Professional Bio:

Catherine has almost 30 years of restructuring and insolvency experience working predominantly in the financial services industry and offshore jurisdictions.  Prior to working as a consultant for the Office of the Official Receiver, Catherine worked with Teneo for 18 months following 24 years with KPMG in Bermuda, Channel Islands, Isle of Man and UK. Catherine has managed numerous complex cross border insolvencies involving investigation, asset recovery and dealing with contentious insolvency matters.

Catherine also has significant experience in solvent liquidations and corporate simplification projects including wind-down of listed funds.

Catherine is a qualified UK insolvency practitioner (JIEB), Chartered Accountant (ICAEW), Fellow of the Association of Business Recovery Professionals and a member of IWIRC.

Selected Project Experience:

Complex cross border restructuring

• ICO Global Communications (Holdings) Limited (first combined use of Chapter 11 in the US and provisional liquidation in Bermuda. Subsequently similar restructurings for Global Crossing Limited and Loral Space & Communications Limited.
• Creditors winding up of Jersey entities part of UK administration of large shopping centre group.

Asset recovery and contentious insolvencies:

• Bermuda futures and options brokerage under criminal investigation in Switzerland with asset recoveries in various jurisdictions including Liechtenstein.
• Open end investment company incorporated in BVI where performance had been grossly over-stated.
• SVG bank which had been part of a ponzi scheme involving the sale of certificates of deposit.
• Group of Bermuda investment companies following allegations of the theft of funds by the directors.
• Just and equitable liquidation of a Jersey entity following shareholder dispute investigating breach of fiduciary duties.

Corporate simplification projects and solvent liquidations:

• An international bank, eliminating circa 50 of its surplus asset leasing, SPV and wealth management entities within UK, Cayman Islands and Netherlands.
• A property group exiting from the UK, eliminating over 70 solvent and insolvent entities, including complex structures with Unit Trusts and General/ Limited Partnerships.
• Winding up of Isle of Man real estate fund with Cayman subsidiary listed on AIM distribution.
• Winding up of Isle of Man SPVs part of an open ended Luxembourg fund.
• Reorganisation of underlying companies in a Guernsey trust structure to facilitate distributions of an investment in Isle of Man company and cash to beneficiaries in accordance with requirements with under the terms of a will.
• Summary winding up of Jersey fund previously listed on TISE which had sanctioned investors.
• Voluntary liquidation of a regulated Guernsey collective investment scheme previously listed on LSE.