Introduction
Solvency test
Standing and process
Purposes of administration
Effects of administration order
Administrator's duties and functions
Remuneration and swearing in of administrator
In an application by Joint Official Liquidators for sanction of an agreement to sell the assets of a Company over the objections of creditors, the Court has confirmed the importance of establishing a clear and transparent sale process, which enjoys the confidence of the interested parties, in order to establish that the sale agreement is in the best interests of creditors.
Background
Cayman Islands, USA, Insolvency & Restructuring, Private Client & Offshore Services, Ogier, Coronavirus
Key Notes:
USA, Company & Commercial, Insolvency & Restructuring, Thompson Hine LLP, Supply chain, Coronavirus, Title 11 of the US Code



