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We are delighted to share with you this special publication containing offshore insolvency and restructuring articles written from each of the Walkers offices.

Litigation & Insolvency Update March 2015

This webinar will be indispensable for all practitioners in the onshore asset recovery space whether lawyers, insolvency practitioners, investigators or in businesses with offshore structures.

It is important to note that even though the board of directors of a fund ordinarily delegate responsibility to manage the fund's investments to investment managers, ...

The role of trustee, while undoubtedly interesting and rewarding, can also be a hugely onerous one in that it attracts a range of risks and gives rise to problems that cannot always be easily...

Justice McMillan noted that the question of a secured creditor's standing to present a winding up petition had not previously been dealt with by the Grand Court.

Although there are occasions when formal insolvency proceedings are unavoidable, there are many cases where a consensual, out-of-court approach is more appropriate and desirable.

It should be stressed that new companies are largely unaffected by the decision, since they are expressly permitted by the Law to deal with the issue in the drafting of their articles.

The Cayman Islands continues to be at the forefront of developments in restructuring and insolvency law in the offshore world and one of the premier jurisdictions of choice to facilitate complex and...

In a recent case before the Grand Court of the Cayman Islands, Walkers successfully acted for the Joint Official Liquidators of China Branding Group Limited (in Official Liquidation) (the "JOLs") in respect of a creditor's appeal against the JOLs' partial rejection of his proof of debt claim.

Following orders of the United States Bankruptcy Court and the Grand Court of the Cayman Islands, both made on 10 March 2023, the first ever restructuring plan developed and presented...

A recently released decision of the Grand Court of the Cayman Islands clarifies the circumstances in which receivers appointed by foreign courts or by foreign governmental bodies may seek the recognition in the Cayman Islands.

In the recent decision of In the Matter of Holt Fund SPC, the Cayman Islands Grand Court confirmed for the first time that it has jurisdiction to wind up a segregated portfolio company...

A recent decision of the Grand Court will provide welcome certainty to Cayman Islands liquidators appointed over trust companies or companies that hold trust assets...

Liquidators were appointed over Fairfield Sentry Limited, Fairfield Sigma Limited and Fairfield Lambda Limited (together "the Funds") by orders of the BVI High Court dated 21 July 2009, 21 July 2009 and 23 April 2009 respectively.

Singularis had originally lacked sufficient funds to meet the costs of bringing this claim against Daiwa; its only substantial assets being those it was pursuing by way of litigation.

On 26 June 2020, the Cayman courts made a winding up order for an insolvent company notwithstanding arguments from the company that the COVID-19

In recent years the Cayman Islands courts have become increasingly sympathetic to the needs of debtor companies looking to implement a viable restructuring plan.