Compulsory winding-up of companies in management wind-down - a Cayman Islands perspective

In this feature, Christopher Russell and Michael Makridakis of the international law firm Ogier explore recent case law developments in the winding down of open-ended mutual funds in the Caymans. In what circumstances should the court intervene to impose a compulsory liquidation over a company in management wind down? This question has fallen for decision recently by the courts of the Cayman Islands, in a number of first instance decisions, in the context of open-ended mutual funds.