Grand Court further develops insolvency test for Cayman Islands segregated portfolio companies

Introduction

Filed under:
Cayman Islands, Company & Commercial, Insolvency & Restructuring, Litigation, Ogier, Insolvency, Receivership
Authors:
Gemma Lardner , Max Galt
Location:
Cayman Islands
Firm:
Ogier
Cayman Court supports practical approach to adjudication of debts in liquidation

How should liquidators deal with the administrative burden of adjudicating thousands of low-value proof of debts in a liquidation estate, without exhausting the limited assets available in the liquidation estate? The Grand Court recently sanctioned a pragmatic solution.

Introduction

Filed under:
Cayman Islands, Company & Commercial, Insolvency & Restructuring, Litigation, Ogier
Authors:
Max Galt
Location:
Cayman Islands
Firm:
Ogier