This is helpful judicial confirmation that the moratorium on unsecured creditor action automatically arises upon the filing of a petition seeking the appointment of restructuring officers.
Travers Thorp Alberga
The Companies (Amendment) Act 2021 (the "Amendment") introduces, with effect from 31 August 2022, a welcome update to the Cayman Islands restructuring regime as is contained in Part V...
The Grand Court of the Cayman Islands (Kawaley J) handed down a recent decision appointing receivers over a segregated portfolio, in the case of In the Matter of Green Asia Restructure Fund SPC.
Fiona MacAdam has recently featured on the Border Crossing Podcast, hosted by Chip Hoebeke, discussing the recent Cayman Island new Chief Restructuring Officer Regime.
In 2020, in response to the devastating financial effects of the COVID-19 pandemic, Latin America's leading airline
group, LATAM Airlines Group S.A. and various...
Baker & Partners
A new restructuring regime will be available in the Cayman Islands when the amendments to Part V of the Companies Act (2022 Revision) take effect as of August 31, 2022.
The approach of the Cayman Grand Court to the terms and timing of the discharge of provisional liquidators of In the Matter of Star International Drilling Ltd (unreported, FSD 88 of 2021 ASCJ)...
Cayman Islands companies have dominated the restructuring news cycle of late for a variety of reasons, including recent judicial commentary as to the effect of obtaining recognition...
A new restructuring regime has today come into force in the Cayman Islands under the Companies (Amendment) Act 2021 (Amendment Act) and the Companies Winding Up (Amendment) Rules 2022 (Amendment Rules)...
These new proceedings will significantly enhance the Cayman Islands restructuring regime.
By virtue of the special nature of Cayman Islands segregated portfolio companies, where one portfolio of the company is in financial distress but the others (and their investors) remain unaffected...
The statutory test for appointing receivers over a segregated portfolio (‘SP') under part XIV of the Companies Act (2022 Revision) was recently considered by Kawaley J in the Cayman Islands Grand Court...
The Cayman Islands insolvency and restructuring industry is welcoming the introduction of the much-anticipated reforms to the jurisdiction's restructuring regime.
The much-anticipated and welcome reforms to the Cayman Islands restructuring and insolvency legislation will come into force on 31 August 2022.
The Cayman Islands restructuring regime is poised to undergo a significant development that will allow companies to explore restructurings under the supervision of a Court-appointed company...
The Cayman Islands Government has confirmed that the long awaited reforms to Cayman Islands restructuring laws will now come into effect on 31 August 2022.
The long awaited reforms to Cayman Islands restructuring laws will come into force on 31 August 2022. The formal gazetting of these laws today (29 July 2022)...
On 24 June 2022, the Honourable Mr Justice Harris (of the High Court of Hong Kong Special Administrative Region) granted assistance to Cayman Islands appointed Joint Provisional Liquidators...
The Judicial Committee of the Privy Council has handed down its long-awaited judgment in the joined cases of Equity Trust (Jersey) Ltd v Halabi and ITG Ltd and others v Fort Trustees Ltd...
Where a company's liquidation is necessary, deciding who or where is best placed to administer an orderly wind down for the benefit of creditors can be difficult: the shortfall...