The Cayman court has recently dismissed two unrelated applications to appoint JPLs pending the determination of a just and equitable winding up petition alleging a loss of trust and confidence in management. Liam Faulkner discusses these two cases and the hurdles that any applicant must jump on a PL application.
This article discusses restructuring reform, ‘soft touch’ provisional liquidation in offshore jurisdictions, as well as access to restructuring provisional liquidation in the Cayman Islands and Hong Kong.
Guy Manning and Paul Kennedy co-author Global Restructuring Review – The Americas Restructuring Review 2021 – Cayman Islands chapter.
Restructuring in provisional liquidation: In the Matter of Sun Cheong Creative Development Holdings Limited15 Dec 2020
As Covid-induced insolvency and restructuring gathers pace, in Sun Cheong Creative Development Holdings Limited the Grand Court of the Cayman Islands (the “Grand Court”) has provided a timely overview of the principles of comity and modified universalism applicable in cross border restructurings.
Guy Manning and Guy Cowan have co-authored the Chambers Insolvency Guide Cayman Islands chapter for 2020, which highlights market trends and development in restructuring and insolvency in the jurisdiction over the past year.
Matt Freeman and Liam Faulkner have co-authored the Chambers Insolvency Guide BVI chapter for 2020, which highlights market trends and development in restructuring and insolvency in the British Virgin Islands over the past year.