Business in brief

Mourant Ozannes partner promotions  

Offshore law firm Mourant Ozannes has announced that Eleanor Morgan and Nicholas Fox are set to become partners in its BVI office, and partner Shaun Folpp will head to the Hong Kong office to establish a BVI and Cayman litigation offering to Asia-based clients. 

Mourant Ozannes said the moves come in response to the success of its BVI and Hong Kong offices since their opening in 2012. The offices are exceeding their financial targets, and headcount has risen to 15 based in the BVI and 18 in Hong Kong. 

Jeremy Wessels, partner and International practice group head of litigation, said, “I’m delighted that Eleanor and Nicholas have joined the partnership, and that Shaun will spearhead our practice in Asia. I look forward to working with them to develop our top-tier global practice. Our 20 partner-strong litigation practice is the largest of any offshore firm and works on the most complex and high profile cases. Just in the past two years, we have advised on the liquidations of the Kingate Funds, Weavering Macro Fixed Income Fund, Victory Life & Pension Assurance Company, Primeo Fund, the claim against Maan Al Sanea and Saad Companies, the restructuring of Arcapita Investment Holdings Limited and ongoing litigation in respect of Carlyle Capital Corporation Limited, R2R Funds and YT Charitable Foundation (International) Limited.” 

Global managing partner, Jonathan Rigby added: “Our strategy for growth is one based on quality and excellence – for our jurisdictions, our clients and our people. I’m delighted that these talented lawyers have been promoted to the partnership. The promotions and Shaun’s move further demonstrate our continued commitment to our investments in the BVI and Hong Kong.” 

Ms. Morgan joined the firm in 2013 and has broad-based experience of commercial and trust litigation and contentious insolvency.  

Before joining the firm in 2010, Mr. Fox practiced at the English Bar, and then at another large offshore law firm.  

Walkers scholarship recipients 

Jada Andrade of St. Ignatius Catholic School and David Lee of Cayman International School have been awarded Walkers’ scholarships, which will pay their university fees, provide them summer internships when on university holidays, and give them the opportunity to gain an articled clerkship with Walkers on completion of their studies. 

Both Jada and David have a track record of excellence, Walkers said in a statement. They began their schooling at local government schools and both received scholarships at their respective private schools. After their upcoming exam results, Jada plans to attend the University of Bristol or the University of Manchester, U.K., and David plans to attend the University of Liverpool. 

Anthony Partridge, chair of Walkers Trainee Committee, said Jada and David “were the stand-out candidates in a very competitive group of Caymanian students. From their applications through to their interviews, I could tell that we had two candidates that emphasized Walkers’s core values of respect, integrity, consistency, honesty and trust. Cayman’s legal future is in good hands with these two outstanding young adults.” 

RBC bank donates to Flowers Sea Swim 

RBC Royal Bank became a silver sponsor of the Flowers Sea Swim by donating $5,000. 

“At RBC we remain committed to improving our community, making investments in education, youth and the development of people,” said Michael Munnings, RBC country head and area vice president. “The annual Flower’s Sea Swim is one of several methods through which we continue to achieve this. Registration proceeds will benefit Special Olympics Cayman Islands this year and we couldn’t be more delighted than to continue our annual support of the Flowers Sea Swim event.”  

Dara Flowers-Burke, event organizer, said “The Flowers Sea Swim team is delighted to have RBC’s continued support. Without partners like RBC,the event would not be possible.” 

RBC Royal Bank said it continues to support events geared toward community development. “Swimming not only exercises the body, but also requires setting personal goals and working hard to meet and exceed those goals. Involvement in these activities teaches participants to be the best they can be,” said Mr. Munnings.  

CIBC FirstCaribbean staffer honored twice for her service 

Shadden McLaughlin, one of eight people from around the region voted as CIBC FirstCaribbean’s top performers, was recently honored again by the bank.  

Ms. McLaughlin was invited to Barbados for a celebration weekend with the bank’s senior Caribbean executives. This reward comes after a week-long trip to Hawaii in January, when the executive assistant to the managing director and her husband joined outstanding employees from throughout the CIBC group to mingle with senior officers of the CIBC group and take part in business sessions and fun activities.  

Winners were selected from all levels of the bank and received their awards for achievements in sales, customer service, leadership, innovation and teamwork. 

Frank Flowers and Dara Flowers-Burke, organizers of the Flowers Sea Swim, with Kenisha Morgan-Taylor, RBC assistant manager, Products, Marketing & Channels.