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Grand Court makes first restoration order in respect of fraudulently dissolved Cayman company

Introduction
Facts
Background
Decision
Comment


Introduction

Cayman Islands, Insolvency & Restructuring, Ogier
New SDNY Decision on Administrative Priority for Executory Contracts

To encourage parties to transact with debtors in bankruptcy, the Bankruptcy Code in corporate bankruptcies provides highest priority to “administrative expenses,” which include “the actual, necessary costs and expenses of preserving the estate.” 11 U.S.C. § 503(b); id. § 507(a)(2).

USA, Insolvency & Restructuring, Litigation, Patterson Belknap Webb & Tyler LLP, US District Court for the Southern District of New York
Grand Court further develops insolvency test for Cayman Islands segregated portfolio companies

Introduction
Facts
Background
Decision
Comment


Introduction

Cayman Islands, Insolvency & Restructuring, Ogier
Characterisation of just and equitable winding-up petitions: dispute with company or between shareholders?

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


Introduction

Cayman Islands, Insolvency & Restructuring, Ogier
Cayman Islands welcomes reforms to restructuring regime

Introduction
Restructuring petitions
Schemes of arrangement
Comment


Introduction

Cayman Islands, Insolvency & Restructuring, Ogier
Grand Court further develops insolvency test for Cayman Islands segregated portfolio companies

Introduction

Cayman Islands, Company & Commercial, Insolvency & Restructuring, Litigation, Ogier, Insolvency, Receivership
Supreme Court Invalidates Chapter 11 Fee Scheme

We have previously written about Siegel v. Fitzgerald, No. 21-441, the Supreme Court case considering the question of whether the 2018 difference in fees between Bankruptcy Administrator judicial districts and U.S. Trustee judicial districts was consistent with the Constitution’s uniformity requirement for bankruptcy laws.

USA, Insolvency & Restructuring, Litigation, Patterson Belknap Webb & Tyler LLP, Federal judiciary of the United States, US Department of Justice, US Congress, Supreme Court of the United States, Fourth Circuit
Practical approach to substituted service: Grand Court allows substituted service of winding up petition on registered Cayman company

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Facts
Decision
Comment


Introduction

Cayman Islands, Insolvency & Restructuring, Ogier
Careful consideration of comity when winding up Cayman companies

Introduction
Background
Primacy of courts in place of incorporation
Decision
Comment


Introduction

Cayman Islands, Insolvency & Restructuring, Ogier
When can proceedings be issued against a Cayman Islands-incorporated company in liquidation?

Introduction
Background
Facts
Decision
Comment


Introduction

Cayman Islands, Insolvency & Restructuring, Ogier