In Peakwave Investment Management Ltd v Energy Evolution GP Ltd [2026] CIGC (FSD) 7, the Cayman Islands Grand Court has provided further guidance on the interplay between arbitration and winding up proceedings.

In this case, the Court appointed provisional liquidators to protect company assets pending the outcome of foreign arbitration proceedings, despite having stayed the winding up petition. The decision shows that arbitration and insolvency proceedings can operate as complementary parts of the overall dispute-resolution process.