KPMG in Jersey is holding a breakfast seminar on Thursday 26 April to explore local and global trends in insolvency.

The seminar – entitled ‘Averting Désastre. Insights into offshore and cross border insolvency’ will cover recent issues and experiences in offshore and cross-border insolvency, share war stories from topical cases (including MF Global UK), and highlight the many complexities faced during insolvencies, including ways to help manage the associated risks and liability.

The seminar will take place at the Pomme D’Or hotel and will be led by Stuart Gardner, Restructuring senior manager for KPMG in Jersey.

Joining Mr Gardner will be Richard Heis, a partner for KPMG in London, who specialises in financial sector insolvencies and complex cross-border assignments. Mr Heis has a vast array of experience in offshore and cross-border insolvency, including MF Global and a number of high profile UK and international insolvencies. He is also a council member of the Association of Business Recovery Specialists (R3).

Mr Gardner will use this opportunity to explore recent local case studies and outline how many of the complexities and issues faced locally are not dissimilar to those of the large high profile insolvencies seen internationally.

“It is vital that we take heed of what is happening in the wider financial environment, so that we learn from the experiences of these cases to mitigate any associated local risks and to always seek to maximise stakeholder value. As part of a global organisation we work very closely with KPMG in the UK and our other offices around the world to ensure that we achieve this aim.”

“This is where Richard’s expertise proves invaluable and I’m delighted that he has been able to come over to the islands to share his knowledge with us,” said Linda Johnson, Restructing director at KPMG in Guernsey. KPMG in Guernsey will be running a similar presentation the following day.

The seminar is recommended for finance and non-finance business sector professionals, non-executive directors and business owners. Registration and a light breakfast will be served from 8.15 am and the briefing will begin at 8.30 am and close at 9.45 am.

For more details or registration contact Kay Jones on 01534 632526 or email kayjones@kpmg.jersey.je.

Issued by John McCarthy, Orchard PR, e-mail: john@orchardpr.com or tel: 01481 240600

NOTES TO EDITOR:

About KPMG Channel Islands Limited

KPMG Channel Islands Limited is the Channel Islands member firm of KPMG International. It has offices in Guernsey and Jersey employing more than 220 staff. It is a leading auditor of investment funds in the Channel Islands as detailed in the annual LIPPER Fitzrovia survey and has large market shares in the banking, structured finance and insurance sectors (no independent market share figures available). It also audits many local businesses, including the States of Guernsey owned trading companies.

About KPMG

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 150 countries and have 138,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.