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The Company was to be sued over a substantial unpaid debt, when it was discovered that it had been put into voluntary liquidation without notice to the creditor, and without paying the debt.

What fundamentals are driving the renewed interest in Islamic finance?

NCB (Cayman) Limited has reaffirmed its CariA rating on the regional scale, a reflection of the company's solid financial foundation and positive performance within the thriving economic landscape of the Cayman Islands.

In a recent judgment, Justice Doyle considered the principles applicable in agreeing to adjourn the hearing of a winding up petition....

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 has recently seen the passing of a number of laws to improve the Island's regulatory framework in support of the international financial system's integrity.

With the growing recognition by various non-G7 governments that there are significant economic benefits to be gained by implementing effective governmental governance procedures and a system that is recognised by the international community as adhering to the law, cross-continental capital flows for investment and the creation of private wealth have increased significantly.

In a global environment of macroeconomic uncertainty and evolving regulatory demands, we spoke with several of our leaders across Walkers Professional Services (WPS) to see how these are affecting corporate services.

If the Court is to accede to an application to restrain a winding-up petition, the company must establish prima facie on the evidence that to do so would be an abuse of process.

How should liquidators deal with the administrative burden of adjudicating thousands of low-value proof of debts in a liquidation estate, without exhausting the...

The Cayman Islands Stock Exchange is much more than a mere ‘listing machine’ and is an integral part of the Cayman Islands success story. Its hi-tech low cost professional approach has seen impressive year on year growth since its beginnings in 1997. The initial surge of interest has yet to die down. With its current listings standing at over 1200 (January 2007), it has posted an impressive annual growth rate of over 20 per cent.

Eurobonds listed on the Cayman Islands Stock Exchange (the "CSX") now benefit from the quoted Eurobond exemption for withholding tax purposes.

Enhancements to the Irish regime governing investment limited partnership (the "ILP") have led to increased interest in this structure as an option when considering the establishment of a new investment fund.

In a decision of Mr Justice Doyle in Re HQP Corporation Ltd (in official liquidation), handed down on 7 July 2023, the Grand Court of the Cayman Islands has confirmed that claims of investors whose subscriptions were induced by misrepresentation ...

Off the back of another record breaking year of deals, both in size and volume, the resilience of the fund finance market is likely to continue throughout 2022.