Article
Choosing Your Breathing Space: Restructuring Officer Or Light-Touch Provisional Liquidation
The Cayman Islands Court continues to refine the boundaries between Restructuring Officer appointments and light-touch Joint Provisional Liquidations, with recent decisions clarifying when each regime is appropriate for distressed companies. As cross-border recognition concerns and governance complexities shape these choices, practitioners must navigate an evolving landscape where the right restructuring tool depends on management capability, creditor engagement, and the need for investigative powers.
Conyers