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
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Decision
Comment

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Facts
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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

Introduction

The Cayman Islands' Companies (Amendment) Act, 2021 (the Amendment Act) has now come into force. The Amendment Act introduces a new corporate restructuring process and the concept of a dedicated 'restructuring officer' into the Cayman Islands Companies Act (2022 Revision). Under the Amendment Act, the filing of a petition for the appointment of a restructuring officer triggers an automatic global moratorium on claims against the company, giving it the opportunity to seek to implement a restructuring.

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Facts
Decision
Comment

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Background
Primacy of courts in place of incorporation
Decision
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Facts
Decision
Comment

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