Introduction

In the recent decision of Re Ascentra Holdings Inc.(in Official Liquidation), the Grand Court of the Cayman Islands has once again confirmed the significant scope of its sanction jurisdiction in the context of official liquidations under section 110(2) of the Companies Act.

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Facts
Background
Decision
Comment

Introduction

As expected, the UK's latest quarterly company insolvency statistics, published on 28 October, follow the pattern of previous quarterly updates this year with the number of insolvencies continuing to rise in comparison with both the equivalent quarter in 2021, and pre-pandemic.

With the temporary insolvency measures implemented under the Corporate Insolvency and Governance Act no longer in force, the Q3 2022 data shows a significant increase in insolvencies from Q3 2021, with the overall number of registered company insolvencies 40 per cent higher.

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Facts
Background
Decision
Comment

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Subject matter or participant?
Facts in Madera
Characterisation of petition
Comment

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Restructuring petitions
Schemes of arrangement
Comment

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Facts
Decision
Comment

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Background
Primacy of courts in place of incorporation
Decision
Comment

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Background
Facts
Decision
Comment

Introduction