Jeremy Durston

Notable recent instructions include:

• Acting for a large international audit firm defending claims brought by investors and a US Court-appointed Receiver, which included claims for negligent misrepresentation, aiding and abetting fraud, breach of fiduciary duties, issuing misleading opinions, knowingly downplaying and concealing significant accounting deficiencies which led to alleged overvaluation of US$345 million.
• Acting for a captive insurance company on a successful challenge to CIMA’s determination that its shareholders and directors were not fit and proper as a result of their alleged involvement in a major international corruption and bribery scandal valued in the hundreds of millions.
• Acting for a leading Cayman Islands corporate services provider in its challenge to a multi-million dollar fine imposed by CIMA for alleged breaches of the Cayman Islands’ Anti-Money Laundering Regulations, in a precedent-setting case concerning the administrative fines regime.
• Acting for a majority shareholder group in a highly contentious winding-up proceedings which resulted in a stay and continuation of operations (assets valued over US$38 million).
• Acting for a large international captive insurance company in a successful judicial review challenge to a US regulatory treaty request which sought the disclosure of hundreds of thousands of confidential client documents.
• Acting for a bank in relation to an inter-regulator evidence production request with respect to an allegation of international fraud and money laundering within an international sporting governance body.
• Acting for a bank in the defence of a class action brought by 314 individuals involving allegations of bribery and money laundering exceeding US$50 million.
• Advising a corporate service provider on successful appeals against six-figure fines under the beneficial ownership regime.
• Acting for independent directors in relation to potential liability claims for alleged unauthorised investments, concealment, improperly suspended redemptions and conflicts of interest valued at over US$3 million.
• Acting for a major US health services provider in a highly complex cyber-fraud matter involving sophisticated asset tracing exercises and coordinated proceedings in foreign jurisdictions.
• Acting for a captive insurance provider in a dispute involving complex life insurance structures, premiums, redemptions, royalties, pledge claims, agency and a share purchase agreement dispute which was collectively valued in the hundreds of millions of dollars.
• Acting for shareholders and directors of an investment fund in the defence of a winding up petition presented on a just and equitable basis, arising from alleged deadlock, mismanagement and breach of fiduciary duties, in circumstances where the investor’s committed capital was in excess of US$19 million.
• Advising independent directors in relation to various matters including: i) the collapse of complex fund structures and redemption related issues; ii) statutory and fiduciary duties in insolvency scenarios; iii) the appointment of Controllers or Examiners; iv) potential liability with respect to fraud perpetrated by third parties; v) indemnities; vi) cooperation with local and international regulators (including the SEC) as well as liquidators.

Jeremy studied commerce in Canada and law the United Kingdom and the Cayman Islands before being admitted to the Bar of England and Wales in 2008. He then worked out of a leading set of Chambers in England. During his time in the UK Jeremy obtained extensive advocacy experience in the first instance and appellate courts relating to all manner of cases including commercial disputes, white-collar crime and fraud.

• Barrister, Eastern Caribbean Supreme Court (Virgin Islands), 2020 (practising)
• Attorney at Law, Cayman Islands 2014 (practising)
• Bar of England and Wales, 2008 (non-practicing)
• BPP Law School, Bar Vocational Course, 2008
• University of Liverpool, LLB (Hons) First Class, 2007
• Royal Roads University, BComm Entrepreneurial Management, 2003

• Barrister, Exchange Chambers, Liverpool, UK

• Restructuring and Insolvency Specialists Association (RISA), Cayman Islands
• Professional Practice Course lecturer – Truman Bodden Law School, 2015 to 2018
• The Honourable Society of the Inner Temple