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.
In what was deemed an “unprecedented” application, the High Court recently refused to confirm the appointment of an interim examiner to a special purpose vehicle incorporated to develop commercial property. The Court determined that the company was not the “type of company for which examinership was designed”. The decision highlights some of the factors that the Court will consider when exercising its discretion to confirm the appointment of an examiner.
The Supreme Court of India (“Supreme Court”) in Ujaas Energy Limited vs. West Bengal Power Development Corporation Limited1 held that while claims not forming part of an approved resolution plan stand extinguished, a limited right to raise the defence of a set off in respect of such claim may still survive, depending on the terms of the resolution plan and in the facts and circumstances of each case.
Der EuGH stärkt die Rangordnung im deutschen Insolvenzverfahren. Für Geschäftsleiter steigt der Druck, für Verwalter die Schlagkraft.Wenn die Rechtswahl in der Krise nicht mehr rettet
1.最高法发布人民法院治理欠薪典型执行案例
3月2日，北京市人民政府办公厅公布《关于印发<2026年北京市全面优化营商环境工作要点>的通知》。
In Re Esken Limited (Overseas Company Number FC041629) [2026] EWHC 495 (Ch) (the “Judgment”), the High Court addressed a question with significant practical implications: can a company incorporated overseas but operating primarily in the UK move from administration into a creditors' voluntary liquidation (“CVL”)?
Welcome to The Week That Was, a round-up of key events in the financial services sector over the last seven days.
The fifth episode of Season 4 of our podcast, Money Covered - The Month That Was, where the team looks at the Financial Conduct Authority's Vehicle Finance Redress Scheme Consultation, is now available.
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Headline development
In Fletcher & MacPherson v Desai the High Court considered whether section 375 of the Insolvency Act 1986 (“IA 1986”) could be used to revisit the consequences of a successful transaction at an undervalue claim and, in particular, whether it could operate to preserve or confer secured status on a creditor after bankruptcy.
In Insight Terminal Solutions, LLC v. Cecelia Financial Management (In re Insight Terminal Solutions, LLC), 148 F.4th 869 (6th Cir. 2025), the Sixth Circuit reversed a bankruptcy court’s exclusion of deposition testimony in a debt-versus-equity recharacterization dispute. While the majority resolved the appeal on evidentiary grounds, Judge Eric Murphy’s concurrence questioned whether bankruptcy courts have any federal authority to recharacterize loans as equity.