GRR Live, Offshore: Cooperation is key – Judge Carey on the state of modified universalism

14 March 2019

Assessing the current state of modified universalism, Judge Kevin Carey from the Delaware bankruptcy court discussed how a new UNICTRAL Model Law could push the UK away from the territorialism of Rubin and Gibbs, and considered the potential impact on international comity of a recent US appeal court decision on extraterritorial avoidance.


Laura Hall

Allen & Overy

Laura’s cross-border litigation practice focuses on assisting clients in navigating the intersection of domestic and foreign legal regimes, particularly in financial services, technology and restructuring.

Her experience in bankruptcy litigation includes representation of financial institutions, debtors, creditors and foreign representatives in state and federal courts at the trial and appellate level. Laura was a member of the Toronto-based trial team representing the Canadian Nortel Networks entities in a historic joint trial between the Delaware Bankruptcy Court and the Ontario Superior Court. Laura also advises clients in distressed asset sales and out-of-court restructurings.

Hilary Stonefrost

South Square

Hilary specialises in domestic and cross-border insolvency, restructuring and company law. She also has experience in banking matters.

Hilary has been instructed in a number of major insolvencies, including Olympia & York, BCCI, Barings, Railtrack and Hellas.

Keynote Speaker

Judge Kevin Carey

United States Bankruptcy Court for the District of Delaware


Mark Bloom

Greenberg Traurig

Nick Herrod

Maples Group

Ben Hobden

Conyers Dill & Pearman

Fiona MacAdam


Rachael Reynolds


Jeremy Snead


R. Adam Swick

Reid Collins & Tsai


13.15: Registration and light lunch

14.00: Chairs’ opening remarks

Hilary Stonefrost, South Square

14.10: Keynote speech

Judge Kevin Carey, United States Bankruptcy Court for the District of Delaware

14.40: Session one: Case-studies on COMI – what do recent matters show about how it is being determined, and what dynamics are driving those cases?

This session will look back at recent cases where the determination of COMI proved key, interviewing the lawyers and others who worked on those matters about how decisions were taken, and drawing out the dynamics and pressure at work behind the scenes.

Hilary Stonefrost, South Square

Nick Herrod, Maples Group 
Fiona MacAdam, Walkers
R. Adam Swick, Reid Collins & Tsai

15.50: Coffee break

16.20: Session two: The GRR Live Question Time

A unique session of free-flowing discussion built around questions submitted by the audience. This interactive session provides the audience with an excellent chance to get the views of leading names on the topics of the day, as well as to sense check their own approach against that of peers.

Some of the topics the panellists will discuss include:

  • Platinum partners – What lessons have been learnt about working with foreign regulators?
  • What will be the effect of the forthcoming changes to insolvency law in the Cayman Islands?
  • What recent cases and trends in the Cayman Islands have significantly affected the practice of restructuring law?

Laura Hall, Allen & Overy

Mark Bloom, Greenberg Traurig
Ben Hobden, Conyers Dill & Pearman
Rachael Reynolds, Ogier
Jeremy Snead, Appleby 

17.30: Chairs' closing remarks

Laura Hall, Allen & Overy

17.40 onwards: All delegates are invited to attend a drinks reception, followed by an all-conference dinner kindly hosted by Allen & Overy


The Westin Grand Cayman Seven Mile Beach Resort & Spa, 30620 Seven Mile Beach, Seven Mile Beach 0, Cayman Islands

Ticket Prices

Private Practitioner
Type Price Until
Super Early $300 01 Feb 2019
Early $400 01 Mar 2019
Standard $500 12 Mar 2019


Type Price
Standard $0