Voluntary Winding-up of a Cayman Islands Company

A Cayman Islands company can be dissolved by the appointment of a liquidator or it can be dissolved without such appointment if the company is struck off the register as a result of an application to the Registrar of Companies for the purpose.

Voluntary liquidation

In circumstances where the company has been active and has substantial assets and liabilities, it is normal and recommended for the company to be liquidated.

Filed under:
Cayman Islands, Insolvency & Restructuring, Private Client & Offshore Services, Loeb Smith Attorneys, Shareholder, Liability (financial accounting), Liquidation, Articles of association, Liquidator (law)
Authors:
Gary Smith , Yun Sheng
Location:
Cayman Islands
Firm:
Loeb Smith Attorneys
Undertaking Voluntary Liquidations of Cayman Islands’ Entities prior to 31 December 2021.

Voluntary liquidations generally

Filed under:
Cayman Islands, Insolvency & Restructuring, Loeb Smith Attorneys, Cayman Islands Monetary Authority
Authors:
Gary Smith , Elizabeth Kenny , Vivian Huang , Yun Sheng , Santiago Carvajal , Faye Huang , Sandra Korybut
Location:
Cayman Islands
Firm:
Loeb Smith Attorneys
Winding-up of Cayman Islands’ Funds: A Reminder of a Key Principle of Winding-up Law from the Cayman Courts’ Decision in the Liquidation of Adamas Asia Strategic Opportunity Fund Limited

Commencing the voluntary winding-up of a mutual fund is deceptively easy but, as soon as it is contemplated, the Fund Manager's role and responsibilities change in subtle but very important ways.

Filed under:
Cayman Islands, Insolvency & Restructuring, Litigation, Loeb Smith Attorneys
Authors:
Gary Smith , Elizabeth Kenny , Vivian Huang , Yun Sheng , Santiago Carvajal
Location:
Cayman Islands
Firm:
Loeb Smith Attorneys