Business in brief


Cayman law firm Campbells’ ninth annual Cayman Fund Focus conference, set for 18 November at the Westin Casuarina Resort, will concentrate on the implications of the recent court decision in the so-called “Weavering case”, in which two hedge fund directors were found guilty of willful neglect of their duties.

Acknowledging the importance of this decision to the financial-services industry, Campbells Managing Partner Alistair Walters said the conference, Call of Duty – Cayman Funds, is hosting an impressive lineup of experts. Speakers will be offering in-depth discussions on the decision itself, the potential effects and what the various stakeholders will need to look at going forward.

“Following the Weavering decision, we will be concentrating on the relationship between investors, funds and their service providers, looking at service-provider selection, the nature of services provided, duties assumed and contracted for, and how and when expectation gaps may arise,” Mr. Walters explained.

Walters will introduce the day-long conference, followed by keynote speaker Cindy Scotland, managing director of the Cayman Islands Monetary Authority. Yolanda Banks-McCoy, CIMA Head of Investment and Securities, will offer a regulatory update.

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Ross McDonough and Kirsten Houghton of Campbells will provide a legal perspective and hold a question-and-answer session on the Weavering case.

The conference will also address fund start-up, operation, management and troubleshooting from various perspectives with manager and investor, director, and administrator and auditor panels.

Another group of experts will examine Restructuring, Liquidation And Litigation Issues, with the final session looking at The Future of Independent Directors with Don Seymour, managing director of dms Management Ltd and Jason D. Papastavrou of Aris Capital Management.

Stafford Flooring

Stafford Flooring, a new specialty flooring boutique, recently opened in the Cayman Islands in the Governor’s Square shopping centre. It is the first international location for the Bermuda-based flooring company that was formed over 25 years ago.

“Cayman is contemporary and at the forefront of true tropical style and elegance, which is in perfect alignment with Stafford Flooring and our line of products,” said Randy Stafford of Stafford Flooring.

Rawlinson & Hunter

The partners of Rawlinson & Hunter announced that their 2011 Scholarship has been awarded to Abigail Stoddart.

Ms Stoddart graduated from John Gray High School (with Honours) in 2009 and from Cayman Prep and High School in 2011 after completing the two-year A-level programme. She will be pursuing her master’s of arts and social sciences degree, majoring in accounting and finance at the University of Aberdeen, Scotland.

Research In Motion

Research in Motion announced the launch of three BlackBerry 7 smartphones for the Caribbean region. The new BlackBerry Bold 9900, BlackBerry Torch 9860 and BlackBerry Torch 9810 are expected to be available from carrier partners in the major markets of the Caribbean starting mid-October.

BlackBerry 7 introduces a next generation BlackBerry browser with a significantly faster, more fluid web browsing experience, 
RIM said.


Walkers Global SPV has become a silver partner of Cayman Heart Fund. “Walkers is delighted to once again support the Cayman Heart Fund and we have been extremely impressed by their excellent work,” said David Byrne, Chief Marketing Officer with Walkers.

“Walkers Global SPV’s generous donation is further recognition of the role that heart health plays in a healthy community” stated David Dinner, Chair of the CHF, “It is with the help of organisations like this that allows us to continue to work towards our goals of reducing the incidence and impact of heart disease in the Cayman Islands,” he added.

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