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ARTICLE · 03 SEPTEMBER 2024

Enforcement Of Judgments 2024

Collas Crill
Collas Crill
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Collas Crill

Collas Crill

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The Cayman Islands has developed a framework for the enforcement of foreign judgments, including arbitral awards, which has long been recognised as friendly to those wishing to enforce judgments or awards...

Cayman IslandsInsolvency/Bankruptcy/Re-Structuring
Stephen Leontsinis
Stephen Leontsinis
Annalisa Shibli
Annalisa Shibli
Kirsten Bailey
Kirsten Bailey
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The Cayman Islands has developed a framework for the enforcement of foreign judgments, including arbitral awards, which has long been recognised as friendly to those wishing to enforce judgments or awards against assets, or entities, located within the jurisdiction. This is often attributed to the desire to advance the Cayman Islands' reputation as a creditor-friendly financial services centre. However, as much as the available procedural mechanisms can facilitate easy enforcement in the Cayman Islands, the process is not always straightforward, particularly when the judgment debtor is unwilling (or unable) to satisfy its obligations as prescribed by the judgment or award.

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