Insolvent cayman companies: will the court wind up or allow an opportunity to restructure?

Introduction

Filed under:
Cayman Islands, Insolvency & Restructuring, Litigation, Ogier
Authors:
Michael Snape , Gemma Lardner
Location:
Cayman Islands
Firm:
Ogier
Latitude: Ogier's restructuring and corporate recovery digest, March 2021

Q4 2020 and Q1 2021 saw some significant developments in offshore restructuring, insolvency and corporate recovery, with the passage of new legislation and the handing down of judgments providing welcome clarification on laws relevant to practitioners in this area.

Filed under:
Cayman Islands, Guernsey, Insolvency & Restructuring, Litigation, Ogier, Private equity, Coronavirus
Authors:
Alex Horsbrugh-Porter , Mathew Newman , Michael Snape , Sandie Lyne
Location:
Cayman Islands, Guernsey
Firm:
Ogier
Cayman Islands Court of Appeal validates test under section 99 of the Companies Law

The Cayman Islands Court of Appeal has provided much needed clarification of the test for validating certain transactions by companies that are subject to a winding up petition, pursuant to section 99 of the Companies Law (2020 Revision) (the "Companies Law").

The Legal Issue of Principle

Filed under:
Cayman Islands, Company & Commercial, Insolvency & Restructuring, Litigation, Ogier
Authors:
Oliver Payne , Michael Snape , Gemma Lardner
Location:
Cayman Islands
Firm:
Ogier