With the Cayman Islands being a preferred jurisdiction for the incorporation of investment vehicles, inevitably cases will arise where non-controlling shareholders complain that they are being unfairly prejudiced by conduct of those in control, and necessarily pursue those complaints by way of proceedings to wind up the subject company on the just and equitable ground.

Winding-Up Petitions in the BVI - A Practical Guide For Creditors

When a business in the UAE reaches the point where it can no longer continue, delay usually makes the legal and financial position worse. The company liquidation process in UAE is not just an administrative closure. It is a legal procedure that affects shareholder rights, creditor claims, employee dues, regulatory filings, bank accounts, visas, tax exposure, and in some cases director liability.

Cash flow pressure rarely begins with a dramatic collapse. More often, it starts with delayed receivables, mounting supplier demands, pressure from lenders, and partners asking whether the business can still meet its obligations next month. At that stage, UAE insolvency law for businesses becomes more than a legal topic. It becomes a decision-making framework that can protect assets, preserve value, and reduce the risk of personal and corporate exposure.

Broadly, the dissolution options for a solvent Cayman Islands company are either a voluntary liquidation or a strike-off. The appropriateness of either method will depend on the business history of the particular company and its current financial position.

Preliminary steps

Before commencing the formal dissolution process, it may be necessary to take some preliminary steps, including ensuring that:

Thailand is updating its Bankruptcy Act to introduce a formal pre-packaged rehabilitation mechanism, a reform recently approved by the House of Representatives and currently awaiting Senate review.

This development represents a significant shift in the country’s corporate insolvency framework, building on foundations established after the 1997 Asian Financial Crisis while adapting international practices to Thailand’s legal context.

When can a managing director be held personally liable in Hungarian liquidation proceedings—and when does the law allow the burden of proof to flip, making a creditor’s case dramatically easier to prove? This case shows that the answer depends not only on the director’s conduct, but on choosing the right legal basis in the statement of claim.

1. Facts

The defendant was the manager of the debtor (who has gone into liquidation) with independent representation rights and its sole member.

In Webb and another (as liquidators of Eversholt Rail (365) Limited (in liquidation)) v Eversholt Rail Limited and another [2026] EWHC 101 (Ch), the High Court dismissed the liquidators’ appeal against a decision not to allow their extensive application for the production of documents under s.235 and s.236 of the Insolvency Act 1986 (IA 1986). The application had sought to reconstitute a special purpose company’s full corporate knowledge in circumstances where it had held no documents of its own.

Maintaining a Business Account

In Serbia, maintaining at least one business bank account is not merely a practical necessity for businesses - it is a legal obligation.