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Awards
By Shaun Tracey, Jeremy Lightfoot
In A Company v A Funder, the Grand Court of the Cayman Islands has approved third party funding of commercial litigation in a case that falls outside of the typical insolvency context.
By Guy Manning, Jeremy Lightfoot, Liam Faulkner
In doing so, the Court of Appeal clarified two important points of BVI law and practice which will be of widespread application...
By John Wolf, Hamid Khanbhai, Mark Adams
A new corporate entity has been introduced to the Cayman Islands in the form of the Foundation Company ("Cayman Foundation"), under the Foundation Companies Law 2017 which is now in force.
By Mark Goodman, Hamid Khanbhai
In Ocean Rig, the Grand Court sanctioned four inter-related schemes of arrangement (the "Schemes"), as part of a group restructuring of over US$3.69 billion of New York law governed debt...
By Andrew Pullinger, Shaun Tracey, Hamid Khanbhai
In a landmark judgment of the Grand Court of the Cayman Islands delivered on 23 August 2017 in Primeo Fund (in Official Liquidation) ("Primeo") v Bank of Bermuda (Cayman) Ltd ("BBCL") and HSBC Securities Services...
By Andrew Pullinger, Hamid Khanbhai
In a novel judgment of Mr Justice McMillan delivered on 1 August 2017, the Grand Court of the Cayman Islands awarded costs against non-parties that did not fund or control the proceedings in issue.
By Andrew Pullinger, Jeremy Durston
Anecdotally, there has been a marked increase recently in the use of arbitration as a means by which to resolve commercial disputes in the Cayman Islands.
By Guy Manning, Michael Popkin
Earlier this year, the CICA heard the appeal of Skandinaviska Enskilda Banken AB against the 5 January 2016 order of Mr Justice Clifford of the Grand Court in Conway and Walker v SEB1.
By Guy Manning, Michael Popkin
In CHC, the company was seeking to have JPLs appointed in order to assist with the implementation of its US Chapter 11 plan.
By Alan Craig, John Wolf, Robert Searle
The registered office service provider for each Cayman Islands company should contact the company with regard to the requirements of the Regime.
By Alistair J. Walters, Hamid Khanbhai
In Batista, the Grand Court has clarified that the scope of the statutory jurisdiction to grant a freezing order in support of foreign proceedings may extend to a person outside the jurisdiction...
By Alistair J. Walters, Hamid Khanbhai
The Court was considering a sanction application by which Scheme Supervisors sought authorization to enter into a settlement agreement with a law firm.
By John Wolf, Damien Magee, Jennifer Reilly, Peter De Vere
On 7 February 2017 the Nairobi International Convention on the Removal of Wrecks, 2007 (the "Nairobi Convention") was given legal effect in the Cayman Islands through the Merchant Shipping...
By Richard Spencer
Flexibility, cost-effectiveness and speed to market are just a few of the advantages to electing to launch a fund on a pre-existing Segregated Portfolio Company (SPC) fund platform.
By Guy Manning, Andrew Pullinger, Hamid Khanbhai
An ordinary litigant would not be restricted from commencing separate proceedings to enforce its proprietary or contractual rights to documents in those circumstances.