436 results found

In a recent decision on 3 February 2022 in the liquidation of Direct Lending Income Feeder Fund (DLIFF), the Grand Court has given important clarification of the legal tests to be applied when considering an official liquidators' fee approval application.

The Cayman Islands Government has published the Companies (Amendment) Bill, 2021 (Bill) which will introduce welcome amendments to the Companies Act (2021 Revision) (Act)...

A compromise or arrangement between a company and any class or classes of its creditors (and/or shareholders). The process broadly mirrors an English scheme of arrangement...

In CHC Group Ltd ("CHC") the Cayman Islands Grand Court has determined that, in certain circumstances...

The Cayman Government has restricted entry to the Island since mid-March and is currently operating a curfew system day and night for residents other than essential workers, with the..

The Grand Court of the Cayman Islands recently confirmed expressly for the first time that it has jurisdiction to wind up a segregated portfolio company ("SPC")...

Frequently obtained, but rarely challenged, dissolution orders are an important final step in the process of liquidation. Dissolution represents the end of an official liquidation...

Due to the timing of the redemption payments, it was the construction of the Companies Law (2007 Revision) (the "Law") that fell to be considered.

As the English High Court describes, in the context of proprietary injunctions, the Legal Statement of the UK Jurisdiction Task Force (UKJT)...

The United States’ Bankruptcy Court for the District of Delaware has recognised the liquidation of a Cayman company, Saad Investments Finance Company (No5) Limited ("SIFCO5") (an SPV established to operate as an investment company), as a "foreign main proceeding" under Chapter 15 of the United States’ Bankruptcy Code.

CIMA has historically allowed registered funds that have operated but are now being terminated to apply for a part-year audit waiver when the initial termination filings are made.

Waves from the tsunami that was the Madoff fraud have washed ashore in Bermuda, the British Virgin Islands (BVI) and the Cayman Islands.

On 22 November 2016 the European Commission published its proposal for a draft directive on preventative restructuring frameworks ("Draft Directive").

As financing transactions have become more sophisticated over time, it has been common for parties to a transaction to agree in advance to certain matters...

In the current economic circumstances the modern trend among insolvency professionals to avoid the term ‘insolvency’ in favour of the more optimistic ‘restructuring’ may have a ring of Orwellian doublespeak about it.

The commencement order for the Companies (Amendment) Act, 2021 - legislation that is intended to attract and maintain restructuring and liquidation business in the Cayman Islands.

Those in the subscription credit market will likely be familiar with traditional collateral arrangements over the capital call rights of Cayman funds formed as exempted limited partnerships (ELPs).