Strategic Use of Independent Directors in Multi-Jurisdictional Insolvency Proceedings
The following session took place during Caribbean Insolvency Symposium in February 2019. This panel will explore the roles, responsibilities, benefits and liabilities in using independent directors through multi-jurisdictional insolvency proceedings and will discuss using directors strategically throughout the life of a company. The panelists will explain the three typical stages of a company where directors could be instructed — going concern, insolvency and emergence from a restructuring — then explain the roles and responsibilities at each of these appointments.