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With the financial world crashing down around us and, every day, another company reporting that it is having financial difficulties, it is reassuring to know that there are professionals out there working to bring order to the chaos. As one of the world’s leading financial centres, the Cayman Islands is at the forefront of the battle to restore confidence and stability to the financial markets. An integral part of this process requires dealing with distressed companies which can include helping them restructure their operations; overseeing their liquidation; or tracking down and recovering misappropriated assets.
For many years, Kroll (Cayman) Limited has been recognised as the Caribbean region’s leading provider of insolvency and restructuring services. In March of this year, Kroll (Cayman) Limited became Zolfo Cooper when it joined the Zolfo Cooper group which provides corporate advisory and recovery services throughout the world.
Jim Cleaver, the managing director of Zolfo Cooper’s Caribbean operations, is well known in Cayman and widely regarded as one of the most experienced and capable insolvency practitioners in the region. He explained the change from Kroll to Zolfo Cooper: “We felt that joining Zolfo Cooper would augment our core capabilities, enable us to provide an even greater level of service to our clients, and provide us access to a global pool of incredible talent from which we could draw to provide a comprehensive range of solutions to meet our clients’ needs.”
Zolfo Cooper’s professionals have unrivalled experience in dealing with complex, cross-border restructuring and insolvency assignments. From its two main Caribbean office sites in the Cayman Islands and the British Virgin Islands, Zolfo Cooper is active throughout the region in providing immediate assistance to companies in distress. Its team has an outstanding track record of providing clients with tailored, structured solutions to restore viability, profitability and credibility. For those companies that must be liquidated, Zolfo Cooper’s insolvency professionals have established a reputation for obtaining proactive realisation of assets leading to a rapid distribution to investors and creditors.
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Jim Cleaver,
Managing Director of Caribbean Operations:
Affiliating with Zolfo Cooper will 'enable us to provide an even greater level of service to our clients.'
Given the often contentious nature of cross-border insolvency and restructuring work, Zolfo Cooper has also developed an enviable array of talent in litigation support services. By combining financial insight and experience with sophisticated investigative techniques, Zolfo Cooper is able to promptly uncover and unravel the facts surrounding any fraud allegation. So, when concerns of fraud, abuse, or accounting irregularities arise, Zolfo Cooper’s forensic accounting team provides a valuable resource for establishing the extent of any problem and providing solutions to deal with those problems.
Given that so much of today’s information is created and stored electronically, a natural consequence of Zolfo Cooper’s focus on excellence in its litigation support services has been the development of computer forensics services unmatched in the region. With a computer forensics laboratory in Cayman, supported by additional sites around the world, Zolfo Cooper’s computer forensics examiners are able to find and recover hidden or deleted data which often prove crucial to the resolution of a case.
Zolfo Cooper’s multidisciplinary approach and ability to draw on an array of unrivalled professionals according to the needs of each unique situation makes the firm the first choice for anyone seeking independent, unbiased and conflict-free advice.
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