Anti-suit injunction granted by Grand Court to restrain Cayman liquidators from continuing New York litigation
15 Feb 2018In a judgment delivered on 13 February 2018, the Grand Court of the Cayman Islands granted an anti-suit injunction to restrain liquidators of a Cayman fund from continuing litigation commenced in New York in breach of a contractual dispute resolution procedure. The judgment addresses a number of novel arguments concerning the interpretation of the Cayman Islands’ Arbitration Law, 2012 and will be of particular interest to insolvency practitioners, auditors and other Cayman professional service providers delegating work internationally.