Matthew Goucke, an associate in the Litigation Department of Walkers’ Cayman Islands office, has been made a Fellow of INSOL International, the world’s leading insolvency association.
Mr. Goucke achieved this designation by completing INSOL’s Global Insolvency Practice Course, the premier advanced qualification focusing on cross-border insolvency. A maximum of 20 candidates are admitted to the course each year and 14 individuals worldwide graduated in 2011 to become Fellows of INSOL International.
“I am very pleased to have now completed the 2010/2011 INSOL Global Insolvency Practice Course which was a thoroughly rewarding, but challenging experience,” said Mr. Goucke. “The Fellowship course is quite unique in its scope as, amongst other things, it allows participants to learn from many of the best-known and well regarded academics and practitioners in the field. In addition, successful conclusion of the course is the gateway to a select and highly specialised alumni group drawn from across the globe. I am grateful to Guy Locke and the other partners within Walkers’ Litigation and ICR Groups for their invaluable support.”
Participants on the INSOL Fellowship course examine the adoption of international insolvency rules and provisions in many global jurisdictions and the course equips students with an extensive knowledge of the international aspects of the financial and legal problems faced by distressed companies.
The course
The intensive course was held over three modules, with lectures held in London and Singapore, before the final module which involved the students presenting in a virtual court and making real time negotiations for a multi-jurisdictional restructuring plan. Participants were required to present and role play to some of the world’s leading bankruptcy judges, including: Robert Drain – US Bankruptcy Judge, Southern District of New York and Justice Alastair Norris – Justice of the High Court, Chancery Division, Royal Courts of Justice, London.
“The INSOL International Fellowship designation is a great achievement by Matt and is very well deserved following the completion of an exceptionally demanding course,” commented Guy Locke, partner with Walkers and global head of the firm’s insolvency and corporate recovery group.
“In the wake of the global financial crisis, the skills and expertise of our insolvency professionals have been in extremely high demand, with the Cayman Islands element often central to the international restructuring process of global corporations,” Mr. Locke added. “Our ICR group has grown significantly over the past two years as we have helped companies recover from the economic downturn and develop strategies to better plan for any changes to the financial climate in the future.”
International Association of Restructuring, Insolvency and Bankruptcy Professionals was formed in 1982 and has grown over the years to become the world’s leading insolvency association, providing a valuable source of professional knowledge on diverse projects for the benefit of the business and financial communities.
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Congratulations on the certificate, Mr Goucke.
Restructuring of insolvencies and bankruptcies sounds like a method to avoid failed businesses paying the price for their over-reaching, and shovelling it onto others, while avoiding those responsible having to accept responsibility and (perhaps) paying their debts.
Is it perhaps what the Cayman Government needs?
Anyone care to comment?
Everyone is entitled to his or her opinion. But is it not a bit sickening to see people in this forum congratulate X-pats as long as the name of the person worthy of praise is a NON-CAYMANIAN LAST NAME OR SURNAME The praises and glory begin!
Why don’t you all start talking about creating a better attitude and respect the local people who’s territory you’re invading, after all no one asked you all to come here. You seem to think you’re indispensable.Caymanians are not at all benefiting from all you x-pats in this country so no one will miss you when you leave. You keep missing that point. If you had a better attitude of humility maybe they would just maybe begin to like you all. But with your snobbish attitudes you’re creating an ugly situation for yourself. Why can’t you praise and congratulate Caymanians when they achieve something, this is not your country, its ours.
I’LL be happy when direct rule comes all of you will be gone and we’ll be back to where we started but we were happy and everyone had a job and no debts, and there was no war between the races and nationalities, you all have brought racism to this country. You didn’t leave that behind, some of you ran to the Cayman Islands because your racist wars came to an end of suppressing the poor and the minority races.
You won’t destroy Cayman like that.