Executive Summary
Where multiple Cayman Islands entities in the same corporate
structure become subject to insolvency proceedings (e.g. Cayman
Islands master/ feeder fund structures), the Cayman Islands Courts
will typically seek to appoint the same liquidators at each level
where such entities share similarities in circumstances. Doing so
typically aligns with the Overriding Objective of the Court to deal
with matters economically and efficiently, and in the context of a
liquidation, helps protect the interests of stakeholders in the
liquidation.
That said, certain circumstances may call for the
appointment of different office holders at different levels of the
structure or even at the same level.
