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ARTICLE · 18 DECEMBER 2024

Cayman Islands Litigation: Reflecting On The Year 2024

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As the Grand Court of the Cayman Islands is set to close for 2024, we reflect on some of the large-scale cross-border insolvency and restructuring proceedings and complex commercial disputes dealt with in the jurisdiction during 2024.

Cayman IslandsInsolvency/Bankruptcy/Re-Structuring
Clare Bradin
Clare Bradin
Sean-Anna Thompson
Sean-Anna Thompson
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As the Grand Court of the Cayman Islands is set to close for 2024, we reflect on some of the large-scale cross-border insolvency and restructuring proceedings and complex commercial disputes dealt with in the jurisdiction during 2024.

Statistics from the Grand Court

The Grand Court, which has jurisdiction for civil and criminal matters, has five divisions: (1) Financial Services; (2) Family; (3) Criminal; (4) Admiralty; and (5) Civil.

As the Cayman Islands continues to be one of the leading jurisdictions in the world for financial services, it is not surprising that our research reveals that the Financial Services Division was the most active of these five this year, with approximately 320 new proceedings filed in 2024. These proceedings related to a diverse range of matters including capital reductions, schemes of arrangement, company restorations, and winding up petitions.

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