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While there are many unusual challenges straining the global market under the weight of COVID-19, it seems some things never change in moments of economic downturn.

Changes in market prices and increasing costs are driving more international restructuring and insolvency work, says Ogier disputes lawyer William Jones.

The American Bankruptcy Institute (ABI) has put together a faculty of prominent bankruptcy judges and experienced practitioners for the the Caribbean Insolvency Symposium.

Welcome to the June 2015 edition of our Litigation and Insolvency Update, a summary of recent key developments in the Cayman Islands, British Virgin Islands and Ireland.

The common law imposes on all company officers (directors and secretaries), fiduciary duties and a duty of skill, care and diligence. The Companies Act 1981 (the "Act") ...

During the course of 2022, Part V of the Cayman Islands Companies Act (the "Companies Act") will be amended to introduce a new restructuring officer regime available to companies in financial distress, ...

The appointment of a liquidator is a significant occurrence in the life of a BVI company.

As of March 1, 2009, the laws of the Cayman Islands dealing with corporate insolvency were updated by the implementation of amendments to the Cayman Islands Companies Law that were originally enacted in 2007 but lay dormant pending the promulgation of three new sets of procedural rules governing the conduct of insolvency matters and an amendment to the rules of the Cayman Islands Grand Court.

In this seven part series, Barnabas Finnigan and Nick Ward dissect special purpose vehicles and bankruptcy-remote orphan structures of the type used in the US CLO market.

In December's issue of Global Turnaround the focus was on Cayman and Walkers provided commentary.

The Grand Courts of the Cayman Islands has decided to supervise the liquidation of two companies that formed a material part of the structure of the infamous Bear Stearns hedge funds,

According to an AAX August 2022 press release, AAX had a spot trading volume of USD$57.2 million in July 2022 and boasted over 3 million users in over 160 countries.

Recent Cayman Islands court decisions have reshaped the landscape for fund liquidations, clarifying competing routes to winding up, the independence test for appointed liquidators, and the jurisdictional implications of filing proofs of debt. These rulings establish important boundaries around officeholder powers while balancing efficiency against proper judicial oversight.

Clawback claims in excess of $6 billion of overpaid redemptions have been brought by the Fairfield Sentry liquidators in about 300 United States Bankruptcy Court claims pending before Judge Bernstein...

It is well established that where a company is insolvent or nearing insolvency, the directors must have regard to the interests of the company's creditors.

The US District Court for the Southern District of New York has upheld the rejection of a petition by liquidators of the Bear Stearns High Grade Structured Credit funds for recognition of their liquidation proceedings in the Cayman Islands.

The full strength of the economic headwinds facing the UK economy is not yet clear, but a helpful recent report by insolvency and restructuring adviser Begbies Traynor provided some useful numbers around the attitudes of businesses.