Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Cayman court gets round “Emmadart” principle in helicopter group restructuring

By Jack Barton

22 February 2017

A Cayman Islands court has allowed directors of helicopter group CHC to appoint provisional liquidators over the group’s parent without shareholder authorisation, finding a way to get around the authority of the common law Emmadart principle.

Cayman court gets round “Emmadart” principle in helicopter group restructuring CHC manufactures helicopters