436 results found

The closest Chinese equivalent to the English idiom of ‘sticking one's head in the sand' is ‘covering one's ears to steal bells'.

In the recent judgment of Re Premier Assurance Group SPC Ltd. (in Official Liquidation) (unreported, Smellie C.J., Cause No. FSD 264 of 2020 (ASCJ), 7 April 2022), the Grand Court of the Cayman Islands...

2024 has been a record year for the Cayman Islands, with the Cayman Islands Monetary Authority announcing that as of 15 August 2024, the Cayman Islands had a record-breaking total of 30,038 registered investment funds...

In a judgment delivered on 21 July 2023 (In the Matter of Silicon Valley Bank (Unreported, Grand Court, FSD 163 of 2023 (DDJ), 21 July 2023)), the Honourable Justice Doyle wound up Silicon Valley Bank...

On 10 November 2014, the Privy Council handed down its decision in Singularis Holdings Limited v PricewaterhouseCoopers.

The Cayman Islands recently introduced measures to further improve its technical compliance with the 40 Financial Action Task Force...

The Companies Law (as amended) (the "Law") provides that only companies incorporated in the Cayman Islands can be wound up there. There is no provision akin to Part V of the UK Insolvency Act 1986 (UK)under which the English court can wind up unregistered or foreign companies.

In a recent judgment in the liquidation of Herald Fund SPC, an insolvent Madoff feeder fund, the Grand Court addressed the extent to which official liquidators

Recent cases from common law jurisdictions have grappled with a recurring challenge: when a creditor seeks to wind up a company based on a debt governed by foreign law, and the debtor disputes that debt, how deeply should courts examine contested foreign law issues? Judicial responses have varied significantly, from treating any substantial disagreement between foreign law experts as grounds for dismissal to conducting more detailed inquiries into the merits of the dispute.

Collas Crill acted as Cayman Islands legal counsel to Holt Fund SPC (Company) in respect of its successful application for the appointment of restructuring officers.

In a landmark post-Rubin v Eurofinance ruling, the Grand Court of the Cayman Islands has granted common law recognition and assistance to liquidators appointed by the High Court of Hong Kong over an exempted...

The article explores key trends in the offshore markets, how insolvency practitioners are leveraging technology to enhance recoveries, challenges for creditors in offshore...

In 2011, in the case of Re China Milk Products Group Limited Mr Justice Jones held that the directors of an insolvent company had inherent authority to petition for its winding up...

With the rise of digital asset fraud and liquidations in the crypto industry globally, the courts have shown a continued willingness to assist litigants in overcoming the nuanced issues in the crypto present.

A nominee director stands somewhat apart from the other directors by virtue of having been nominated by a shareholder, or other stakeholder of the company, to represent the shareholder's particular interest.

The reforms to Part V of the Cayman Islands Companies Act (as amended) (the "Companies Act"), including the introduction of the Cayman Islands restructuring officer regime, came into force...

A recent judgment of the Grand Court of the Cayman Islands has reiterated the principles that the Cayman Islands Courts will consider in determining whether to grant a validation order...

May 2020 marks the twenty second anniversary of the Cayman Islands segregated portfolio company ("SPC").[1] This article takes a look back at the SPC's first two decades and particularly...