Accountants (CIIPA).


Edward Ford
Edward Ford Associate Director
R&H Trust & Corporate
Owen Walker
Director
R&H Restructuring, Cayman

Owen is a Director and insolvency practitioner with R&H Restructuring (Cayman) Ltd. and has been specialising in corporate restructuring, insolvency and turnaround for over 15 years. His focus is an offshore cross-border insolvency and restructuring and is an appointment taking Insolvency Practitioner in both the British Virgin Islands and the Cayman Islands.

Owen has extensive experience in successfully delivering and managing a variety of assignments including complex administrations, liquidations and receiverships in a variety of sectors, litigation support and asset-tracing and recovery in the UK, US, Cayman Islands, British Virgin Islands, Ireland, the Far East, Russia and continental Europe.

Owen is a Chartered Accountant and fellow of the Institute of Chartered Accountants of England and Wales. He is a member of RISA, the Cayman chapter of INSOL and is a member of the American Bankruptcy Institute.

 


Owen Walker
Owen Walker Director
R&H Restructuring, Cayman

Agenda

2:55 pm
Audience Log On
3:00 pm
Chair's Opening Remarks
Speakers:
Edward Ford - Associate Director - R&H Trust & Corporate
3:05 pm
Practical considerations when encountering financial distress within Trust structures
Speakers:
Fraser Allister - Managing Associate - Bedell Cristin, Cayman
Kirsten Brass - Senior Associate - Bedell Cristin, Jersey
Edward Ford - Associate Director - R&H Trust & Corporate
Owen Walker - Director - R&H Restructuring, Cayman
3:45 pm
Panel Q&A
4:00 pm
Chair's Closing Remarks
Speakers:
Edward Ford - Associate Director - R&H Trust & Corporate

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Contact Us

If you are interested in this event and would like some more information before making your decision to attend please contact Maddi on or email maddi@thoughtleaders4.com