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.

This week’s TGIF considers a recent case where a liquidator obtained judicial advice to commence proceedings against a director and related company concerning the unlawful receipt and use of trust money.

Key takeaways

Introduction
Facts
Background
Decision
Comment

Introduction

This week’s TGIF considers a recent case where a court ordered that a company’s winding up be stayed, with a view to being terminated, pending payment of the liquidator’s remuneration.

Key takeaways

Introduction
Facts
Background
Decision
Comment

Introduction

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

Introduction

Introduction
Restructuring petitions
Schemes of arrangement
Comment

Introduction

Introduction

Introduction
Facts
Decision
Comment

Introduction

Introduction
Background
Primacy of courts in place of incorporation
Decision
Comment

Introduction